In addition to maximising cash recovery from historical overpayments, our service also provides independent third party reassurance that your internal controls are operating in accordance with your own procedures and industry best practices.
A series of reports designed to assist clients in data cleansing their Supplier Master File by identifying duplicated or incomplete supplier information, common causes for overpayments. The reports also have potential to identify fraudulent supplier accounts.
A series of reports showing detailed Management KPI's, Benchmarking and Spend statistics.
Specifically, these reports provide detailed analysis of invoices and payments (by size, volume and type), supplier spend and processing efficiency.
At the end of the audit we will also prepare a report that includes:
a summary of recoveries by error type;
a detailed Internal Control report to help prevent recurrence of these errors;
recommendations for potential future savings and cost management;
recommendations for process improvements that would enhance future payment or invoicing controls;
a complete listing of recoveries made.