Accounts Payable Audit
Accounts Payable Audits (APA) help companies identify and recover hidden or lost profits that already exist. The goal of an APA is to identify erroneous overpayments and under-deductions made to your suppliers through an historical and real-time analysis. The process brings large-firm recovery strategies and services to companies of every size.
Duplicate Payments
Pricing
Supplier Credits
Contract Terms
Payment Terms
Transportation
Accruals
Escheatment
Rebates
Real Estate Leases
Allowances
Our Process
We will conduct a Preliminary Audit meeting with our client to establish and outline a comprehensive project plan complete with each step of the Accounts Payable audit process, recommended approach, scope, deliverables, and timelines.
This preliminary audit plan will include:
We will generate standard reporting based on client-specific directives, providing updates of recovery audit status and key indicators as agreed upon during the initial Preliminary Audit meeting.
Our proprietary web-based Claims Approval System will be utilized throughout the Accounts Payable recovery audit engagement to monitor and track claim production.
Engagement Management Report
At the conclusion of the audit, we will deliver an Engagement Management Report.
This report will include: