Health Check

Recovering Lost Profits

Our Accounts Payable Audit & Recovery Service examines every Financial aspect of a Client’s procure-to-pay process. We then identify and recover any overpayments or unclaimed financial benefits from the Client’s Suppliers.

Our philosophy is to add value to the Clients we work for and exceed their expectations. We do this through being innovative and proactive in our relationships with both our Clients and their Suppliers. The level of these “lost profits” will vary for every Client, but as all recoveries are made on a contingency no recovery-no fee basis, there is only ever a WIN-WIN scenario!

Our reporting also helps Clients to prevent overpayments in the future by providing targeted recommendations which are then compliance monitored on a regular basis.

Experience

Our team consists of a wide range of experienced individuals from a variety of industries including accounts payable managers, qualified Accountants, Lawyers, Surveyors and other professionals.

We have considerable experience of reviewing and managing Accounts Payable systems and processes across a variety of industries. We use this wealth of experience to customise our sophisticated proprietary software to complement the specific working practices of each Client.

Second Pass Reviews

In order to prove the depth and quality of our reviews, we have undertaken second pass reviews against some of our major competitors. The significant additional recoveries made will demonstrate that we can find you more!

Added Value Services

Overseas VAT & Import Duty
Our overseas VAT review involves the analysis of overseas expenses to assess whether overseas VAT can be reclaimed from the relevant jurisdiction. Our expert knowledge of current EU legislation enables further ‘savings’ advice to be provided. Our review assesses the level of import duty paid on non EU items and whether that duty may be reduced retrospectively. This also sets a precedent for future imports of those items.

Property Review
We analyse relevant data, from both internal and external sources, to determine your true liability in respect of the various costs arising in connection with your ownership or occupation.

Merchandising
In retail, product design, selection, packaging and display are used to stimulate consumers to spend more and the cost is generally borne by the Supplier. Due to the fact that this is not a core part of the business, Clients tend to overlook the income generated from this aspect. We ensure that all such merchandising revenue is recovered in full from the Supplier.

Freight Costs
Our bespoke software identifies and recovers overcharges in shipping and transport costs.

Telecoms Review
Our reviews involve the utilisation of software developed to identify overcharging by telecom service providers.

Additional Data Mining & Interrogation
As a result of our HealthCheck, Clients understand more fully our expertise in data mining and request that this expertise is used to extend the services provided. This involves detailed data interrogation identifying further opportunities to save money and improve efficiency.