Accounts Payable Recovery Audit Services

Increase A/P's Impact on the Bottom Line

Duplicate payments, overpayments, payments to wrong vendors and other open credits not captured through internal controls or the controls in the company's ERP system, i.e. SAP, PeopleSoft, Oracle, amongst others, can represent millions of dollars in lost profits to a company if not recovered.  Resource constraints or complex A/P environments with high volumes of transactions and/or multiple systems can prevent accounts payable from fully recovering all that is due to the company.  

Recoup More Lost Monies Sooner

Technology Insight’s Recovery Audit Services ensure you recoup lost monies not captured through your internal controls or ERP controls.  Our audits are performed nearly, if not 100%, all off-site, minimizing the strain on your A/P resources.    

Underlying Technology Insight's Recovery Audit Services is a foundation comprised of the most advanced technology in the industry powering our ability to work with large volumes of data from one or multiple, disparate systems - any system, including p-card and T&E, and any number of systems.  It is this that sets us apart from other service providers by enabling us to perform a deeper, more comprehensive analysis of your data, efficiently.  This means increased recoveries within a shorter time frame.  Technology Insight will start to deliver returns within 30 days.  

Technology Insight’s Accounts Payable Recovery Audit Services include:

• Professionalism & Respect - First and foremost, Technology Insight guarantees your recovery audit will be performed with the highest degree of professionalism and respect in communications with both you and your vendors.
• Identification and recovery of duplicate payments, payments to wrong vendors, and overpayments.
• Statement reviews for the identification of open credits not captured through data assessment. 
• Contract compliance reviews to identify recoveries due to causes such as missed discounts, rebates, or incentives; and incorrect pricing, amongst others.
• Vendor master file analysis and detailed reporting to aid in the cleaning and management of the vendor master file, including duplicate vendor identification.
• 100% off-site review to minimize the disruption to your staff by performing the majority, if not 100%, of the audit off-site. 
• Extraction programs for major accounts payable systems such as SAP, Oracle, PeopleSoft, and detailed extraction directions for other systems to ensure minimal use of I.T. resources.
• A contingency fee based structure.  Technology Insight is paid a % on the money we recover. If we do not recover anything, we do not get paid.
• Web-based audit management - Technology Insight presents its recovery results in an intuitive, secure, web-based portal to reduce management needs on your side.
• Detailed root cause analysis and management reporting to aid in minimizing future lost profits and process breakdown.  
• Migration path to enable our customers to prevent, identify, and recover their own duplicate payments - we identify, you recover, with DataShark A/P for a flat fee, if desired.  

Recovery Audit Services many be used independently or in conjunction with our DataShark A/P solution.