Very often, high numbers of disbursements can give rise to a small percentage of overpayments. These may remain undiscovered within the disbursement transaction history or accounts payable data. Overpayments can occur from supplier documentation shortcomings, inputting challenges, system and personnel changes, and the quality of supplier master file data.
Our recovery audit solutions will:
Our VAT recovery audits review your disbursement history for unidentified or under-recorded input VAT. Our VAT recovery audits are carried out using analyses of data, reviews of documentation, prior experience of the supplier base and knowledge of the appropriate regulations. Identified items are checked and agreed with clients and submitted through the clients’ in-house indirect taxes department.
We provide contract compliance audits to review your documentation and data to ascertain whether an assortment of suppliers have complied with the financial terms and conditions of their contracts. Our contract compliance audits ensure you have received all financial benefits due under the contracts including tiered pricing, discounts, rebates, and allowances.
Our shared service centre audit teams specialise in Purchase to Pay profit recovery audits in multi-currency, multi-division SSC operations. Our advanced software is specially designed for shared service centre audit environments to manage both foreign and base currency amounts, and combine and review multiple sources of data either globally or by payment route.
We provide procure to pay data analysis using our DAART®, dynamic, database-driven, web-based reporting tool. This provides interactive procure to pay data analysis of your information and will report on: