Accounts Payable

We feel that the easiest way to cut Corporate spend by .5 - 3% is to conduct a comprehensive AP audit. Despite best intentions, all organizations have some degree of error in the Procurement-to-Payables process. Missed discounts, duplicate payments, duplicate vendors, double billings, vendor fraud and employee theft are but a few of the many reasons that cause profits to be diminished.

Exacerbating the problem is the sheer volume of invoices being processed monthly and the need for very skilled full time employees whose sole focus is identifying errors… very few firms have the skill and staffing budgets for such internal help. Worse yet is the fact that unless current errors are detected, they will continue to minimize profits far into the future.

Our AP audit by its very design is non-intrusive. Our average recovery is .5 - 3% of your last 36 months of expense. In addition to the recovery of previous over-payments, our proprietary software will enable you to conduct ongoing AP reviews in-house; thereby helping you control costs by eliminating waste.

Our process also allows you to login to our secure servers (24/7) and monitor progress throughout each step of the engagement. All work is done in accordance with Generally Accepted Auditing Standards. We respect vendor-client relationships and our discrete process ensures that the vast majority of your vendors will never know that their invoices and payments have been reviewed.

If you have not had a comprehensive AP audit done within the last 36 months you need to give very serious consideration to having one done now. As there are no upfront fees and any fees ever due are 100% funded by actual recoveries, why not see if we can deliver a windfall for you?

Contact us at Info@profitadvisorygroup.com