Strategic Audit Solutions, Inc. awarded AP Recovery Audit Agreement with Conductiv
September 8, 2022
Freehold, NJ – September 6, 2022 – Strategic Audit Solutions, Inc. has been awarded a group purchasing agreement for Accounts Payable Recovery Audit with Conductiv Contracts. Effective September 1, 2022, the new agreement allows Conductiv Contracts members, at their discretion, to take advantage of special pricing and terms pre-negotiated by Conductiv Contracts for Accounts Payable Recovery Auditing.
Our team finds it particularly rewarding to support health systems by identifying and recovering lost profits and returning them to their bottom line” states Bob Carlino, CEO of Strategic Audit Solutions. “The volume of payment transactions that health systems process with their AP teams is staggering. The vast majority of these transactions are processed accurately, however funds leakage will always occur due to a variety of reasons, bypassing built in system checks and balances. SAS will identify and recover those funds and provide recommendations to fix the problem, thus avoiding future profit leakage.”
Strategic Audit Solutions, an industry leader, provides Accounts Payable/Procure-to-Pay Recovery auditing services and root cause analysis to health systems nationally. Utilizing proprietary software, SAS will analyze historical procure-to-pay data and supplier transactions that will result in delivering recovered funds back to the bottom-line. Identification of the root cause of the financial leakage is crucial in mitigating future risk and potential losses.
Conductiv is a leading third-party spend improvement company, uniting an alliance of buyers and suppliers to transform the acquisition of services. With integrated data and analytics, supply chain solutions, advisory and managed services, and a secondary GPO dedicated to activating service contracts, Conductiv unlocks operational efficiencies that have earned its customers more than $800 Million in contract savings.
About Strategic Audit Solutions
Strategic Audit Solutions provides comprehensive Accounts Payable and Procure-to-Pay Recovery Auditing solutions to health systems nationally. A client specific audit plan delivers the most efficient, effective, and thorough audit while minimizing client staff involvement. With decades of healthcare experience in recovery auditing and process improvement recommendations, SAS recovers financial leakage and identifies root causes to mitigate future financial risk. SAS also offers a suite of AP Audit tools developed by auditors for organizations to perform AP Auditing in-house. For more information, please visit: www.sasrecovery.com