Accounts Payable Recovery Audit

Benefit From Our Best-In-Class Approach And Proven Strategies

What is an Accounts Payable (AP) Recovery Audit? It is a historical or real-time review of your Accounts Payable transactions to identify erroneous overpayments and under-deductions made to your suppliers. The areas of an Accounts Payable Recovery Audit include duplicate payments, supplier credits, payment terms, accruals, rebates, allowances, pricing, contract terms, transportation, escheatment, fraud detection, real estate leases, among others.

Accounts Payable Recovery Audits are 100% Contingency based.

What does every Accounts Payable Recovery Audit entail?

Our best-in-class approach to any AP Recovery Audit engagement begins with an effective recovery audit project plan that is developed in collaboration with our customer’s client’s specifications.

Your Dedicated Team With A Proven Process

Each engagement is assigned a Managing Director that is responsible for all components of the AP Recovery Services. A team is assigned including all US based employees of SAS. Every project has dedicated staffing to ensure an efficient audit with industry experienced auditors.

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Our Project Plan, Your Peace Of Mind

At the beginning of every Accounts Payable Recovery Audit, SAS will conduct a Kick-Off Meeting with our client to establish and outline a comprehensive project plan. Our project plan is designed to minimize our client’s involvement and time commitment. The plan will detail each step of the Accounts Payable audit process, recommended approach, scope, deliverables, and timelines. This preliminary audit plan will include:

  • Review Accounts Payable audit objectives
  • Client’s objectives for the engagement
  • Data requirements
  • Roles and responsibilities
  • Scope of work
  • Approach and deliverables for each recovery claim category
  • Claim submission and approval process
  • Communications schedule and Reporting

SAS will deliver reporting based on client specific directives, providing updates of recovery audit status and key indicators as agreed upon during the Kick-Off meeting.

AuditSuite360SAS’ proprietary web-based Claims Management Solution will be utilized throughout the Accounts Payable Recovery Audit engagement to monitor and track claim production, supplier & internal communications and real-time reporting

At the conclusion of the engagement, we will deliver our Accounts Payable Audit Report detailing our findings and recommendations for improvements to your systems and controls to avoid future leakage.

We also provide value added reporting for many of our clients which will provide greater insight into their Accounts Payable environment. These reports are customized based upon client specific needs.

See what our clients say...

I just wanted to let you know how happy I was with the SAS team. Your service from start to finish has been exemplary and on a professional, knowledgeable, yet friendly level that far exceeds all other AP recovery firms that I have dealt with. Your auditors worked independently while keeping us informed with weekly progress reports and they required very little involvement of our staff. The results of the audit speak for themselves, as you recovered more than double what our last audit firm found.

- CFO Mid-Sized Manufacturer

I cannot overstate the value your Accounts Payable Recovery Audit has provided to us. The ease of the process, the respect for our busy schedules, the professionalism in your dealings with our suppliers, and of course, the results. I had no idea we had that much money that we were leaving on the table. Great job and see you next year.

- VP, Finance Large Manufacturer

Rich Products Corp had great success using Strategic Audit Solutions (SAS) for our AP recovery needs. They were very reasonably priced. They were extremely thorough in their investigation techniques and gave regular updates of their findings during the scope of the recovery audit. They were easy to work with and always maintained an extremely professional demeanor with our suppliers as well as to our entire staff at Rich Products. I would highly recommend them to anyone who is seeking to have an AP recovery audit completed. We intend to reach out to them again when it is time for our next audit. Thanks SAS for a job well done!

- Matt Edie Accounts Payable Manager Rich Products Corporation

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