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.
Our Project Plan, Your Piece 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.
SAS’ proprietary web-based Claims Approval System – The Vault, 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 have used AP Recovery Audit firms in the past and I was extremely pleased with SAS services and absolutely loved Mitch. The meetings were extremely productive, and Mitch offered a lot of advice on best practices. His team was also great with following up, communication and knew their way around PeopleSoft. The Vault is extremely user friendly and provides great reporting & audit trail. I highly recommend SAS for AP Audits.
- Sanchere Evans Manager Accounts Payable, Tampa General Hospital
I was highly impressed with the professionalism and responsiveness of the entire SAS team. The A/P recovery audit was well managed, minimally disruptive to operations, and identified unexpected recovery dollars and patterns enabling further tightening of controls and processes. The lead on the engagement was highly proficient with the software we use and required no training on our systems. I would highly recommend SAS for an A/P recovery engagement.
- Mark D. Schneider, CPA, CHFP, FHFMA Controller, Huntsville Hospital Health System
Our company has partnered with Strategic Audit Solutions, Inc. for 10 years. They have identified and helped us recover a significant amount of errors made in payments to our suppliers. They work professionally and seamlessly with both our internal staff and vendors. SAS has provided us with the critical information needed to make internal system and procedural enhancements which allowed us to minimize future payments to our suppliers.
The SAS team members are easy to work with. They recognize the time constraints of our staff and require minimal effort on our part to conduct the review. The claim documentation supplied to our vendors is accurate, well-supported and easy to understand. Our vendors are able to validate their claims with minimal effort. Because of their knowledge of our systems and data. we have also partnered with SAS for many special projects.
I highly endorse Strategic Audit Solutions, Inc.
- Nadia Stern Senior Vice President Procurement, Innocor, Inc.
SAS and Mitch Blau are the best in the industry. They strive to be a true partner with our organization and always have our best interests at the forefront.
- John Stone AVP, Accounts Payable, Jefferson Health
Our experience with SAS was both great and profitable! From the initial conversations and presentations, SAS proved to be flexible to our needs and asks while also balancing the uniqueness of our business. Having crossed paths with many AP Audit firms, I would strongly recommend SAS!
- Mike Scott Director of Transactional Accounting, Paradies Lagardère
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