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, 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 project plan that is developed in collaboration with our client’s specifications.
Your Dedicated Team With A Proven Process
Each engagement is assigned an Audit Director that is responsible for all components of the AP Audit service. A dedicated team of industry- experienced, US-based employees of SAS is assigned to every audit to ensure efficient project delivery with maximum results.
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.
In the Kick-Off Meeting, we look to:
- Review client’s objectives for the engagement
- Confirm data requirements
- Discuss roles and responsibilities
- Reconfirm scope of work
- Review approach and deliverables for each recovery claim category
- Discuss claim submission and approval process
- Confirm reporting cadence and stakeholders
SAS’ 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.
After nearly 30 years in commercial recovery auditing, I’ve worked with clients across every industry, size, and system imaginable. What continues to amaze me is the power of the tools SAS provides—turning what used to be a manual, time-consuming process into an efficient, insightful partnership. Connecting with clients, helping them recover lost funds, and guiding process improvements that prevent future errors is the most rewarding part of what we do.
Leslie Abrams
Senior Director of Operations
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Fortune 500 Companies