Internal & Real Time Solutions
Empower Your Team, Recover Dollars Sooner & Prevent Future Errors
Traditional recovery audit services and processes, whether captured internally, outsourced, or a combination of the two, can be very time consuming and costly. Many of the dollars are not recovered until years after the transaction. How can your company recover dollars sooner and at a lower cost? SAS offers a suite of web based recovery audit tools and applications that can empower your existing internal audit team. This will allow you to identify errors quickly and closer to the time period of the transaction.
In addition, we can analyze these errors to determine if system or process changes can eliminate errors from occurring or to allow you to recover profits from these errors on a real time basis.
Empower your Internal Recovery Audit Department
Is your Internal Recovery Audit Department operating in the most efficient manner possible? Are you limited on staffing resources? Do you get support from your IT Department?
SAS can help. We bring all of our expertise in the Recovery Audit industry to your organization. We can give your team the support they need to become a world class Recovery Audit Department. Our technology-enabled recovery auditing approach assists your internal AP recovery audit team to identify, correct, and prevent errors from occurring. You will be able to audit closer to the transaction, recovering lost profits and dollars in the period where the error occurred.
SAS oversees the process and reviews the results of the recovery audit. In addition, we help you to analyze the root cause for the claims and determine if system or process changes can prevent or reduce the errors from occurring in the future and lead to profit improvement.
SAS works directly with your internal team throughout the recovery audit process to continually improve the process and software. Our approach allows you to significantly reduce your total cost to audit.
Real Time Recovery Audit Solutions
Real time recovery auditing allows companies to identify payment errors before they occur. The companies who perform a real time recovery audit see significant benefits in:
- Continual improvement of their Accounts Payable process to prevent errors
- Significant reduction of employee time spent identifying errors manually
- Improving cash flow and reduction of financing costs or increased cash for investment
- Eliminating friction with your vendors as reduced errors decrease prior year Post Audit claims
One example of a real time recovery audit tool is in the area of duplicate payment prevention. This process identifies duplicate payments before they happen. Potential duplicate payments are reviewed after invoices have been processed and are ready to be paid, and before the checks are cut.
The Duplicate Payment Monitor uses numerous algorithms to identify erroneous payments. Companies that use the duplicate payment monitor receive the following benefits:
- Reduced time to process claims and to retrieve claim information
- Significantly increased visibility into the claim process
- Eliminates claims that can create vendor friction
- Identifies the value this process brings to your organization
Through implementation of our proprietary internal empowerment and real time recovery audit capabilities, your company benefits from the reduction in cost per claims, earlier recovery of dollars, improvement in internal operations, and improved vendor relations.
With our real time recovery audit solutions, we will empower your company to reduce your costs and to improve your internal processes, leading to profit improvement.