Own your Accounts Payable data, don’t let it own you!
In addition to a traditional recovery audit, SAS believes in partnering with our clients and offering value added services. These services will allow you to gain more control over your procure-to-pay operations and gain intelligence to make efficient and cost effective decisions going forward.
Vendor Master Analysis
Vendor master files contain a considerable amount of information about a company’s suppliers. Over time, as new vendor records are added to the file and existing information is changed, errors will occur. These errors are magnified when acquisitions, mergers, or system changes occur. Cleaning up your master file can reduce duplicate payments, prevent fraud, increase productivity, reduce the amount of missed discounts and allowances, and eliminate potential regulatory non-compliance.
Some common errors in a vendor master file include:
- Missing important information such as addresses or TINs
- Duplicate vendor numbers for the same vendors
- Inactive vendors
- Invalid tax ids
Our vendor master file analysis will allow you to clean up and continuously monitor data.
Accounts Payable Transaction Analysis
The Accounts Payable data we have already acquired from your company during an Accounts Payable Recovery Audit gives us the unique ability to provide an in depth analysis of your disbursements. Vendor data can be manipulated in many forms based on best practices and / or as directed by our clients.
We can provide AP Analytic statistics surrounding:
- Vendor volume summary
- Grief report
- AP transaction breakdown by period
- Supplier information
During a recovery audit, SAS can provide you with reporting that may identify abnormal or fraudulent activity. Our techniques have been developed over many years in the Recovery Audit industry. Our experience has shown us that a suite of standardized fraud reports is of little value from one organization to another. Each organization is unique and the types of fraud analysis that will be relevant to one may not be relevant to another. We work with our clients in a collaborative manner to identify the type of reporting that is important to them and then deliver those reports.
Samples of fraud reporting available during a recovery audit include:
- Abnormal/Fraudulent Employee Activity
- Abnormal/Fraudulent Vendor Activity
- Abnormal Invoice Activity
- Match your vendor master to various government databases (i.e. OFAC)