Freehold, NJ – September 6, 2022 – Strategic Audit Solutions, Inc. has been awarded a group purchasing agreement for Accounts Payable Recovery Audit with Conductiv Contracts. Effective September 1, 2022, the new agreement allows Conductiv Contracts members, at their discretion, to take advantage of special pricing and terms pre-negotiated by Conductiv Contracts for Accounts Payable Recovery Auditing.
Our team finds it particularly rewarding to support health systems by identifying and recovering lost profits and returning them to their bottom line” states Bob Carlino, CEO of Strategic Audit Solutions. “The volume of payment transactions that health systems process with their AP teams is staggering. The vast majority of these transactions are processed accurately, however funds leakage will always occur due to a variety of reasons, bypassing built in system checks and balances. SAS will identify and recover those funds and provide recommendations to fix the problem, thus avoiding future profit leakage.”
Strategic Audit Solutions, an industry leader, provides Accounts Payable/Procure-to-Pay Recovery auditing services and root cause analysis to health systems nationally. Utilizing proprietary software, SAS will analyze historical procure-to-pay data and supplier transactions that will result in delivering recovered funds back to the bottom-line. Identification of the root cause of the financial leakage is crucial in mitigating future risk and potential losses.
About Conductiv
Conductiv is a leading third-party spend improvement company, uniting an alliance of buyers and suppliers to transform the acquisition of services. With integrated data and analytics, supply chain solutions, advisory and managed services, and a secondary GPO dedicated to activating service contracts, Conductiv unlocks operational efficiencies that have earned its customers more than $800 Million in contract savings.
About Strategic Audit Solutions
Strategic Audit Solutions provides comprehensive Accounts Payable and Procure-to-Pay Recovery Auditing solutions to health systems nationally. A client specific audit plan delivers the most efficient, effective, and thorough audit while minimizing client staff involvement. With decades of healthcare experience in recovery auditing and process improvement recommendations, SAS recovers financial leakage and identifies root causes to mitigate future financial risk. SAS also offers a suite of AP Audit tools developed by auditors for organizations to perform AP Auditing in-house. For more information, please visit: www.sasrecovery.com
SAS Insights
Revolutionizing Accounts Payable: The Rise of AP Audit Tools in the Next Generation of Recovery Auditing
The Accounts Payable (AP) Recovery Audit industry emerged decades ago to address over-payments, over-charges, and accounting errors in medium and large-sized companies. Due to the high volume of transactions, companies […]
Continue Reading
Maximizing Financial Health: The Crucial Role of AP Recovery Audits for Healthcare Supply Chain Leaders
In the intricate world of healthcare supply chains, where precision and reliability are paramount, the Accounts Payable (AP) process plays a critical role. One often underestimated strategy for enhancing supplier […]
Continue Reading
Unveiling Efficiency: Exploring AP Audit Objectives for Financial Excellence
Over the last three decades, Accounts Payable (AP) Recovery Audits have been a widely known best practice for medium to large size organizations. Depending on the environment, organization and unique […]
Continue Reading
Strategic Audit Solutions, Inc. Proudly Announces Employee of the Year 2023 – Larry Crawley
Larry Crawley, who recently assumed the role of Chief Technology Officer, has been an invaluable asset to SAS throughout his remarkable 10-year career with the company. His dedication and outstanding […]
Continue Reading