Accounts Payable Audit
£75 million recovered in 8 years
Our team of software developers have built and continually refine our own powerful audit software called Audit IT.
The software provides accuracy for identifying potentially 12 common known duplications, allowing us to recover over-spend or under-receipt over a 3 or 4 year period.
Accounting Entries Duplicate payments
Incorrect supplier payments
Over payments
Missed credits
Duplicate suppliers
Dormant suppliers
VAT errors |
|
Procurement Contract Compliance Missed discounts
Purchase price variances
Missed rebates
Over billing
Incorrect retrospective discounts
Missed allowances
Indirect expense contracts
Credit returns pricing |
|
|
 |
 |
Serco
We were appointed by Serco to carry out a full accounts payable audit of their shared service centre. The appointment came as a result of the integration of each sectors (education, building, government etc) into one bespoke account system. Serco has a turnover of £1.385 billion. Our AP recoveries are on average at a level of 0.1% of combined AP turnover. |
|
