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No matter how solid your company’s financial system is, mistakes happen. Overpayments and other accounting errors can cost your business thousands—or even millions—of dollars. They may occur because of unsound internal controls. Or, there may be weak spots in your IT system or recordkeeping process. The reasons are many, but the result is always the same: a hit to the bottom line.

Finding these mistakes amid hundreds of thousands of transactions isn’t easy. It can be even harder to find their root causes. That’s where a recovery audit can make the difference. For nearly a decade, we have been helping companies of all sizes with business processes, controls and testing.

Cause and effect
As your business evolves, it becomes harder to oversee all the factors that may affect your financial transactions. In turn, it becomes harder to protect your income from risk and error. Consider the following factors that could impact your accounting:

• Software systems that aren’t robust enough to assure error-free calculations
• New IT systems that don’t interface well with legacy programs
• Variances in the way certain transactions are processed and coded
• Weaknesses in recordkeeping and reporting processes
• Labor issues like employee turnover and low morale
• Weak internal controls and segregation of duties
• Deficient monitoring and oversight
• General errors, fraud and abuse

Companies now recognize that even if their financial systems are close to perfect, a small, recurring error can be costly over time. 

How we can help
We will focus on helping your company recover unnecessary expenditures and lost revenue, and preventing these losses in the future.

Using a consistent and proven method, we begin by studying your business policies and processes and assessing risk. We will review your current desk procedures and the controls you have in place to prevent errors. From there, we will run your data through Reperio™, our proprietary system of software queries, equations and audit tools, to identify the errors and variances that could become claims. Before taking any action, we will review the potential claims with you.

We will follow up with clear and concise post-recovery reports that explain root causes. We will also recommend ways to improve internal controls using best practices. If needed, we can help you build and implement business processes with stronger controls, and train your staff. The result: fewer errors and improved profits.

Whether you want us to simply identify errors and claims, assist you with the claims recovery process or manage the whole process for you, we guarantee that our approach will be low-impact, confidential and timely.

Our services
Our recovery and business process improvement services span three cycles:

Why choose us?

Recovery Audit Brochure
AP Recovery Audit Presentation
AP Recovery Audit Presentation