5 Reasons Why a Recovery Audit Is More Important Now Than Ever Before
Plus Strategies to Recover Cash and Increase Working Capital
Key Takeaways
⇨ A review of AP transactional data can identify two key opportunities for recoveries: hidden statement credits and duplicate payments
⇨ How to navigate the 10,000 tax jurisdictions in the US
⇨ How a review of supplier contracts and AP transactional data, a contract compliance audit can identify recoveries of overbilling, discounts, rebates and other savings supported by your contract with the supplier.
For businesses whose cash and working capital are being strained, recovery audits can provide hard-dollar recoveries through a careful review of AP transactional data and communication with suppliers. Many times, overpayment errors and statement credits can be hidden for years. Now is the time to recover your lost funds and identify which procure-to-pay control problems caused these losses.
This whitepaper from apexanalytix addresses conditions that lead to overpayments and erosion of negotiated savings plus three strategies to recover working capital.
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