The Case for a Vendor Statement Audit The AP recovery audit industry was created decades ago to review AP data for errors and discrepancies. In a traditional AP recovery audit, a team of highly-trained auditors works with a company’s AP staff to identify errors related to contract compliance, missed discounts, and pricing errors. In conjunction, […]
It is critical to articulate your goals for the project when you collaborate with another company or person.
Even if you manage to achieve the “optimal” 99.9% payment accuracy, you’ll end up with millions of dollars lost in transition, sitting on your suppliers’ AR ledgers.
A quick introduction into the history of Profit Recovery Auditing. Where it comes from and who should consider it now.
“Dirty data” in a vendor master file can become a severe problem for a business. Large Enterprise organizations face the overwhelming job of processing tens or hundreds of thousands of different supplier interactions daily.