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, […]
Three tips to reconcile accounts payable. Supplier accounting is often confusing, but it can be even more difficult to understand if the supplier has misapplied payments or created statement credits that do not align with your intentions. Since these accounting decisions are normally performed unilaterally by the supplier they can go unnoticed. You might not […]
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.
Thanks to the unparalleled development of technology and fully automatized processes, we have reinvented the statement reconciliation audit process.