As accounting systems get ever more complex to deal with business purchasing transactions it isn't surprising that, in a small number of instances, overpayment and under-deduction can occur. Over time, these can however, add up to a significant amount of money and restrict a company's trading capability and its profit margin.
ADR Audit specialise in recovery auditing, a non-disruptive reviewing process that can look back at a companies disbursement transactions and the related supporting data to identify where overpayment may have been made and then recover the full amount from the suppliers.
Our bespoke recovery audit process, using specialised tools and robust techniques, can identify and act as a real safeguard against errors and weaknesses in a company's payment system and put in place the appropriate business intelligence and recommendations to stop these errors happening in the future. It also brings together the procurement and payment functions of an organisation to ensure that the two work together in the most effective and efficient way.
ADR Audit has worked as a 'no-risk' third party outsource with many leading companies and identified, managed and recovered hundreds of thousands of pounds of 'lost' revenue and, in most cases improved the security and efficiency of their payment systems.
Accounts Payable Audit
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Your Need
To identify 'lost' revenue and over payments and recover the full amounts from your suppliers.
Our Objective
To provide a fast, non intrusive, well managed service with the minimum of disruption to your organisation and maximum profit recovered.
What we do
Using our specialist tools and experienced auditors we thoroughly review all previous transactions to ensure all lost profits are recovered.
What you get
A 'no-risk' comprehensive, non-intrusive AP Audit , followed by timely return of lost profits.
To identify where suppliers have not applied agreed discounts and terms to specific contracts.
Our Objective
To thoroughly investigate all agreed supplier contracts to ensure exact terms and conditions are followed and necessary discounts applied.
What we do
Supply a contract compliance specialist to trawl through all agreed contracts. We spot light missed deals, volume discounts and on-going promotions and guarantee refunds where necessary.
What you get
Working on your behalf on a contingent basis all investigative work is carried out by an audit professional in a thorough and confidential manner. We ensure all contracts are strictly adhered to benefiting the client by way of discount or refund.
"Regardless of cultural and language differences, with ADR's help, we restructured and refocused the purchasing department, clearly defined tasks and objectives, introduced the appropriate purchasing and supply processes and developed the purchasing skill base of the procurement team"
Head of International Production, Bally Shoes, Switzerland
