"It really is a no win no fee service with no strings attached. I therefore recommend the exercise as there was minimal resource involved from our side and was a good health check for our AP team."
Your business goes to extraordinary lengths to maximise profitability, improve efficiency and reduce costs. We all know that cash is king, which rings true especially in the current economic climate, so if we could almost guarantee a way of generating cash for your business with no upfront costs or risk, would you like to find out more?
Fact: In the UK, business overpayments make up to 0.1% of annual payments made to suppliers.
This translates into an average error rate of between one and five payments in every thousand. Overpayments and erroneous payments can amount to tens and in some cases hundreds of thousands of pounds of lost profits in our experience.
Despite state of the art ERP systems and process improvements to comply with Sarbanes-Oxley, the fact is that errors can still occur due to human error, so all businesses are at risk.
Contributing factors include the sheer volume of transactions, ERP systems changes, mergers/acquisitions, the use of temporary staff or high turnover of purchase ledger staff.
Our purchase ledger recovery service is a no recovery- no fee, end to end service that provides an almost guaranteed way to generate cash for your business.
Unlike internal audits, our purchase ledger recovery service uses state of the art data mining techniques to ensure a thorough audit of the many permutations of duplicated or erroneous transactions. Whatever the reason for the error, we will find the errors, going back up to 5 years and we manage the process through to cash recovery.
We manage the complete data mining process and recovery of over payments in house, securely and confidentially and our fee is based on the percentage of the recovered amount only.