AP Recovery auditing is the methodical process of examining disbursement transactions to identify and recover various forms of overpayments and under-deductions from suppliers. In addition to the cash recoveries, the client receives feedback about those areas in which the recoveries were found, plus additional information. The client can use this added-value information to adapt its procedures to prevent similar errors from occurring in the future.
Quick analysis of client's business and system. AP Data acquisition from IT department
Audit AP transactions Run analytics Recovery:Credit memos or refund checks
Submission of recoveries to client. Bill client for % of recovery
Summary report of the audit and recommendations
