Audit Services

Transaction Analysis Recovery Solutions
A Profit Recovery Solutions Audit

In order to maximise recoveries for our clients we have developed our unique 3 stage approach to Recovery Auditing

Stage 1 Health Check

Stage 2 Data Download

Stage 3 Full Client System Audit

Throughout each stage we appreciate the sensitive nature of the existing relationships and the confidential nature of the information

Our case studies facilitate understanding how our approach has benefited our clients

As we work on a contingency basis a Profit Recovery Solutions Audit is risk free – no recovery, no fee.

Stage 1: Health Check

During the initial period, we conduct a “health check” involving a detailed supplier review which usually results in immediate recoveries. To avoid duplicated work we request a list of any ongoing queries by the client we then present a report of recoveries made to date, identifying the areas of potential weakness that most affect the business. This enables our clients to make an informed decision on the value of extending the recovery audit to these areas of concern which typically include duplicate payments, pricing, promotional activities, short deliveries and returns.

Our case studies show examples of many different types of recoveries and facilitate understanding how our approach has benefited our clients

Stage 2: Data Download

A full financial data download is obtained, processed and analysed using our range of analytical software. From the detailed reports produced, all potential claims are substantiated and with client approval, recoveries are realised.

Examples being duplicate or incorrect payments, VAT errors and settlement discounts.  Reports and recommendations are made during this process to improve controls in all areas where errors have been found and reduce the possibility of them reoccurring in the future.

Our case studies show examples of many different types of recoveries and facilitate understanding how our approach has benefited our clients.

Stage 3: Full Client System Audit

The final stage involves an in-depth and hands-on exploration into the client’s own accounting systems to achieve the maximum level of recoveries from all areas of the business. This stage not only covers the areas of concern already identified in greater depth but also can include property, terms and contract compliance, expenses. After root cause analysis, detailed reports and recommendations are made and we work together with our clients to help minimise similar losses in the future.

Our case studies show examples of many different types of recoveries and facilitate understanding how our approach has benefited our clients.

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