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Accounts Payable Recovery Audit

Our accounts payable recovery audit service aims to recover the maximum monetary value towards your bottom line. Get your payments under control by identifying high-risk suppliers, lost working capital, weak controls, and financial performance improvement.
A person creates stacks of money, signifying cash recovery and accounts payable recovery audits.

Accounts Payable Recovery Audit

An accounts payable recovery audit, also known as an AP audit, is a review of your organisation’s accounts payable historical data for the purpose of identifying and recovering funds paid to vendors in the form of overpayments, including duplicate or wrong payments.

Why engage in an accounts payable recovery audit?

The relationship that exists between vendors, procurement, and accounts payable is effective most of the time, but not all of the time. Financial leakage will always occur. Overpayments quickly add up to a significant amount and if not captured, will result in lost profit to your organisation’s bottom line.

Get started with your recovery audit

With FISCAL’s no cost, no-obligation risk review, we start by using our accounts payable recovery audit software to review an organisation’s historical spend. This typically requires a simple transmission of specific files without any need for special programming. The goal is to identify and capture lost profits due to errors within an organisation’s procure-to-pay environment.

Our risk review/ AP recovery audit will deliver:

  • Immediate cost savings opportunities.
  • Detailed analysis of suppliers and transactions.
  • Ranked list of high-risk suppliers and transactions.
  • Recommendations for process improvements.
  • Management and operational AP reports and benchmarks.

Why prioritise an AP recovery audit?

  • Minimal time required from IT for an AP audit.
  • Straightforward extraction process for required data.
  • ISO 27001 security and NDA agreement to protect your data.

 

Looking for our recovery audit software? Click here.

Find out more about our risk review service.

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For further information or to request a demo:

Would you like to know more about what FISCAL can do for you? Contact us at:
[email protected] or call +44 (0) 845 680 1905

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