As organizations in many industries struggle through the pandemic for countless reasons, there are hidden profits, a virtual money tree – in the historical supplier payments that will be lost if not identified and captured. …
NEWS FOR IMMEDIATE RELEASE FOR FURTHER INFORMATION: Jennifer Kluge (586) 393-8800 National Association for Business Resources Names Fall 2020 List of Best and Brightest Companies to Work For in the Nation November 12th 2020…
Fraudsters are as creative as ever. Recently, I was told a story of fraud that resulted in more than $750,000 being paid to some very resourceful bad guys. You wouldn’t think this scheme could be…
What is an Accounts Payable Recovery Audit? Quite simply, it is a review of your Accounts Payable historical data for the purpose of identifying and recovering funds paid to your vendors and suppliers resulting from…
More rapidly than anyone would have imagined, the Coronavirus has placed a greater strain on businesses worldwide more than any other natural phenomenon in recent memory. Before it ends, this may turn out to have…
When shopping for a firm to provide Accounts Payable Recovery Audit services, all too often many organizations treat that practice as though they were buying a commodity. Some organizations believe there is little differentiation between…
Vendor databases can go by different names depending on your industry and company: Vendor Master, Supplier Master File, Vendor Management Program. Regardless of the name, an accurate and complete vendor database contributes to operational effectiveness…
Data Analytics; Assimilate, Process, and Report Gathering and reporting pertinent details from disparate ERP systems is a big challenge for many of today’s growing businesses. System upgrades, mergers and acquisitions are three major contributing factors….
What is the primary role of an organization’s Internal Audit Department and how does it differ from a Recovery Audit? The primary function and objective of a company’s Internal Audit Department is to provide independent…
You’ve worked diligently to improve your systems and processes, and now your AP department is efficient, productive, and running like a finely tuned instrument. Excellent! However- are you prepared for trouble? Could you withstand several…
Email has become the communication medium of choice for many of today’s organizations. Gone are the days of the fax machine and snail mail. Those methods of communication were limited in tracking and often hard…
If you are one of a growing number of companies who contract with a third-party firm to perform an Accounts Payable Recovery Audit…Congratulations! You are already one of the smartest companies in your industry. You’re…