Maximize Your Cash Flow Through Cost Recovery
Payment errors exist in every organization as a result of accumulated inaccuracies and oversights within transactional systems. Most companies ‘leak’ 0.2% or more of their total spend for $21 billion leaked annually in North America alone. Even where best-in-class and robust systems have been put in place ‘leakage’ often occurs which can add up and represent a significant amount of pure lost profit.
We help companies find and recover these costs.
Disbursements through accounts payable procedures represent among the largest pieces of working capital within an organization and as a result can also represent a significant occurrence of losses.
Scenarios That Can Create Leakage of Costs
Multiple payment systems
Staff turnover and use of temporary workers
ERP changes, updates or consolidation
Following mergers or acquisitions
Inclusive issues related to purchasing and payment processes
Managing high volumes of transactions
High business velocity and daily pressures on departments and staff
Systems and human errors
High Vendor billing and statement inaccuracies
Non-standardized and/or manual processes
We help our clients put the final lessons learned into context and take action to ensure the costs are captured during ongoing and upcoming business operations.
Measuring the impact of the errors against your “whole business”
Strengthen your internal resources and processes
Systems changes based on real examples that support your business methods
Interested in Cost Recovery for Your Business?