The Richmond Finance Directors forum, held on June 14, 2024, brought together finance leaders from various industries to network and discuss innovative solutions. We presented how recovery audits can help businesses improve margins by catching errors and non-compliance. Here, we share our engaging discussions with attendees and how we made valuable new connections.
About Richmond Finance Directors Forum
The Richmond Finance Directors Forum is a premier event connecting CFOs, finance VPs, and other senior finance executives across industries. The forum is hosted annually and provides a platform for leaders to exchange ideas, learn from each other’s experiences, and explore new ways to optimise finance and procurement.
The 2024 forum was held on June 14th at the renowned Four Seasons Hotel in Richmond. It brought together over 200 finance directors from major organisations to discuss challenges faced and innovative solutions.
A Successful Networking Session by Audit Partnership
Audit Partnership presented how recovery audits can help businesses improve margins at the forum. We explained our focus on delivering better controls, tailored services, and cloud-based solutions that prevent overpayments, capture losses, and recover funds.
We emphasised how, providing cloud-based solutions, services and controls that stop overpayments and identifying profit leakage, can help clients improve their margins by recovering cash back to their businesses. We also discussed how thorough assessments of supplier contracts can help unlock value in source-to-pay from long-term financial agreements.
Recovery audits improve financial results by recovering historical overcharges, facilitating future savings and delivering insights and leverage to reduce costs over time.
We are pleased that participants found us informative and practical. With costs forever rising and expenses growing, every chance to recover losses can have a significant impact. Through wide networking, we had open discussions about the requirements and potential problems of each unique organisation.
The forum was a great success in exchanging perspectives and establishing worthwhile new relationships. Audit Partnership’s focus was to assist finance leaders in investigating recovery audit procedures to improve margins. We anticipate continuing to work together with the new people we met during the event.
Get the Best Recovery Audit Services from Audit Partnership
It is more important than ever to recover lost profits through audits because costs and expenses are growing in many businesses. The recovery audit services offered by Audit Partnership include an extensive review of supplier contracts, continuing payment monitoring, and the detection of overcharges and non-compliance in invoices and contracts.
Our cloud-based tech platform streamlines the audit process for easy reconciliation. A team of experienced analysts thoroughly examines invoices, payments and contracts to catch even the smallest of discrepancies. Audit Partnership also provides customised reporting and dedicated account managers for ongoing support.