How Audit Partnership Helps Businesses: Services & Solutions Overview
How Audit Partnership Revolutionises Recovery Audits Audit Partnership is a leading recovery audit service provider who helps businesses across various industries to recover lost profits, reduce revenue leakages, and enhance operational efficiency. With over 20 years of recovery audit experience in the industry, Audit Partnership has established a reputation for delivering exceptional results and driving […]
A Guide to Recovery Audits for Improved Supplier Management
Recovery audits can help organisations identify overpayments to suppliers and recover funds owed. Conducting regular recovery audits and improving supplier management practices based on audit findings can help save money and strengthen relationships with key partners. Let’s explore the guide to Recovery Audits for Improved Supplier Management What is a Recovery Audit? A recovery audit […]
Future Trends in Recovery Audit: Top 5 Predictions
The field of recovery audit is constantly evolving to keep up with changes in business environments and regulations. Understanding emerging future trends in recovery audits is crucial for organisations to enhance their audit processes and outcomes. This blog discusses the top five trends that are likely to shape the future of recovery auditing over the […]
How Does a Recovery Audits Enhance Operational Efficiency
Recovery audits are a process where an independent third party examines billing and payment records to identify erroneous transactions and overpayments. Recovery audits enhance operational efficiency by identifying errors, reducing leakage, and improving processes. Significance of Recovery Audit in Operational Efficiency Recovery audits are important for any organisation looking to enhance operational efficiency. By identifying […]
How to Choose the Right Recovery Audit Services Partner for Retailers
Choosing the right recovery audit services partner is crucial for businesses to maximise revenue recovery, ensure compliance and proactively reduce future errors. This blog will discuss the key factors to evaluate when selecting a partner. Overview on Recovery Audit Services Recovery audit services help retailers identify billing errors and revenue leaks across various business process […]
Top 5 Accounts Payable Trends in 2024
Accounts Payable (AP) teams play a significant role in managing cash flow and vendor relationships for businesses. As technology advances, new trends are emerging in the way AP functions. This blog discusses the top 5 Accounts Payable trends to grow in importance during 2024 and beyond. Top 5 Accounts Payable Trends in 2024 The Accounts […]
What Is Contract Compliance? 10 Best Practices & Its Steps
Contract compliance refers to ensuring adherence to the terms and conditions laid out in a legal contract. It is the process of ensuring all parties involved fulfil their contractual obligations. This article will explore what contract compliance actually means, what best practices are, and why partnering with experts is significant. Understanding Contract Compliance in Detail […]
5 Common Challenges of Profit Recovery Audits
Profit recovery audits are useful methods for companies to identify missed revenue opportunities and recoup losses. However, conducting thorough and effective profit recovery audits also presents several common challenges. In this blog post, we will explore five common challenges of profit recovery audits and provide tips for overcoming them. Overview on Recovery Audits A profit […]
7 Hidden Benefits of AP Recovery Audit
AP recovery audit can help companies uncover hidden savings and ensure payment accuracy. While direct financial recovery is an obvious benefit, there are also lesser-known advantages. In this blog, we will explore the hidden benefits of AP recovery audit program. Overview of Accounts Payable Recovery Audit An accounts payable recovery audit is a process where […]
Introduction to Capture™: Loss Prevention & Accounts Payable Auditing Solution
At Audit Partnership, we’re leaders in independent profit recovery and loss prevention worldwide, driven by a passion for delivering the most flexible and comprehensive services since our inception in 2002. Over the past 19 years, our teams, experienced in navigating existing pre-payment software solutions, identified shortcomings and refined our approach. This led to the creation […]
Our India office just got a makeover!
We are thrilled to reveal our dynamic and invigorating new workspace, meticulously designed to encapsulate the essence of our extraordinary company culture. As you step inside, you’ll be immersed in the vibrant atmosphere resonating with creativity, the steady hum of productivity, and the contagious energy that propels our team forward. [ngg src=”galleries” ids=”2″ display=”imagebrowser” maximum_entity_count=”500″] […]
A Senior Audit Manager’s ‘Top 5’ reasons to plan a Recovery Audit this year
For many organisations, April heralds the start of a new financial year, with a new set of challenges and budgets to manage. A recovery audit can be a great way to maximise income this year, with no upfront costs to budget for. Sarah is one of APL’s Senior Management Team with over 10 years’ experience […]
Best Practice White Paper – Commercial Agreements
APL Best Practice Guide – Robust Commercial Agreements Commercial Agreement, also known as Contract Compliance, or Supplier Funding audits, provide a wealth of opportunities for spend recovery and process improvements for APL’s clients, across all industry sectors. We conduct detailed root cause analysis based on audit outputs specific to each client to really ensure the […]
Experts in Retail Recovery Auditing – Case Study
APL have experience of working with retail clients for over 20 years, to conduct intelligent, data driven recovery audits specifically designed for this complex, fast paced industry. In the below case study we look back over our relationship with one of UK’s largest retailers, to show how APL ensures the recovery audit provision is the […]
Pre-Event Auditing for a Managed Approach to Loss Prevention
Pre-Event Auditing for a Managed Approach to Loss Prevention Profit recovery is changing. The focus on historical recoveries has, over the years, been enhanced by the provision of intelligence led recommendations by industry experts, so organizations can attempt to minimize profit leakage in-house. However, in our fast-paced world, even the most sophisticated systems and robust […]
Social Value – At the heart of our business
From the beginning of 2021 it has become a requirement for all government suppliers to incorporate social value into their contracts in order to “level up” the UK. Delivering impactful social value is at the heart of successful, forward thinking organisations, who seek to promote and inspire positive change in the world. The Government’s social […]
A Low Risk Strategy for Easing Public Sector Budget Concerns
The COVID19 pandemic has hit economies hard around the globe, however arguably the greatest challenge of all is faced by public sector organisations, trying to deliver essential services to their communities with limited budget and resource. A recent article from the BBC included their analysis which suggested nine out of ten councils across England were […]
A New Normal – Emerging Trends in Supplier Account Healthchecks
2020 has been a year which has challenged businesses as no other has before. Organisations across the globe were, more or less simultaneously, required to enact their “worst case” scenario business continuity plans. Grocery retailers large and small saw an unprecedented surge demand, whilst local and national governments worldwide struggled to maintain essential services with […]