Are you concerned about the accuracy of your company’s accounts payable processes? Do you suspect that you may be losing money due to overpayments, duplicate payments, rebates, pricing or other errors? Organisations and Accounts Payable teams are stretched for resources and don’t have access to the AI technology and solutions that Audit Partnership can provide.

Our accounts payable recovery audit services help identify overpayments to suppliers that can be recovered. By performing a thorough AP recovery audit of your books, we are able to locate billing errors like duplicate payments, incorrect pricing, and unsupported charges with the help of our cutting edge software .

Our proprietary data analytics and technology tools then conduct an accounts payable recovery audit, scanning through millions of records to find hidden overpayments.

Contact us today to learn how our accounts payable recovery audit services can help your business recover overpayments and realise savings.

Duplicate &
Overpayment Audit

Our meticulous historical transaction review uncovers and reclaims overpayments made to suppliers. Our advanced systems and seasoned auditors detect and rectify processing errors swiftly, delivering immediate, bottom-line results.

VAT/Tax
Reviews

We pinpoint and validate all cases of unclaimed or under-claimed VAT/Tax resulting from input errors. After gathering audit documentation, we collaborate with your in-house tax specialist to secure the funds.

Statement
Reviews

We target 100% of your supplier statements, reconciling, scrutinising and recovering any outstanding credit entries. Our Statement DB™ tool efficiently oversees the audit and recovery process, offering comprehensive documentation and supplier agreement backups.

Accounts Payable Fraud & Data Integrity

As the complexity of global accounts payable raises with its potential for fraud. Our Data Integrity Review is your strategic ally, ensuring the health of your accounts payable while minimising exposure to fraudulent activities. Covering your entire spend and supplier master file, this review provides actionable insights for smarter, leaner processes.

Process and Outputs

Comprehensive Checks

Industry-leading algorithms for comprehensive fraud checks

Thorough Analysis

In-depth analysis by a specialist team

In-depth Reports

Clear reports on fraud analysis, supplier file maintenance, data cleansing, and spend analysis

Fraud Analysis

Identifying unusual or potentially fraudulent activities

Supplier File Maintenance

Removing duplicates and inactive suppliers, addressing erroneous entries

Spend Analysis

Tailorable reports on key spend areas by volume, value, and frequency

Benefits

  • Reduced exposure to internal and external fraud
  • Minimised likelihood of duplicate and incorrect payments
  • Easy identification of saving opportunities
  • Proactive management of supply risk
  • Support for supplier compliance
  • Enhanced Accounts Payable control
  • Increased efficiency, saving time and money

Process Improvement

In our pursuit of true partnership, we champion collaborative Process Improvement, ensuring not just correction but prevention of leakage. Built on the foundation of our ISO9001 Quality Management System, committed to continuous improvement, we extend this ethos to empower your success. Our ‘right first time’ approach fortifies processes, featuring

Recommendations and Benefits

Buyer Workshops

Illuminating audit findings and root causes for your commercial teams

Ongoing Claim Leakage & Root Cause Analysis

Pinpointing concerns to minimise future leakage

End of Audit Reporting

Analysing long-term metrics, benchmarked against industry norms

End-to-End Process Review

Holistically assessing the entire process for non-compliance and corrective proposals

Real-Time Audits

Tracking the real-time impact of corrective measures

2424
Million
AP Transactions Reviewed
125
Thousand
Erroneous Payments Identified
82
Thousand
Statements Reconciled

Let us Find your Hidden Profit in the Detail