Author: Aanchal Raisinghani

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 […]

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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 […]

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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 […]

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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 […]

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Audit Partnership at the Richmond Finance Directors Forum

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 […]

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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 […]

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