Phone number
+31 (0) 20 570 91 00
Email adress
Info@spendlab.com
Adress
H. W. Sacréstraat 401, Schiphol
Recover what is yours
Identify and recover undue payments by using more than 450 proprietary algorithms, adjust incorrect processed VAT, reclaim missed profits and prevent future risk with a data-driven Accounts Payable Recovery Audit. Recover what is yours!
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Succesfull recovery audits conducted
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Our services
Data driven solutions
Recovery Audit
VAT Analysis
Balance Reconciliation
Dashboarding & Control
Recovery Audit
Accounts Payable Recovery Audit
Every year, organizations lose millions due to undue payments, contractual conditions that are not met, VAT that is incorrectly processed, credit notes not recognized and fraud, among others. However, identifying these risks requires remarkable technology, knowledge and capacity.
Within a data-driven accounts payable recovery audit, undue payments are identified, missed profits are recovered and future risks are reduced.
VAT Analysis
VAT analysis
Correct VAT processing is a major challenge within organizations today. Constant changes around laws and regulatory complexity create risks that are not identified by ERP systems or employees. Undetected flaws in ERP systems and processes can lead to overpayments of VAT that can cost your organization millions. SpendLab analyzes and corrects incorrectly processed VAT as part of the accounts payable recovery audit and helps organizations to comply with VAT obligations.
Balance Reconciliation
Balance Reconciliation
Balance reconciliations with suppliers are often done manually, are inefficient and time-consuming. With limited technological resources and large volumes of invoices, balances reconciliation with suppliers is often neglected and is only tested by sampling the top group of suppliers. However, evidence shows that most errors occur in the tail spend. That is where SpendLab´s capabilities come in. We identify subtle differences between (outstanding) balances and correct them within the accounts payable recovery audit.
Dashboarding & Control
Dashboarding & Control
We regularly receive the question from our clients whether we can continue to perform periodic analyses on outgoing payments. This need for ongoing insights and analyses has driven us to develop a 24/7 available and interactive dashboard – SpendProof. Through four periodic analyses per year, we offer organizations the opportunity to be in full control of all outgoing cash flows.
How we helped others
Case studies
Clients matter to us. Read here how our recovery audits make it possible to identify uncredited payments, recover missed liquidity and reduce future payment risks.
"We noticed that there was pressure on our margins. Therefore, we got in touch with SpendLab. Their service really appealed to us because they wanted to take care of an assignment on a no cure, no pay basis. The presented-and personal approach convinced us to carry out a recovery audit together."
"SpendLab is a no-nonsense organization that is a bit stubborn. SpendLab has delivered what was promised: a strong improvement in its client's performance. Within our organization the awareness has grown that by effective procurement you can greatly reduce your costs and thus increase your returns. SpendLab has shown us the power of procurement!"
"A great collaboration, with SpendLab operating independently and very professionally. It has provided us with great insights into our accounts payable and recovered a great amount of missed profits.
"The findings from the recovery audit have not only led to an attractive cash-in, they also gave us additional insights into internal improvement areas in the area of administrative organization and internal control."
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