Accounts Payable Recovery Audit

Get the most out of your financial data. Identify and recover undue payments, correct incorrectly processed VAT, reclaim missed profits and reduce future risks with a data-driven accounts payable recovery audit.

What is an accounts payable recovery audit?

An accounts payable recovery audit helps your organization with identifying and recovering risks and undue payments within all outgoing cash flows.

Do you recognize the following?

The challenge

Do you regularly receive unknown payments from suppliers into your bank account? Are deliveries double-invoiced and are corrections not always processed? Are the margins on projects negative and does it turn out that too much money has been paid? Are you sure that your organization has no double payments due to the large volume of invoices?

Every year, organizations lose millions due to undue payments within outgoing cash flows. Experience has shown that regardless of defined internal procedures, policies and developments within ERP systems, no organization has yet proved to be impeccable.

We identify the following

The risks

There are risks involved within all outgoing payments of an organization.

Based on more than 2,550 successful accounts payable recovery audits, our proprietary platform and its ongoing development, there are now over 450 in-house developed algorithms that structurally identify the following risks:

Some examples

11 risks that influence the purchase-to-pay process

  • Purchase invoices received in both hard copy and digitally
  • A contaminated accounts payable vendor master file
  • Multiple approvers within the purchase-to-pay process that cause payment delays
  • Implementation of new financial software ERP
  • Organizational changes such as mergers, acquisitions and reorganizations
  • Staff changes within the organization, internal turnover and temporary hiring of third parties
  • Functional and process changes within the purchase-to-pay process (P2P)
  • Urgent payments or direct debits
  • Both pro-forma invoices and final invoices that are paid
  • Suppliers sending the same invoices multiple times
  • Lack of knowledge regarding the application of correct VAT rates

End-to-end solution

By using more than 450 in-house developed algorithms within the recovery audit, we analyze your organization’s accounts payable data and identify risks that can be recovered – up to 5% of your total expenditure.

The combination of technology and expertise ensures that our auditors analyze large volumes of data and identify risks quickly and effectively. With minimal effort on your side.

We help your organization to identify and recover risks and undue payments, gain full control over all outgoing cash flows and reduce payment risks within the purchase-to-pay process.

Missed profits from supplier and administrative errors that would otherwise remain hidden can now be used effectively elsewhere in the organization.

What is in it for your organization?

The benefits

Identification and recovery of undue payments

Correction and recovery of incorrectly processed VAT

Advanced risk detection based on more than 450 algorithms

Full insight into all outgoing cash flows

24/7 access to your own Client Portal

Wondering what we can do for your organization?

Sign up for a demo

Find out all about our services

Schedule a meeting

By submitting the details below, you are requesting a meeting. In this meeting, you will learn how an accounts payable recovery audit ensures that you gain full insight and control over all outgoing cash flows.

We always try to contact you within the next 24 hours.

Find out all about our services

Request a demo

By submitting the details below, you are requesting a meeting. In this meeting, you will learn how an accounts payable recovery audit ensures that you gain full insight and control over all outgoing cash flows.

We always try to contact you within the next 24 hours.

Kom alles te weten

Plan een gesprek in

Door onderstaande gegevens aan te leveren vraagt u een gesprek aan. In dit gesprek komt u alles te weten over hoe een accounts payable recovery audit ervoor zorgt dat u volledig inzicht én controle krijgt over alle uitgaande geldstromen.

Wij zullen uiterlijk binnen 24 uur contact met u opnemen.