We are a data-driven, full-service no cure no pay organization that thoroughly examines all facets of your Accounts Payable data to discover unnecessary payments.
Report. Analyze. Identify. Verify. Recover.
We help you recover lost profits and provide you insights into future AP process improvement. Every company wants to make a well-thought expenditure. But often this is hard to achieve, even with an accounting team on board. This is why Accounts Payable Recovery Audit is an absolute must for every company. SpendLab Recovery specializes in generating missed liquidity for our clients on a no cure, no pay basis. We believe that when you bring amazing people and clever technology together, impactful things happen. Hence, with support from 100+ specialists in the fields of data, accounting, and procurement, SpendLab’s proprietary platform uses over 400 algorithms and helps to centralize a large number of Accounts Payable datasets from numerous financial systems to identify irregularities or findings, recover millions in lost profits and improve future efficiencies and processes.
SpendLab Recovery uses its proprietary platform to identify all potential duplicate/wrong payments, which otherwise would have ended up losing your business millions.
Correct VAT processing is a major challenge for the everyday operations of businesses. Unseen flaws in ERP systems and processes can result in VAT overpayments that could cost your organization millions in lost profit.
The process of reconciling supplier statements tends to be heavily manual, inefficient and time consuming.
In our service balance reconciliation, we request a statement of account from your suppliers.
SpendLab Recovery’s Open Accounts Payable service is the categorization of everything that is open and outstanding in vendor’s accounts payable.
Hans Tuytel, Finance Manager (2020), Blokker
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