This is the mindset AP Recovery takes when performing a process and procedure review. We will work with you to ensure that all documents are formatted correctly, are warehoused in the appropriate locations in the correct systems and are being adequately reviewed by your team. This will ensure that a standard method for the overall supplier relationship is in place for everyone on your team to follow.
We will confirm that your suppliers are meeting contractual requirements regarding invoicing format and content. We will provide recommendations should any gaps arise. We will also work with your team to develop a standard procedures for every invoice processed for payment.
If you are currently utilizing a three-way match system, our analysts will confirm your internal controls are being conducted as well as ensure that there are no financial considerations you are not currently capturing.
We will review your supplier invoicing and determine if the backup information is sufficient to validate charges. If not we will request and audit the supporting documents.
We will analyze your contracts and will make recommendations for changes that can be made to improve your contractual standing with your suppliers.
