FAQs How much of my employee's time will be required?   A short fact-finding meeting with the Accounts Payable Manager and the Director of Information Systems would be required. The content of these meetings will be to discuss record storage, filing methods, data files, and the contents of those data files. We make every effort to minimize disruption to your staff. Is all information about our company kept confidential?   Absolutely!  We fully understand the sensitivity of your records and market information. We will gladly execute a confidentiality agreement upon request. How much money do you estimate you will find?   This varies widely from industry to industry. Typically, recoveries average 1/10 to 1/5 of a percent of gross revenues. When and how does my company get paid?   We provide claims, including all pertinent supporting documents, to be deducted from remittances to your vendors. We also perform collections on inactive vendors to recover moneys due you. Recoveries from inactive vendors are usually in the form of a check. Why isn't my CPA providing these services?   Typically, CPA's are not reviewing your data at the same level of detail we review your data. We concentrate on details that are usually deemed immaterial by most CPA reviews. How long will the audit take?   Of course, this depends on the volume of information we have to review. Typically, audits are completed within two months.The statement audit is ongoing since vendors routinely and periodically write off credits. We will review vendor statements on a rolling six-month basis. This greatly reduces the potential write off of credits due to your company. What information is required for the audit?   In order to perform a thorough audit, we request access to hard copy information (i.e. invoices, bills of lading, canceled checks, and purchase orders). In addition to hard copy information, copies of your databases greatly enhance the overall impact to your bottom line. We are able to review larger amounts of information more accurately than would be feasible with hard copy alone. How far back do you audit?   If you have not had an audit performed within the last two years, we recommend auditing the last two fiscal years. Once you have been brought current, we recommend the audit be performed on a biannual basis. How can we avoid claims on issues of which we have prior knowledge?   Sensitive vendors and/or unresolved issues are discussed prior to audit commencement. Further, all claims are reviewed with your staff prior to deduction.   What if you find a loophole in our system?   Any time we find a system wide error we will immediately bring it to your attention. We will document the nature of the error and make recommendations to resolve the error. When can I expect a review and recommendations from the audit?   Immediately upon completion of the audit, we will provide an Audit Completion Report. This report contains a summary of the audit findings along with recommendations for potential procedural modifications. The report may also contain recommendations intended to enhance future audits. How much does it cost? Our services are contingency based. We don't get paid unless and until we recover money for you.