Accounts Payable Recovery Audit

This service is specifically targeted to review your past accounts and procurement transactions in order to ensure that suppliers, and even customers, are conforming to their trading terms and conditions.

The recovery audit identifies overcharging, double billing, under-claimed rebates, tax credits and allowances, contract pricing errors, supplier rebate errors, settlement discounts and non-claimed penalties.

ERA does all the work needed – we analyse the data, isolate and verify errors, prepare back-up paperwork, contact suppliers and recover the funds.

The main benefits to you are: extra profit provided quickly as over-payments are recovered, information on contract compliance, an independent health check on your systems and a clean supplier file.

As with all of ERA’s services we work on a no savings - no fee performance basis. Our fees are charged only on documented recovered costs. So there is no financial risk for you and minimum use of your resources.

ERA conducts most of this detailed work on-premises allowing your staff to continue to focus on their core tasks.

We pride ourselves on protecting client confidentiality and being sensitive to client data integrity.

Once you approve the identified discrepancies ERA liaises with the respective suppliers and customers to recover the revenue as a cheque payable to your organisation or as credit notes using an approach that respects your existing relationships.

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