Discrepancies in accounts payable can drain away the hard-won cost savings of enterprise sourcing and procurement teams, and even eat into working capital. This leakage can be substantial, adding up to millions on the bottom line. Cost Recovery & Invoice Auditing services from GEP will help you virtually eliminate this leakage.
We blend advanced data analytics with proactive risk management to help you detect discrepancies in accounts payable, recover costs and prevent future losses. Our holistic approach toward cost recovery ensures that you don’t leave any money on the table.
Unlock More Value
- Identify discrepancies in accounts payable
- Investigate and detect root causes of errors
- Recover overpayments, credits and rebates
- Improve contract compliance and processes
- Prevent future leakages and fraud
We start by developing a comprehensive audit plan based your accounts payable data. Our experts analyze the invoices and vendor statements in scope to identify and validate any cost recovery opportunities. We report the root causes of discrepancies and even help you reconcile and make financial recoveries.
Based on the audit findings, GEP delivers an action plan that optimizes your contracts and payment terms, improves your procure-to-pay process, increases compliance and prevents future leakage.
We leverage our strong expertise in spend analytics and procure-to-pay management to help you unlock more value from your spend, increase savings and reduce the total cost of ownership.