Expense Management Audit
Leading the way with innovative integrated solutions in curtailing corporate expenditures
Most companies process hundreds of invoices, if not thousands, every month. The best of firms can process such volumes at best 95-98% accuracy. According to Industry Experts, this may sound like an acceptable ratio but in terms of dollars, a company that processes 10 million dollars in invoices annually may be needlessly paying out $200,000 to $500,000 that would otherwise translate into bottom-line profits.
GRS’s team of experts will consult, analyze, recover and make recommendations (to mitigate future losses) in any of the following areas where savings can be achieved:
- Duplicate Payments
- Returned Goods not Credited
- Accounting/Clerical Errors
- Discounts/Rebates Missed
- Vendor Credits not Taken
- Vendor Contract Compliance
- Payments made to Wrong Suppliers
- Credit Card Processing
- Pre-Authorized Billing (Rent, Leases, Utilities, etc.)
Our process is designed so as to limit the time and effort required by our client while providing them with concrete results.