Service Introduction
Profit recovery involves the concentrated examination of Accounts Payable and Expense Payable files on a contingency basis. The files under review are vendor payments, contracts, leases, freight bills, purchase orders, master terms, and all related computer records. Profit Recovery audit companies provide claim detail and pursue collection from the vendors with the cooperation of the client. A category breakdown of the claims is provided at the end of the audit.
Why is Advanced Profit Services Unique?
In addition to providing the highest quality profit recovery examination, we also provide consulting on internal audit procedures and departmental controls. Within our final package, we include re-engineering ideas, information on trade customs, computerized analysis of audit results, category charts, and outline describing the current departmental flow, and systems analysis. Advanced Profit auditors handle all correspondence and negotiations and do not require client assistance. Profit Recovery training and seminars also available.
We use the most advanced technology available in the market place to examine your computer files. We have our own software that is used to identify duplicate payments, erroneous payments, advertising, rebates, lost discounts, shipping errors, cost differences, returns, freight, etc. Advanced Profit Services provides all of this at no cost to you. We only invoice the client for the claims collected. In addition, we offer a lower contingency rate for clients that sign multiple year contracts.