Product/Service

Accounts Payable Audit

Source: Business Strategy Inc.
Business Strategy, Inc., an accounts payable and purchasing recovery Audit firm, has revolutionized recovery audits through the use of a unique Discovery interview process, sophisticated technology, and customized audit plans
Business Strategy, Inc., an accounts payable and purchasing recovery Audit firm, has revolutionized recovery audits through the use of a unique Discovery interview process, sophisticated technology, and customized audit plans. This process has enhanced our ability to discover and uncover lost profits that have otherwise gone undetected.

BSI formulates audit programs around "How clients do business". The outcome of this approach is the greatest recovery rates in the industry. BSI fees for performing such an audit are contingent upon the amount recovered. There is no up-front cost!

BSI's process is exceptionally comprehensive, revolving around the seamless integration of talented and knowledgeable people, powerful centralized data processing, proprietary software and best practices. BSI's unique Discovery process allows a thorough analysis of each client's entire procurement, accounts payable systems and procedures. The highly coordinated, team-oriented approach provides a constant flow of information before, during and after the audit.

While the enhancement to the bottom line is important, the in-depth analysis of client processes and procedures allow the insight to provide the most comprehensive and useful Management Report. The Report provides detailed observations regarding process and procedural deficiencies, coupled with concise recommendations that enhance operations.

The claims generated by BSI auditors vary depending upon the industry. With a large number of auditors drawn from a wide range of market segments, BSI has amassed a database of knowledge that clients can draw upon regardless of the industry. Common areas of recovery include:

  • Allowances
  • Statement credits
  • Transportation or freight errors
  • Inaccurate rebate and
  • co-op reimbursement
  • Incorrect cash discounts
  • Duplicate or erroneous payments
  • Anticipation
  • Shortages/non-delivery
  • Opportunity buys
  • Material purchases
  • Price discrepancies Material returns
  • Accounting errors
  • OEM agreements
  • Price overcharges
  • MRO agreements

    Business Strategy Inc., 944 52nd Street SE, Grand Rapids, MN 49508. Tel: 616-257-6339; Fax: 616-261-2066.