The Common Denominator: Inadvertent Errors
Despite advanced supplier invoice processing systems, inadvertent errors lead to overpayments even at highly controlled organizations. Overpayments reduce earnings per share and diminish financial performance.
Identify and recover overpayments that would otherwise remain undetected with SC&H Group’s recovery audit specialists. Perform thorough evaluations of areas of concern as well as less common scenarios identified by our experienced, certified professionals. Our forensic data analysis enables our auditors to quickly isolate overpayments and perform the necessary due diligence on each claim.
- Identify overpayments
- Detect hidden risks
- Resolve unrealized credits
- Recover lost revenue
- Bolster financial performance
Unique among recovery audit firms, SC&H retains experienced personnel with additional certifications such as the Certified Public Accountant, Certified Internal Auditor, or Certified Fraud Examiner. To ensure seamless execution, we provide each client a dedicated engagement team for the duration of the project. In addition to recovering overpayments, receive practical advice to enhance your control processes and prevent future overpayments.
Our global recovery audit experience includes successful engagements in nearly all industries including; technology, wholesale, retail, manufacturing, healthcare, service, oil and gas exploration and production, and transportation.
Leverage our decades of experience to realize higher recovery rates and real solutions that reduce future overpayments.
Highly controlled organizations rely on internal financial systems as accurate and reliable financial account representation. However, internal financial reports are merely a representation of processed transactions. Activity occurring outside of internal systems is much more common than most companies realize. If not periodically reviewed, this oversight leads to significant financial drain.
Statement audits are an effective tool to identify where a partner’s accounting records differ from your organization’s ledger. With proper anomaly analysis, you can identify and recover overpayments, revenue leakage, and other funds belonging to your organization but held by another party.
Thorough Records Review
Missed returns, pricing errors, unrecorded deposits, end of fiscal period prepayments, and many other transactions can occur without proper accounting. Some errors can be found with forensic data analysis, but others are revealed only by reviewing supplier, customer, or business partner accounting records.
Professional Methods & Exceptional Results
SC&H works carefully to ensure that statements are obtained from appropriate business partners in a professional and coordinated manner. Statement requests are also translated into local languages to facilitate global enterprise success. Experienced auditors conduct research and follow up to ensure each claim is thoroughly examined and documented prior to recovery.
By obtaining refunds, often for millions of dollars, our clients benefit from statement audits that enhance performance and foster greater business transparency.