An accounts payable audit from the right source can help you to recoup a lot of your money. How much money are you throwing away monthly? You will be surprised to learn that depending on the size of your business, it can be in the tens of thousands of dollars!
What is an Accounts Payable Audit?
Every month millions of companies are overpaying their suppliers, vendors and providers. This is not some terrible plot that is used by vendors, suppliers or providers, it is simply, in most cases, an oversight. Automated payments, employee oversight and other situations can cause businesses to leave money behind when making payments. An audit can:
- Unveil where your money is going
- Get your money back
- Keep the same mistakes from happening again
Where is your money going? An audit can help to answer that question. Many times, things like rebates, invoice credits, discounts and more are being ignored. With the right audit you can get your money back quickly and build revenue.
Avoid Future Mistakes
Keeping costs down starts with realizing what is driving costs up in the first place. With the right audit, the information will be delivered in a crystal-clear method. Missing out on great savings in the future will not be an issue in the future. This can be one of the best cost cutting activities.
There is One System
If you choose the wrong system, you can expect a long drawn out process and you can expect it to be an expensive process. Choosing the right system is crucial to getting back the money that you deserve and having the process simplified. Belmero offers the accounts payable recovery option that will get your money back faster, for less.