Accounts Payable (AP) Recovery Audit Services Reviews and Ratings

What are Accounts Payable (AP) Recovery Audit Services?

Accounts Payable (AP) recovery audit services focus on analyzing a company's AP transactions to identify and recover funds that were erroneously paid out. These services scrutinize past payments to detect issues such as duplicate payments, overpayments, missed discounts, unclaimed credit notes, and errors in payment terms. The primary aim is to recover these lost funds and return them to the business. Additionally, AP recovery audits provide insights into the root causes of these discrepancies. By identifying these underlying issues, businesses can improve their internal controls, enhance the efficiency of their AP processes, streamline vendor relationships and reduce the likelihood of similar financial errors occurring in the future. These audits are crucial for maintaining financial integrity and can lead to significant cost savings for organizations.

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Deloitte is a multinational entity that incorporates several independent firms on a global scale, each one serving their clients' growth and success areas. The main aim is to provide sound and professional guidance resulting in their clients emerging as the frontrunners of their respective domains. The parent entity, Deloitte Touche Tohmatsu Limited, is the overseer of this vast network of member firms spread worldwide, though each firm retains its legal autonomy. The diversity of the talent housed in Deloitte is channelized to deliver optimal solutions tailored to their clients' specific needs. The onus is put on businesses and individuals to seek professional advice before making decisions affecting their financials. Deloitte's offerings are general and do not serve as professional advice targeted for unique cases. Their ultimate goal is to utilize the wealth of knowledge at disposal for the betterment of their clients and the collective society, resulting in a robust organization.

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apexanalytix, a company primarily focused on technology and audit services aims to facilitate its customers in managing, monitoring, and innovating in their supplier relationships and transactions. The company's ethos revolves around prioritizing performance, respect, and candor. Apexanalytix holds a respected position in the realm of recovery audit, attributable to its advanced analytics and the introduction of firststrike, an overpayment and fraud prevention software. Additionally, it is a pioneer in supplier management innovation with tools such as apexportal and smartvm. These are widely used for supplier onboarding and compliant master data management in global procure to pay processes. Furthermore, apexanalytix has a diverse team of experienced associates spread across various key global markets who work cohesively to deliver the ultimate supplier management experience.

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Xelix is an enterprise SaaS company offering an AI-powered Control Centre for Accounts Payable teams. Xelix work with some of the largest global companies to automate and enhance their financial control processes. The Xelix cloud-solution sits alongside existing systems and provides a suite of products including overpayment and fraud prevention, master data management, automated supplier statement reconciliation, intelligent mailbox management and predictive analytics.

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Glantus is a business primarily focused on unlocking the hidden potential within Accounts Payable organizations to enhance real-time performance and profitability. Their mission circles around creating a conducive environment for employees to perform optimally in their respective companies. Glantus offers comprehensive, user-friendly AP solutions that can be integrated into existing systems, thereby reducing cost and simplifying processes, while simultaneously opening up new avenues for revenue generation. These solutions, in turn, allow AP professionals and resources the freedom to innovate. The company has a global reach with its solutions being employed in numerous, complex companies all over the world. Glantus is driven by data, insight and a team full of individuals passionate about progress.

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PRGX is a data management company that analyzes source-to-pay (S2P) data to provide insights on profit recovery, contract management, and margin expansion for global enterprises. PRGX specializes in Recovery Audits, Contract Compliance, S2P Analytics, Retail Data Transformation, Procurement + Spend Management, Merchandise Optimization, Payment Analytics, Spend Analytics, Big Data, Profit Recovery, Contract Audits, and improving Supplier Relationships.

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