Accounts Payable Recovery Audit Services
Deeper Recovery Audits for Fortune 500s
Recover up to 50% more in lost profits with SC&H. We go beyond standard automation software to recover overpayments and detect hidden risks faster. Our certified public accountants, internal auditors, and fraud examiners leverage deep knowledge of the P2P cycle to boost your bottom line.
- Increase cash flow
- Build long-term ROI
- Strengthen supplier relationships
For Businesses That Want Better Results, Faster
You’re already strapped for time—let us make your life easier. Resolve overpayments and reclaim earnings without disrupting your business, thanks to our team of experienced, certified auditors.
see our process“SC&H is efficient and effective. They know what rocks to look under to recover more savings—rocks that other firms miss.”
– Global Telecommunications Company
Experience the SC&H Difference
Say goodbye to slow, surface-level recoveries. With decades of experience performing recovery audits for Fortune 500 companies, we know how to put more money back in your pocket. And we provide a better client experience than the competition every time.
SC&H
Other Audit Firms
Proactive (preventing future issues)
Reactive (fixing past mistakes)
Experienced CPAs, CIAs, and CFEs
Inexperienced, entry-level staff
100% US-based, in-house auditors
Subcontractors & offshore resources
Salaried auditors who have your best interests in mind
Auditors are paid on commission, so they focus on low-hanging fruit
Recoveries in as little as 30 days
Projects drag on for months
Leverages technology to augment human expertise
Relies on technology as a crutch to replace human judgment
Seamless, Stress-Free Audit Process
Our efficient audit approach empowers your team to stay focused on your business while we uncover millions in savings for you.
Obtain Data and System Access
We conduct a kick-off meeting to discuss your objectives and understand the processes and controls governing your P2P cycle. Then we work with your team to obtain the necessary data and secure read-only system access.
Analyze Payments
Using audit technology and proprietary algorithms, we examine massive data sets to pinpoint potential issues. Then, our auditors investigate the findings and validate overcharges with vendors.
Conduct Vendor Statement Audit
We send automated, customizable forms to your vendors to collect their statements and identify credits missing from your records. Our diligent follow-up typically results in a 90% response rate.
Resolve Issues and Recover Funds
We carefully validate every overpayment and communicate directly with your vendors to confirm the amounts due. Our thorough approach resolves items seamlessly with minimal client or vendor disruption due to claim reversals.
Provide Reporting and Summary of Findings
This will include a summary of recoveries, a root cause analysis, and best practice recommendations to reduce risks, strengthen controls, and optimize your P2P cycle.
Accounts Payable Recovery Audits that Maximize ROI
Strengthen your supplier relationships and uncover millions in lost profits. Our in-depth audits build trust, improve governance, and optimize P2P processes for lasting ROI.
AI-Powered Reporting & Analytics
We build customizable dashboards to visualize recovery trends, provide interactive claim analysis, assist with root cause assessment, and identify opportunities for improvement.
Frequent, Proactive Communication
You’ll never feel left in the dark. We provide weekly updates, answer questions quickly, and provide detailed recovery documentation while operating seamlessly in the background.
Respectful Vendor Negotiations
Your suppliers are important to your business, so they’re important to us. We prioritize collaboration, respect, and transparency to maximize recoveries without compromising relationships.
Recovery Audit FAQs
Accounts Payable recovery audits identify and recover inadvertent overpayments from a company to its vendors. Examples include duplicate payments, erroneous payments, missed discounts and incentives, incorrect sales tax assessed, residual funds on account, and other errors.
Even small errors can add up to significant losses over time that adversely impact earnings. A recovery audit can help you recover these lost profits and improve the efficiency of your P2P function.
Common recoveries include:
- Duplicate payments
- Missed discounts & incentives
- Pricing errors
- Overpayments: Paying more than the invoice amount.
- Sales tax errors
- Unclaimed credits
- Freight errors
- Residual funds on account
The frequency of recovery audits varies depending on the size and complexity of the organization. Some companies conduct audits annually, while others may perform them every two to three years. The largest organizations perform them continuously.
External audit firms bring specialized expertise, advanced tools, and an objective perspective to the audit process. They can often identify discrepancies that internal teams might miss and ensure a thorough and unbiased review.
Yes, recovery audits can help improve vendor relationships by identifying and resolving discrepancies promptly. Clear communication and resolution of payment issues can lead to more transparent and trusting relationships with vendors.
Take the First Step Towards Savings
Connect with our team today to recover more in overpayments and ensure long-term profitability.
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