About
XPRO
RECOVERY
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Our Profit Recovery Reviews are conducted with full transparency. We feel that providing visibility throughout the process is essential to the success of the review and to preserving positive relationships between all parties. Not only does it keep your team updated on the results of the review, it allows them to fully understand and monitor the entire process.
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We value relationships.
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We emphasize communication.
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We deliver change
TRANSPARENCY
Valuing vendor relationships
PROFIT RECOVERY OVERVIEW:
Profit Recovery, once known as 'post-audit', is the systematic process of reviewing disbursement transactions and the related supporting data to identify and recover various overpayments to suppliers. Profit Recovery as a financial best practice serves to reduce clients' erroneous payments, improve payment processes, and enhance fiscal performance.
Recovery review involves recouping millions of dollars each year that companies have erroneously paid to suppliers, vendors, and providers. These types of improper payments are endemic to most organizations and can range from .1% to as much as .3% of expenditures.
Daily challenges facing accounts payable departments include such pitfalls as:
• High transaction volumes
• Multiple systems
• Master data inaccuracies
• Product returns
• Keying errors
• Vendor Coding Errors
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As a result, costly transactional errors occur such as duplicate payments to suppliers. Our goal is to identify overpayments and open credits from each vendor's accounts receivable statement ledger using our cloud-based profit recovery platform. Once identified, our platform manages the workflow process to validate, approve, and recover overpayments ensuring a transparent relational experience to bring those dollars back to your bottom line without creating conflict with your vendors.


