Modern Architecture

About
XPRO

RECOVERY

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.

  • We value relationships.

  • We emphasize communication. 

  • We deliver change

TRANSPARENCY

Valuing vendor relationships

COMMUNICATION

Every statement. Every communication. Every document. Every approval. Nothing less.

REPORTING

No waiting or asking for updates. Every notation, document, and answer is at your finger tips whenever you need them.

PROGRESSION

You know where everything stands, at every point through the entire process.

ROOT CAUSE ANALYSIS

We focus on the 'why' because in the end it's what's most important to your controls.

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

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.

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Profit Recovery Simplified 

100% Maximized Returns

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Vendor Management Automated

All-Encompassing Ecosystem 

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Recurring Data Verification

Vendor Master Cleansed

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© 2020 XPRO by SPHEREACCESS

All rights reserved

HOURS OF OPERATION

Mon-Thu: 8AM to 6PM

Friday: 9AM to 4PM

Sat-Sun: Closed

CONTACT US

400 N Ashley Dr, Suite 1775 Tampa,FL 33602


info@xprorecovery.com

Tel: +1 (813) 947-6661