Maximise savings through recovery auditing
|Event Date/Time: Sep 05, 2012||End Date/Time: Sep 05, 2012|
The recovery audit process involves analysis of data to identify and recover over payments. Over payment to suppliers, transactional errors and even fraud are ongoing business risks regardless of how secure or robust your payment controls are. Recovery audit is essential for good financial practice in this challenging environment as it minimises these risks.
Over $1 billion has been recovered through this process annually on a global scale. As budgets shrink there is an increasing pressure on finding savings fast. It is crucial for you to have a thorough understanding of the process of recovery auditing and determine if this is the optimal strategy for your organisation.
This masterclass will guide you on the recovery audit process and help you prevent 'leakage' of cash in the future. It will help you determine current process deficiencies, and develop and implement the most effective strategy for your organisation to recover any over payments.