Accounts payable departments process hundreds of thousands of invoices annually, most without error. Unfortunately, supplier billing practices, incomplete or inaccurate invoices and challenges with ERP controls contribute to duplicate payments, overpayments and other errors. While the total number of occurrences is small on a percentage basis, the aggregate loss can be significant. Revenew’s unique methodology enables us to explore and recover transaction and contract losses – consistently delivering greater detection and recovery than can be achieved in-house or by other firms.

Corporate Experience with Cost Recovery Audits

Revenew specializes in companies with complex Accounts Payable systems. Our audit team members have considerable experience working as accounts payable managers for large Fortune 100 companies. Based on their “insider” knowledge of a corporation’s structure, we developed the most comprehensive, efficient and minimally-intrusive recovery system available.

"Revenew's initial vendor audit was more than double the previous highest recovery amount on an Accounts Payable audit ever performed here."

Proprietary Software Yields Unparalled Results

Our proprietary software and methodology contribute to the unparalleled Accounts Payable audit results that we’re able to achieve. We developed our VERIPRO software and continually customize it to address client transaction types and vendor bases. While most firms run 10 to 15 tests on your data, our programs perform over 40 tests, with 70 root cause analyses.