Accounts Payable Analysis
Are you confident that your accounts payable procedures are accurate? Are you missing opportunities for discounts, or making incorrect or duplicate payments?
Schenck's accounts payable analysis services may help your business save some money, check the accuracy of your accounts payable transactions, identify possible fraudulent activity within your organization and provide you with peace of mind.
With a simple download of your data into our software tool, we can help you to:
- Identify missed discount opportunities (such as taking advantage of extended terms)
- Identify changes in vendor trends (an increase in payments to certain vendors over a period of time)
- Compare vendor addresses against employee addresses
- Identify duplicate or above-average payments to identify potentially fraudulent disbursements
- Summarize debit memos, helping to identify potential control lapses in the payables process
View a detailed list of tests that may be conducted. The cost for these tests is very reasonable and may be offset if errors or opportunities are identified and corrected.
Please contact Brian Benes at 414-465-5550 for more information.