Financial Audit and Recovery

Companies often employ external consultants to perform financial recovery audits, and while they recover millions of dollars companies also pay heavily year after year for this service. Built upon extensive financial recovery experience, Systech's Audit and Analytics solution offers companies independence from outrageous consulting expenses. Our solution goes a step beyond, with modules that can also identify financial savings opportunities and reduce inefficiency in your process segments. 

Recovery
Systech's Audit and Analytics solution allows your company to analyze accounts payable data, perform your own recovery audits and recover money that you have lost to vendors. Your company can do this analysis in real time and proactively work with vendors to minimize your losses. 

Optimization
Systech's Audit and Analytics solution performs analysis that looks at the unutilized savings opportunities in accounts payable data and allows your company to optimize its processes to realize more savings in future. 

Reengineering
Systech's Audit and Analytics provides process efficiency analysis - your company can use this analysis to reengineer your least efficient process components. 

Financial Recovery Solutions 
Audit and Analytics can look at any company’s financials and propose steps for dramatic profit recovery. Some of the benefits: 

• Find overpayments and under-deductions
• Find duplicate billing by vendor and supplier 
• Find potential for saving / utilizing the payment terms already in place with vendors
• Review vendor and supplier compliance with agreements made with buyers and purchasing 
• Identify and quantify process improvements opportunities 
• Set up systems and procedures review to identify possible exposures