How a profit recovery audit works

• Kick-off meeting to understand your purchasing and payment processes, systems and key suppliers.
• Identification of the data required and the periods to review.
• Signature of a confidentiality agreement.
• Outcome: defined scope and work plan. The diagnostic is free.

• Processing of extracts of invoices, payments, credit notes, contracts and supplier statements.
• Automated data matching, followed by analyst review.
• Confirmation of every case with documentary evidence.
• Outcome: a list of validated cases, with amount and rationale.

• We present the cases and only proceed with those you approve.
• We contact suppliers or the relevant authorities, professionally and discreetly.
• We follow each case through to refund, credit note or offset.
• Outcome: a report of amounts claimed and recovered.

• We identify the root cause of each type of error.
• We recommend practical controls for purchasing, accounts payable and supplier management.
• Optionally, we keep watch with Qrecovr Radar, our continuous monitoring solution.

Extracts (Excel, CSV or ERP exports) of supplier invoices, payments, credit notes, the supplier master file, contracts and price lists and, where relevant, VAT returns and records. No system change is needed.

Data is processed only for the agreed purpose, with access restricted to the project team and under a confidentiality agreement and a data processing agreement. Files provided by the client are stored on Qrecovr's internal server and, at the end of the project, are deleted or returned, as agreed with each client.