To operate at peak efficiency, many higher education institutions are choosing to partner with Broniec Associates to perform a contingency based, comprehensive accounts payable audit. Our review provides a valuable assessment of your procure to pay processes, while recovering overpaid dollars.
Our experience = Results. Since 1972, Broniec Associates has been providing thorough accounts payable audits for thousands of organizations, including many of the top universities& colleges in the US and Canada. Below are some ways your organization will benefit & gain from a Broniec Audit:
Broniec’s 23 regional offices provide university clients the assurance of local support, whether it’s to review your backup documents or to address your needs. Our local teams are supported by an extensive corporate structure including internal MIS, Recovery, and Statements Departments.
We are one of the leading providers of higher education audits and have consistently delivered value to these clients regardless of size. Northwestern, Michigan State, Temple, Ohio State, Yeshiva, McMasters, University of Toronto, and the University of California are just some of our current clients.
The confidentiality of your data takes priority. We maintain a SOC 2 Type-II Certification attesting to the security of our processes and systems managing client data. We extract data and audit in the settings most comfortable to you. All audit related data is kept on secure servers, and not on auditor laptops.
The Broniec Advantage is clear; organizations that retain us take home more value. From our training programs to the tools and techniques we develop in-house to review your data, we provide peace of mind and confidence in your operations. See how partnering with Broniec Associates will improve all aspects of your AP functions.
Our patented 3-prong approach is based on technology and traditional audit techniques.
o All data covering the scope categories will be analyzed by our proprietary AUDITMAX system to generate a series of exception report for our auditors AND value-added reports that can be useful to you in a masterfile clean-up project.
o We request statements of account from a list of approved vendors selected from your vendor masterfile.
Our deliverables includes:
o Audit results, root cause analyses of errors, and recommendations for process improvement
o Access claim data, status, and supporting documentation
o Value-Added Reports
o Vendor Risk Analysis
o Executive Dashboards
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“Since we first started using Broniec in 2006, we have enjoyed and found great value in your expedited response to our needs before, during and after the audits. Whether it is your auditors, IT or back office personnel, Broniec responds quickly and accurately to our requests.”
– Guy Wilson, Northwestern University