As part of every Broniec Audit we request statements of account from our clients’ vendors to determine if any open credits are available that were missed.
The statement review process leverages economies of scale that enable efficient masterfile preparation, mailing, sorting, tracking, vendor communication, and resolution.
As part of every statement recovery audit we:
- Employ a multi-tiered communication strategy designed to ensure maximum response from our client’s vendor base.
- Provide complete documentation of overpayments as well as source code for type of overpayment.
- Perform all follow-up work to ensure timely recovery of overpayments.
- Report and present results in the form of quantitative analyses and a written management letter designed to highlight apparent weaknesses and provide recommendations for accounts payable process improvement.