Recovery
ProcessEngagement
Methodology
Our engagements generally follow the eight steps outlined in the table below.
Each of these steps is explained in greater detail in the pages that follow.
This section was designed to give prospective clients a basic understanding
of our process.
Our Business Development Associates are available to meet with you in order
to more specifically discuss our methodology as it would relate to your
organization.
| (1)
Engagement
Planning: Initial client meeting
Orientation
Meet interested parties
Scope definition |
(2)
Due Diligence:
Client process review:
Invoice processing
Adjustment processing
Procedures & forms
Archive methodology
|
(3)
Data Acquisition:
Electronic Data:
Payment & PO history
Vendor master file
Paper Data:
Paid invoice files
Procurement files |
| (4)
Data Processing:
Data set mapping
Data conversion
Report generation
Electronic file generation |
(5)
Review Phase:
Statement review
Duplicate payments
Erroneous payments
Payment terms
Contract compliance |
(6)
Recovery Phase:
Complete documentation
Presentation to suppliers
Deduct through A/P |
| (7)Recommendations:
Written report for client
Engagement findings
Process enhancements
|
(8)
Follow Up: Implement enhancements
Schedule future evaluation
|
|
