We evaluate contractual payments towards purchase agreements and assessment of payment inconsistencies. This also includes a review of rebates, allowances, and incentives.
Our audit professionals determine if the same goods or services have been paid for more than once. This includes payment to the incorrect vendor.
We review documentation to determine whether you have received the proper credit for items shipped back to the vendor.
We identify and secure refunds of sales and use tax over-payments. Helping our clients reduce their overall sales and use tax burden in the future.
Our auditors review vendor accounts and check registers for unclaimed property, open checks, and cash on accounts. These funds are often reverted to the state when not reconciled in a timely fashion.
We track returned and explanted items against vendor reports to make sure warranty credits and recall refunds have been properly reconciled.
PCR is a full-service audit recovery firm. We do all the heavy lifting for our clients to ensure a non-intrusive audit experience including identifying, documenting, verifying, and recovering your overpayments. Using our specialized software and our exclusive audit methodology, we deliver the proper combination of technological resources and experienced based intellectual know-how.Read More
Prepare a work flow analysis of your current procurement process to identify any additional areas where funds could be missed, adding them to the overall audit plan.
Provide a detailed list of predetermined file layouts, assisting in extracting data for auditing purposes
Identify and implement efficiencies in your procurement and payment processes that increase profits (without external assistance) ongoing
Pursue claims against current and non-current vendors until payment is received
Create a document that combines best practices and a detailed review of the major audit areas promoting internal processes improvement. Training for the staff involved in implementing our recommendations is also included
Premier Cost Recovery is reliable, fair, and works hard to recover monies you are entitled.
PCR has been easy to work with and also accommodating when they find a claim, that we have already started to work on and knew about it, they take it off their list.
From the get-go, PCR made arrangements to visit us. We were immediately impressed with their professionalism, knowledge, and organized approach. My previous experience with AP auditors was limited to firms that send random questions from off-site. Not PCR… they took the time to understand our processes, vulnerabilities, and key contracts. While on-site, they were self-sufficient and presented ideas to reduce the probability of errors recurring. As a result, not only were we all amazed at the results PCR produced and the expertise that they possessed but were equipped with tools to run a more efficient finance division (procure to pay).
Our hospital changed Group Purchasing Organizations (GPO) last year. GPOs often have over a 1,000 contracts to load after a GPO conversion. To make matters more challenging, we still have a 1994 ERP MMIS. So, the process is very manual and cumbersome. The Supply Chain had loaded many contracts, yet pricing was still a concern. We engaged PCR to audit our pricing due to the hundreds of contracts conversions and the antiquated systems and processes we had. They were super to work with and found many discrepancies. They were true partners in this process and a pleasure to work with these past months. I would highly recommend engaging them for future such projects.