Most companies focus their energies on selling products and services to achieve profit opportunities. But did you know your accounts payable system can be just as important to your bottom line?

Key profit opportunities are quickly lost when your payable system issues duplicate checks...is prone to processing errors, over-sights, unrealized discounts, the morass of telecom expenses and gross overcharges in legal fees...or entirely missed vendor price breaks.

Identifying and correcting system problems is only part of the answer. The long-term solution is a series of systematic, in-depth, audits by ProfitSource and its network of Strategic Partners - at absolutely no cost to your company.

We Capture Information Other Audits Miss.

The goal of an external audit is to ensure that your company’s financial statements are presented fairly in accordance with Generally Accepted Accounting Principles (GAAP)...not to uncover problem processes and procedures. An accounts payable audit focuses on your payable methodology to determine whether it is effective and efficient and your transactions are appropriate. We can also look at your overall purchasing process to make sure you are getting the greatest efficiency in your supply chain management.

Is your company benefiting from vendor preferred pricing arrangements? Is your system prone to overpayments due to data entry errors? How do you know you are not being overcharged in Telecom or legal expenses? Is your company taking full advantage of vendor terms and discounts?

Our turn-key approach captures categories of information not normally reviewed by your external auditing team. And our flexible discovery process lets us delve into key problem areas, uncovering trends and tailoring an audit investigation to your specific business needs.