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In addition to serving the world's largest companies, PRG-Schultz works with States, Counties, Municipalities and a variety of non-profit agencies. Since you use fund accounting and have strict budgets, you would think that most overpayments would be detected by your system. While it's true that our recovery probabilities are slightly lower for non-profits than for commercial enterprises, we still find low-occurrence processing errors that circumvent your controls.
With diverse agencies and departments, decentralized invoice approval and non-integrated systems, the possibility of overpayment certainly exists. Long-term suppliers and contractors sometimes treat government agencies and non-profits differently than their commercial clients. The tendency to view taxpayer funds as a never-ending source of revenue can lead to aggressive billing practices by suppliers and vendors. The power of recovery audits to detect and correct these types of errors is attracting attention and action from government officials tasked with making sure every dollar counts. In a recent clarification by the Federal government on OMB Circular A-87, contingency fees are clearly allowed as part of recovered overpayments charged to Federal and state programs.
PRG has experienced auditors and proven methodologies to help you ensure your funds are never wasted on supplier overpayments. We can gather procurement and disbursement data from diverse agencies and departments and merge it into consolidated spending analyses. Our auditors will use this data to identify and recover overpayments, and create benchmarking reports detailing process improvement opportunities. No other recovery firm has our breadth of experience working with government and non-profit agencies. We recovered nearly $60 million for our government clients over the past three years, adding much needed revenue for budget-crunched departments.
For a client reference, please contact us.
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