Disbursement and Procurement Reviews

The sheer volume and complexity of the accounts payable and procurement environment often results in payment errors, which can amount to meaningful “lost profits.”  PRG-Schultz detects these errors by performing in-depth analyses of each step of our clients’ transaction processes, from ordering to shipping, receiving, invoicing and payment.  Our specialized professionals perform all activities related to each review, including error detection, claims documentation, presentation of claims for client approval, collection of recoveries, and preparation of the final report.

The features of a PRG-Schultz Disbursement and Procurement review translate into many benefits for our clients, including:

• Highest level of vendor sensitivity maintains clients’ strong vendor relationships through consistent communication and quality controls
• Tailored process meets each client’s specifications and schedule
• Broadest range of recovery categories translates to highest recovery potential
• Superior technology that includes cutting-edge proprietary audit tools, data security and online claims tracking
• Results of each review are analyzed and compared to industry benchmarks
• Management Report that identifies cost containment strategies and process improvement recommendations

Some examples of common claim categories from a Disbursement and Procurement Review:

• Duplicate Payments
• Statement Credits
• Overpayments
• Wrong Vendor Payments
• Missed Discounts
• Purchase Price Variance
• Supplier Billing Errors
• Missed Promotional Allowances
• Advertising Allowances

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