Two short stories:

PRG-Schultz auditors noticed that an ocean carrier was using a newly published rate, while a previously filed rate of about 50% less was still valid. We pointed this out to our client, a leading U.S. military components exporter, and recovered a $600,000 refund for them.

PRG-Schultz auditors once found that a large grocery chain had not received certain discounts owed based on guaranteed pricing arrangements for a commodity purchase. We identified and documented the error, netting our clients an additional $1.2 million in bottom-line profits.

Systems (and the demands we make on them) are growing as payment departments are shrinking. Companies merge, change systems, outsource, and have employee turnover. Centralized processing groups don't always have complete collaboration with the field personnel originating and approving transactions. The global push has spread purchasing and payment departments even farther apart. Procurement and disbursement departments have a hard time collaborating for total pricing and payment accuracy. No matter how up-to-date your systems, payment errors occur and recoveries do have a shelf life, so the longer you wait, the more difficult it is to identify, validate, and recovery them. A no-risk contingency-based audit is the most cost-effective way to recover your lost dollars.

In the course of evaluating billions of transactions for thousands of leading companies around the world, PRG-Schultz has identified over 50 potential areas for overpayment. Things like pricing errors, sales and use tax overpayments, missed rebates, duplicate payments, unprocessed returns. And while technology has made streamlined processes and reduced paper flow, it has created new recovery opportunities due to increased reliance on systems and less human oversight.

We recovered billions of dollars for our clients last year. Contact us today to see how much we could find for you.