The 'life cycle' of any procurement transaction offers many opportunities for payment errors. No matter how refined corporate systems become, the complex nature of today's procurement and accounts payable environments still causes small errors that can add up to 'lost' profits. Data entry mistakes, duplicate payments, missed discounts, overlooked pricing agreements - these small errors can take many forms.

Using proprietary software and proven auditing techniques, PRG-Schultz reviews client invoices, contract terms & conditions, purchase orders, receiving documents, databases, and correspondence to identify lost profits due to overpayments or under-deductions. PRG-Schultz offers you the data mining tools and experienced audit professionals needed to perform a focused, cost-effective review of 100% of your transactions.

PRG-Schultz gathers and reviews all relevant transactional data, researches potential overpayments and provides documentation to validate and collect approved recoveries on your behalf. And we perform it all on a contingency basis - no recovery no fee.

In keeping with the times, our highly experienced auditing professionals leverage world-class information technology resources and proprietary auditing software tools to review more transactions, in greater detail and recover more dollars than ever before.

In addition to bottom-line recoveries in more than 50 potential areas, a PRG-Schultz Payables & Procurement audit provides you with a suite of powerful, interactive management reports that give you insights and information to help improve the systems you use to process your procurement and disbursement transactions accurately. Our comprehensive Disbursement Analysis Report provides you with insights into your key transaction metrics, spending practices, cash flow and vendor management. Our end-of-engagement Narrative Audit Report collects the total results from your audit and gives you detailed observations and recommendations about areas of improvement.

As PRG-Schultz has advanced auditing technology and improved industry methodology, we've also broadened our scope of services, developing specialized recovery auditing services for a range of disbursement areas, including real estate, medical claims, communications, and vendor routing.