How PRGX helps category management and merchandising leaders.
What solution are you looking for?
Okay! Check out these core solutions we offer:
…and don’t forget to look through our other resources:
There are two primary types of recovery audit: an accounts payable recovery audit and a retail merchandise recovery audit.
- What is an Accounts Payable Recovery Audit? An accounts payable (AP) recovery audit is the practice of analyzing AP transactions to identify and recover profit that has been lost in the source-to-pay (S2P) cycle due to overpayments, under-deductions, missed discounts and other errors. It’s considered a best practice by the world’s leading companies.
- What is a Retail Merchandise Recovery Audit? A retail merchandise recovery audit is the practice of analyzing retail merchandise transactions to identify and recover profit that has been lost due to erroneous pricing and promotions, missed discounts, under-deductions and other vendor funding miscalculations. As the name suggests, retail merchandise recovery audits are specific to the retail industry.