Uncover Hidden Working Capital
Growing and expanding within the utilities industry requires fully optimized operations. We help identify and minimize profit loss, maximize value and mitigate risk in your source-to-pay process using our industry-leading accounts payable recovery audit or supplier contract compliance audit.
Face These Utilities Business Challenges Head-On
Significant Working Capital Requirements
From upgrading aging infrastructure to securing the grid against natural and manmade disasters, we help you identify the steady stream of capital to address your daily operational needs.
Although non-compliance can be a source of major financial loss, combing through supplier contracts to ensure terms of agreement are met is a monumental, ongoing task. We remove the burden of constant contract review, identifying and sealing leaks, leading to improved contract negotiations and vendor relationships.
Ongoing Capex Demands
Since staying ahead of the competition requires investing in ongoing digital transformation, research & development (R&D) and clean energy transitions, a strong cash position is crucial. Our proven audit process digs deep into your data and sources hidden revenue to meet your capex demands.
Accounts Payable Recovery Audit
Outsmart the Spend Cycle
Although untapped value exists within your source-to-pay data, the resources for finding that value are scarce. Common errors like duplicate payments can lead to millions of dollars in lost profit. Our Accounts Payable Recovery Audit helps companies identify and recoup funds across a myriad of settings and prevents the errors from happening again.
Our comprehensive approach reviews all major factors of your accounts payable process, including:
- Escheatment avoidance
- Sales and use tax
Realize Maximum Contract Value
With the significant number of third parties you manage, making sure they fully deliver on contracted terms can be a huge task. Our Contract Compliance Audit services help ensure that your contracts are thorough and effective and that all third parties are performing and invoicing to your negotiated agreements.
Our services cover:
- Price variance
- Labor rates and per diems
- Equipment and materials
- Mark-ups and multipliers
- Profit and overhead
- Negotiated supplier agreements
More Data, More Expertise, More Value
Every day that your source-to-pay cycle isn’t optimized is a missed opportunity to find the resources you need to invest in and grow your business. Our Advanced Analytics combine industry-leading consulting and data expertise with robust tools to rapidly uncover insight and take action to deliver bottom-line results.
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