Merchandise / Terms Audits

Every merchandise, sales, AP transaction and trading term agreement is audited for accuracy.

The Merchandise Audits provide a detailed review of your rebate and deal agreements against claims and transaction data to identify under-claimed rebate and deal income.

The Merchandise Audits will also highlight opportunities to improve your terms.

Merchandise & Terms Audits ROI:

  • Financial inflows
  • Process and system recommendations
  • Opportunities to improve trading terms
  • Extension of Internal audit reach
  • Access to RDM during the audits

The audits provide an understanding of system and process effectiveness and the accuracy of your claim history.

The merchandise audit team offer unique retail expertise together with the RDM technology to deliver superior merchandise audit results.

Clients can use RDM during the audits.

Large Retailer checks all Freight invoices with CC

We have engaged Profectus for over 10 years to provide a full range of compliance audit services including AP audits and Merchandise audits. We needed a solution to manage the checking of all invoices for our 40 Freight vendors to ensure we are not overcharged.

Profectus CCS has automated the cost checking of hundreds of invoices against all contract terms at consignment level including automated invoice capture, cost checking, SAP journal preparation and accrual processes.
Chief Financial OfficerMajor Australian Retailer

Merchandise & Terms Audits

INVOICE LEVEL
Category of Audit
Audit Types
Under Claimed Rebates audit
  • volume rebate
  • distribution and supply chain
  • promotional
  • settlement discount
Under Claimed Allowances Audit & Incorrect Pricing
  • new product display allowances
  • disposal allowance
  • new store allowance
  • stock returns and defective stock allowance
  • catalogue funding
  • scan claims
  • pricing audit - incorrect PO/system cost
  • incorrect invoice cost
Merchandise & Terms Audit Examples