Statement Analysis
Profectus' Supplier Statement Analysis reviews monthly supplier statements to ensure that missed credits are booked and overpayments are recovered. Many organisations are aware of financial leakage from unclaimed statement credits but cannot justify allocating scarce resources to the review of statements. This review analyses supplier credits, overpayments or unallocated cash to determine if they are being handled correctly, and to ensure the full benefit of these transactions is being recognised by your organisation.
Profectus has a specialist Vendor Statement Analysis team that:
- applies a highly efficient process to review vendor statements
- verifies and documents any unclaimed credits
- liaises with vendors to solicit statements and gain approval to take up credits
- enhances operational control and performance to ensure missed credits and cash balances are identified and claimed, along with overall compliance
- supports your staff to make input of the credits into your financial system a simple and straightforward task
- Profectus offers success based or fee for service options.