Accounts Payable Audits

Human error in the procure to pay processes creates billions of dollars per annum of lost value and frustrates relationships. Profectus’ audits and technologies help solve this problem.

  1. Identify and Recover errors – there are 3.5 to 4.5 errors in every 10k transactions
  2. Guaranteed financial benefit with a high ROI and an at-risk fee model
  3. Low input from clients as Profectus does all the work from find to recovery
  4. Transactional level control that complements existing internal and external audits
  5. Profectus’ Audit technology enables live auditing and improves recoveries by up to 36% over traditional recovery auditing
  6. Profectus are experts and the leaders in Australia and NZ

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Get in touch with one of our Audit services experts to learn more about our service and receive a free consultation.

Let Profectus take control of your Accounts Payable errors

Profectus’ Accounts Payable audits accurately detect and recover errors using high tech forensic audit techniques and software, maximising returns to clients’ bottom line. 

Our expert technology-led recovery audit services enable both historical audits and live auditing to prevent human errors.  Our technologies provide the highest standard of data security – ISO 27001.

With 20 years of experience developing compliance technologies for global organisations and delivering AP audits, you can trust our expert team to control your Accounts Payable errors.

Using high-tech forensic audit techniques and software, Profectus audits include:

Duplicate and Overpayments Audits

  • Payment Errors
  • Duplicate & cross entity duplicate payments

GST Audits

  • Incorrect calculation or processing of GST
  • Irregular and complex transactions incorrectly processed
  • GST control accounts incorrectly setup

Supplier Statement Audits

  • Review supplier statements to identify overlooked aged credits
  • Debit balance review

Download our free checklist on 6 most common issues causing Accounts Payable errors

Profectus’ audit technologies deliver ongoing auditing control and historical audits. With our unique software and highly skilled staff, we partner with you to conduct all analysis, verification and supplier liaison.

Get in touch with one of our Audit services experts to learn more about our service and receive a free consultation.