Our audit services | Profectus Group: Audit, Compliance and Rebate Deal Management

Without automation and compliance, errors are inevitable. Whether it’s momentary attention loss, fatigue, or typos, they might seem insignificant, but they all add up and can have a huge impact on revenue. 

Our Audit services help recover losses caused by these errors and highlight opportunities to improve compliance to mitigate future risk. And the best part? You only pay us a percentage of what we recover, and all we need from you is a simple data export.  

Audit | Profectus Group: Audit, Compliance and Rebate Deal Management

P2P Risk and Error Types

A global McKinsey study on automating source-to-pay processes found that organisations can reduce spend by 2.5%, identifying the key causes of overspend:

  • 2% lack of compliance

  • 0.5% lack of control

Procure to Pay Process | Profectus Group
Accounts Payable Audits | Profectus Group: Audit, Compliance and Rebate Deal Management

Accounts payable audits

Our service covers duplicate and overpayments Audits, GST audits and supplier statement audits.

What the big 4's do

  • Top-down audit approach with random sampling  

  • Tick and flick / rubber stamping 

  • Balance sheets, P&L, and regulatory audits  

  • Report all errors, regardless of the impact to your business 

What we do

  • We find errors in your favour and recover lost revenue  

  • Bottom-up audit approach with granular data interrogation 

  • We use decades of external industry knowledge with raw company data to provide actionable recommendation for your internal audit and compliance strategies 

 

Contract compliance audits

Contract compliance technology that live audits invoice details against contract terms to ensure absolute accuracy.

Contract compliance audits | Profectus Group: Audit, Compliance and Rebate Deal Management
Supplier Audits | Profectus Group: Audit, Compliance and Rebate Deal Management

Supplier Audits

Our services cover Supplier Rebate Terms Audits, Promotional Scans, Trade Income Audits, Short Term Incentive Audits, Straight Income Audits and Pricing Audits.