Finance Departments

Inaccuracy in supplier related transactions cost businesses and organisations millions of dollars each year.  In fact, our data shows that all organisations are overpaying at least 5 in every 1000 invoices paid.

Avoid transaction inaccuracy and overpayments with our Accounts Payable Audits.

Compliance Solutions for Finance | Profectus Group: Audit, Compliance and Rebate Deal Management

Here's how we can help...

We make it easy for customers to analyse their transacting risk, understand the risk drivers and to stop the problem occurring again.

STATEMENT AUDITS

If you're an organisation that receives copious supplier statements each month, it's likely that you don't audit every statement due to the laborious nature of the task. Consequentially, supplier credit notes on statements can be easily missed or, if they have been received, simply get placed in the drawer, never to be actioned. Our risk-free Statement Audit capabilities intelligently identifies and recovers unprocessed supplier credits providing our customers greater visibility and control over their supplier credit processes.   

GST AUDIT

GST errors result in under-claimed Input Tax Credits. Typically, these errors go un-noticed unless an independent review of historical transactions is performed. 

DUPLICATE PAYMENT AUDIT

Duplicate payments or overpayments are common when dealing with a significant volume of suppliers. Our risk-free Duplicate Payment & GST Audit capabilities intelligently recover overpayments to suppliers allowing you greater visibility and control over you Accounts Payable processes.

RECOVERY AUDIT OPTIMISATION & PERFORMANCE REPORTING

Don't just take it from us!

In the space of 2-3 months we've identified circa $750,000 that we've banked straight to our bottom line through the work that Profectus have assisted us with. Look, there's nothing sexy about chasing profit - let's call a spade a spade. But when you have that $750,000 hit your bottom line...that is fun!

 

 - Juanique Vorster

Subject Matter Educator | Central Planning, David Jones

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