CONTRACT COMPLIANCE​

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Calling all Executives and Management...
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Are your contracts with your vendors, distributors or channel entities being managed and reviewed regularly? 
Is there often a 'mystery' surrounding unanswered issues?
Would you like to recover money owed your company due to reporting errors, system problems and/or mismanagement of funds?
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We ensure proper contract compliance with vendors, distributors, franchise operations, and other entities that have a fiduciary responsibility to your business. Specialized audits that incorporate data mining skills with audit techniques.

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ACCOUNTS PAYABLE AUDITS

• Duplicate payments
• Overpayments based on contractual rates
• Phantom vendors, employees or invoices
• Inappropriate procurement practices
• Failure to obtain rebates owed to client

  ROYALTY AUDITS

• Poor controls and tabulations resulting in inaccurate royalty payments received
• Misunderstanding of contractual terms impacting the amount of royalty payments received
• Incorrect foreign currency translation

DISTRIBUTION REBATE AUDITS

• Erroneous sell-through data from distributors
• Duplicate rebate submissions
• Black market product sales
• Free product or returned product schemes
• Failure to report credits properly
• Incorrect end-consumer pricing used for rebate calculation

ADVERTISING AGENCY AUDITS

• Billing errors related to failure to meet various volume and frequency requirements
• Rebates and value added commitments
• Prompt Pay discounts
• Production cost allocations without approval

  PRICING AUDITS

• Guaranteed pricing assurance
• True-ups to contract terms
• Two-tiered vendor agreement compliance

  OTHER AREAS OF RECOVERY

• Medical claims (especially self-insured clients)
• Transportation costs
• Employee travel reimbursement expenses
• And more….depending on your business model

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Data Analytics
Internal audit teams need to analyze massive amounts of data and may not have the knowledge or time to adequately analyze data without compromising its integrity.  Using data analytic tools, we help you pool data from disparate sources and analyze the data so you can have complete populations of data for accurate sampling and coverage.  Sometimes audit issues are hidden within the data, and you need to work with an auditor who is experienced with data analysis.

Fraud Investigations
No one wants a fraud to occur, but when it does the internal audit department will be called.  We can help you investigate the fraud and provide solutions to prevent a similar fraud from occurring in the future.  Remember that most frauds have an 'IT' aspect to them, and that is where we excel!  We can help you find the digital footprint.

Customized Solutions
If there are services that you need that you did not find on the website, please do not think we cannot help you.  In most cases we can help you.  We design and develop customized solutions for our clients to meet your needs and expectations.  With that said, we will not provide services that are beyond the scope of our competency, but we will help you identify resources or other options so you needs are met.
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