
"Well run companies don't need RCI's services"
Most
of our customers run very efficient organizations. On average, they are
accurate more than 99.9% of the time. They typically have multiple levels
of review and controls, which catch the vast majority of errors. However,
companies that hire us realize that even small incremental improvements can
dramatically improve bottom line profitability.
RCI
always makes recoveries, often adding up to
hundreds of thousands of dollars. Here's a simple illustration.
Let’s assume your firm is more accurate than the average company and that your
disbursement error rate is .0005 (5/100ths of 1%).
Let’s also assume that you process $100 million in disbursements per
year. This means that over a 3-year period you would have an overpayment
exposure of $150,000.
"We're too busy to utilize RCI's services"
Most
organizations do not overstaff their accounting and finance departments.
At
RCI
, we realize this and know there is little time for
interacting with outside consultants, no matter how impressive the return on
investment.
An
RCI
Disbursement
Documents Review requires less than 1 hour of total client staff
time per week. Please
take a look at our Endorsements page. Our clients consistently agree that
we meet or exceed this primary objective. The experience and
professionalism of
RCI
staff, proprietary
RCI
technology, and unique methodology enable us to make exceptional and efficient
recoveries with minimal interaction with your staff.
"We can do this later"
Since
we're dealing with closed files, it is a natural assumption to believe that a Disbursement Document
Review
can be put off indefinitely. However tax recoveries always have a statute
of limitations. In addition, many firms, especially the larger ones, write
time limitations for overpayment recoveries into sales contracts.
"These trends make it more imperative than ever
that if a company intends to use a payment recovery service, it should be
hired relatively quickly and frequently."
Mary S. Ludwig, Accounts
Payable-a guide to running an efficient dept., John Wiley & Sons, 1998.
Therefore,
there is truly no time like the present to recover lost profits. Every
month that passes increases the likelihood that potential recoveries become
unrecoverable and lost forever. To maximize profits, most Fortune 500 companies
annually review disbursements.
