Myths
Back

 

Recapture Consulting
Services
Why Recapture
Endorsements
Myths
Locations
Philanthropy
Contact Us
Site Search
Contents

"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.