clients say about us.
Our contingency-fee plan offers a self funding mechanism, combined with significant cost recovery savings, we can generate a ROI that will make any CFO pleased.
It’s not about beating the system or avoiding taxes, it’s about getting it right.
With the volume and high velocity at which business is conducted nowadays, a statement audit from RCI can yield big returns.
If you’re a multimillion dollar shipper, RCI can help you save money by claiming all available refunds, and correcting billing errors through continuous invoice auditing.
Through the years some clients have come to us with unique ideas about additional ways to help them, and we can help you too.
Fraud Analysis
Corporate fraud is a reality in today’s marketplace, and it can be destructive to the health and well being of any company which is victimized by it. Some industry experts project that a typical company loses up to 5% of its annual revenue to fraud. At the very least, increased legislation and self governing requirements are driving the need for all organizations to assess their fraud risks.
RCI offers vendor and A/P focused Fraud Analysis to support the internal audit and self assessment process. Specifically designed to identify and evaluate transactions and trends that could signal a problem warranting closer scrutiny. Similar to a periodic health checkup, it will give you peace of mind or point to areas that need attention to ensure future good health. Being proactive through periodic risk assessment can also be a powerful fraud deterrent.
A Fraud Analysis from RCI leverages data mining tools to isolate and report high-risk situations, payment anomalies, unusual transactions and suspicious vendor activity. The final report deliverable includes information and narrative feedback pulled together using predefined and customized algorithms designed to catch fraud. RCI will create several “alert lists” for both vendors and employees, each is sorted so that the most “suspicious” or abnormal entities appearing at the top. Next, the most at-risk vendors are ranked according to their presence on one or more alert-lists and the total dollar amount at risk. All of the alert-lists produced, including a master alert list, are available upon request in various data formats.
Master Alert List
Several alert lists are generated from the data. The master vendor list combines all of the alert lists into a single list and ranking of vendors according to how many different alert lists they appear on, and their total dollar amount. This ranking takes the guess-work out of who to investigate first and why. For example, you may see a vendor at the top of an alert list or two, but if you’ve only paid out $200 to that vendor, they may not warrant concern. To help focus, RCI utilizes weighted factors vs. vendors and total amount paid.
Fees vary from hourly to fixed price depending on your company’s specific needs, and flexible pricing can be structured when combined with an A/P Review.
To learn more or receive information email: info@recaptureconsulting.com