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Click here to
estimate how much money Connolly can recover for you. |
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Recover More Call +44 (0)1438 741602 to
learn more. |
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 Recovery auditing is a financial best practice recognised by leading companies worldwide as a method for reducing erroneous payments, improving processes, and enhancing performance. Even if an average of 99.9% of all transactions and payments are processed correctly, the small amount of error can quickly add up to a large amount of money. |
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| What would it take for your organisation to generate this amount of revenue? |
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| To directly improve the bottom line, Connolly Consulting will identify and analyse the root cause of financial inefficiencies and recommend changes to reduce future losses. All finance and accounting disclosure practices are reviewed to identify shortcomings that may lead to Sarbanes-Oxley (SOX) compliance issues. Connolly also recommends that firms regularly evaluate their recovery audit provider. As technology and practices change, audit firms must also change to provide the best services to their clients. |
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| It’s a Fact. |
| Payment errors exist in every organisation. Factors that contribute are... |
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| Large Transaction Volumes |
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| Complex Pricing Structures |
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| Multiple Vendors |
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vendor master file inaccuracies, inadequate controls |
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| Business Systems |
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growth (migration from legacy systems, version upgrades) |
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multiple systems that are not fully integrated |
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homegrown and customised systems |
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inadequate controls |
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limited IT support |
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| Company Mergers / Acquisitions / Downsizing |
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| Human Resources |
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employee turnover |
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insufficient training |
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inadequate staffing levels |
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| Process Inefficiencies |
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lack of standardised procedures |
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system limitations or not optimised |
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communication breakdown |
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“exception” transactions |
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