Accounts Payable Audit

CTMI provides a turnkey solution to identify and correct processing errors that may be occurring in your Accounts Payable system.

This entails a comprehensive review that includes an electronic data analysis, source documents review and assistance in collecting validated claims. Our focus is to provide additional resources to maximize the controls you already have in place.

We adapt each accounts payable audit to meet your specific needs, help you maximize your staff's productivity and boost customer satisfaction. Of course, your records receive the utmost care and complete confidentiality. Throughout our review, we communicate the progress of our work and its benefits to your organization.

You will not be billed for any services until you receive the credit or refund check due you.

1. Identification. CTMI reviews with an emphasis on identification that leads to collection. Because we look beyond the obvious we are able to identify hidden errors, resulting in greater recoveries for you. Our reviews include recommendations that enhance your internal controls and minimize similar occurrences in the future.
    
2. Comprehensive Review. We thoroughly examine all relevant documents and records for the period in question. Our electronic data analysis enables us to quickly and efficiently identify processing errors. Next, we visually inspect documents and records, searching for errors, such as discrepancies between purchase orders and invoices, missed discounts and any other items that "just don't add up." Once we complete our review of your records we validate the claims and submit our findings and recommendations for your approval.
    
3. Collection. Our collection process is the critical link to recovering your money quickly and efficiently. We begin by picking up the phone and establishing a friendly relationship with the appropriate vendor contact. We explain the situation, provide the necessary backup and resolve the issue – in most cases, within minutes. This personal, hands-on approach allows us to preserve and enhance your important vendor relationships.