Recover overpayments, overcharges, unclaimed property and cost reductions
With the complexity and speed of today’s business economy, overpayments and overcharges occur including duplicate payments, vendor overpayments, unclaimed property and cost reductions in core business services, on average at a .1 to .5% of spend. CTMI not only recovers savings, we are committed to assisting you in improving your processes to ensure continued savings are secured for years to come.
Accounts Payable Audit
Our AP audit process leverages proprietary technology and algorithms to perform multi-year overpayment reviews that require minimal internal resources. Our system is a highly valuable extension of our clients’ Finance and Accounting departments. We invite you to leverage our expertise to recover savings, identify new and innovative business practices and validate the effectiveness of your internal controls at no risk to you. We promise that if we do not identify and recover money for you, you owe us nothing.
States across America hold billions of dollars in unclaimed property and the burden is on you to proactively investigate and claim your company’s assets. A recovery may take from 30 to 120 days once you involve property jurisdictions and identify proper claim processes. Our consultants, well versed in this process, are adept at digging deep into each state’s records to identify unclaimed property based on entity structure, including predecessor companies, to ensure you reclaim all your property.