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Recovery Audit for Finance Professionals

Money gets lost. It’s a cost of doing business. We’re all human. Systems aren’t foolproof, errors get missed and lost money adds up.

Our experts have the tools, tech and know-how to dive into the data, recover any lost money, and help maintain your professional reputation. No money found? No fee.

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Gartner Cool Vendor 2020

“Finance professionals who are looking for savings opportunities or insights to drive process efficiencies should consider Barcanet." Gartner

Features of our Recovery Audit service

  • We do all the heavy lifting quickly, discreetly and focussed on you
  • Proprietary software employs sophisticated algorithms to uncover errors
  • Statement service finds unallocated cash or outstanding credits not applied
  • We report system and process flaws to improve your operational efficiency
  • Prevent future leakage by helping you fix issues so they don't repeat themselves
  • Flexible invoicing and payments to meet your business requirements
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The benefits of working with us

  • Experienced, UK based audit specialists
  • Expertise across multiple categories and audit types
  • We work in harmony with your business - we're collaborative, reliable and discreet
  • Minimise your time but remain in control
  • Demonstrate the finance team is being transparent to the business
  • No Win No Fee - we put our money where our mouth is

Why trust us?

There are lots of reasons. But we like to let our results and our customers do the talking...

229

Completed projects (and counting)

4

When ROI is achieved (in months)

£51M

Savings & efficiencies

53

Happy customers

£59B

Data being analysed

A few things our clients say about us.

The team at Barcanet are friendly, upfront and transparent. Using insights from our wide range of data sources, they spotted payment errors which has saved us lota of money. We would definitely recommend Barcanet - they get the job done without fuss.

CFOLeading Highstreet and Online Retailer

Having heard of his past tech successes, I've recently been fortunate to work directly with Ian. Not just as a client, but a partner. He took the time to understand the business. Within six months created an action plan to drive £1m of savings and provide solutions for tighter control.

Finance DirectorInternational Arts Publisher

We use Barcanet to simplify our data, analyse costs and unearth insights. The Barcanet team is especially useful at collecting and manipulating together the different formats of data.

Finance DirectorMajor UK Airport

£2.6m in savings and recoveries from AP Recovery Audit

Problem
Our client, operating in 16 countries with over 1,300 stores since 1970, faced challenges with their finance department. They moved the function into head office, undertook a system change and had an over-reliance on spreadsheets. The company's CFO wanted to investigate further, but their task was complicated by systems that didn't communicate with each other and data held in silos throughout the organisation.

Solution
We have successfully implemented two phases of AP Recovery Audits, dealing with historical transactions and subsequent system migration. Moreover, we have completed two thorough supplier statement reviews across production and non-production suppliers.

Results
Our interventions led to over £2.6m in savings and recovered spend, along with the updating and cleansing of the supplier master file. Furthermore, our analysis provided the leadership team with valuable insights, such as identifying bottlenecks and areas where manual intervention were causing inefficiencies and delays in the company's processes. We continue to provide financial and operational value to this customer.

Book a demo and let's talk about how we can help

Their attitude and approach has been superb.

Paul Jenkinson, Procurement Director, Caprice Holdings

You're in good company

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