£350,000 in savings and recoveries from this AP Recovery Audit

The Challenge

With over 1,300 stores in 16 countries, our customer has been on UK high streets since 1970. Moving the finance department into Head Office, system changes and an over-reliance on spreadsheets highlighted risks the CFO wanted investigating. Disparate systems and data held in silos, made the task more difficult.

The Solution

Two phases of AP Recovery Audits have been delivered, to cover historic transactions and a follow-up after a system migration.

The Results

We generated over £350k in savings and recoveries, helped cleanse and update the vendor master file, and provided insights to the management team pinpointing bottlenecks and where manual interventions were causing process failure and delay. We continue to deliver value for this customer today.