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Recovery Audit: An Overlooked Cash Lever

Sponsored By PRGX

Topics:
Accounting > Profit & Loss
Budgeting & Planning
Professional Services

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Abstract:
During these ongoing tough times, cash is king and recovery audit is an often overlooked lever to improve cash flows and help strengthen the balance sheet. Finance executives should consider accelerating recovery audits as much as possible and expanding the audit. Traditionally, recovery audit efforts are focused primarily on the merchandise purchase-to-pay transactions. Other types of transactions are excluded from the traditional scope, but represent opportunities to accelerate cash, as well as incremental sources of previously untapped funds. This white paper discusses two approaches to accelerating cash - recovery audit acceleration and scope expansion ý and identifies five recovery audit opportunities that are often overlooked.
DETAILS
Sponsored by:
Released: July 29, 2011
Length: 2 pages
Format: PDF (551 kb)
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