A profit recovery audit, sometimes referred to as an accounts payable (AP) recovery audit, can seem akin to exercise. You know it is good for you, but it can be hard to commit, and the benefits are not always immediately apparent.
From the standpoint of a senior finance executive, the purpose of a profit recovery audit is to root out the causes of financial leakage.
However, top-level management sometimes mistakenly views invisible financial leakage as the “cost of doing business.” It doesn’t have to be that way.
Download the following whitepaper to uncover the hidden benefits of profit recovery audits, some of the challenges, and best practices for transforming this critical function.