An accounts payable audit is the process of identifying, documenting, and recovering overpayments and open credits that occur in the accounts payable process. These result from numerous errors that exist in the payables process of every large organization.
A contract compliance audit is the process of identifying and recovering overbillings that stem from supplier non-compliance with agreed-upon contractual terms. Typically, contract compliance recovery audits are performed on indirect and/or non-merchandise suppliers.
A construction audit is a review of the various components of a construction project or projects focused on ensuring that contract terms are being followed and that contractors and/or subcontractors are operating appropriately. This specialized contract compliance audit service is utilized to keep construction costs in line.
Auditec offers a broad array of software solutions that assist in both the process of identifying audit claims and preventing overpayments from occurring. ClaimsWeb, InQuery, and RecoverEase make up the core of the Auditec suite of recovery audit & payment accuracy software solutions. These solutions can act as a compliment to an organiza
Auditec offers a broad array of software solutions that assist in both the process of identifying audit claims and preventing overpayments from occurring. ClaimsWeb, InQuery, and RecoverEase make up the core of the Auditec suite of recovery audit & payment accuracy software solutions. These solutions can act as a compliment to an organizations accounts payable audit and contract compliance audit efforts.
"I very much appreciate our partnership with Auditec… (Auditec) does great work for us and, honestly, is helping us understand how things are going."
- Director GNFR Contract Compliance Audit , Walmart
"Overall, I trust (Auditec's) professionalism and trust (them) to represent Crestone in a way that is consistent with how we treat our vendors. Respectful. With Integrity. Having that professionalism is really important."
- Sourcing Manager, Crestone Peak Resources
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