An accounts payable recovery 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 recovery 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
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 CADAudit make up the core of the Auditec suite of recovery audit & payment accuracy software solutions.