Topic: General Posts
Engaging the services of Profit Recovery Consulting is an effective way for a company to increase profitability with no budget required. Why? Our services are provided on a contingency basis verses paying contractors on an hourly basis with no guarantee of results.
How is Profit Recovered?
§ Decreasing costs by reviewing supplier billings for accuracy against procurement contracts.
§ Increasing revenue by identifying missed customer billings by reviewing invoice history against sales contracts.
§ Verifying that full credit has been received for products and services returned.
§ Reviews of royalties paid or due and sales and use tax audit assessments.
Recent Client Results Delivered:
§ $1.5 million cost reduction by obtaining credits from a temp labor agency for billings.
§ $9M increased revenue for a high tech company by identifying missed customer billings, which were immediately invoiced and collected.
§ $1.0 million charitable contribution overpayment.
§ $250K cost reduction through recovery of credits not received for products returned to a chip manufacturer.
§ $700K cost reduction for sales discounts not passed back to a consumer goods manufacturing client.
§ $5.5M reduction for a Texas sales and use tax audit assessment.
Sample of past clients:
Google, Nike, Hewlett Packard, Apple, Intuit, Equinix, ServiceMaster, and Acella
Profit Recovery Consulting approach is customized to your organization, processes and systems using our proprietary methodology, processes and IT tools. We do not duplicate the work of your internal or external auditors but serve as an added resource to your team. Getting started with Profit Recovery Consulting is as simple as hiring a temporary worker.
There is no budget or headcount risk as we are only paid a percentage of the actual profit recovered. Even if no profit is recovered, we will provide SOX compliant recommendations for improved processes, systems and financial controls.
To Get Started Contact:
Senior Consultant and Principal
(408) 666-1895 mobile
Senior Consultant and Principle