Freehold, NJ – November 1, 2022 – Strategic Audit Solutions, Inc., a leading provider of Accounts Payable Recovery Audit solutions announces the release of their suite of AP Audit Tools that delivers in-house, professional Accounts Payable Auditing capabilities for all organizations.
The suite of AP Audit Tools includes Statement Wizard®, DupeShield® and The Vault, available through a web-based platform. Users will increase efficiency and identify credits /overpayments in real time, and significantly reduce the fees paid to recovery audit firms. These tools were originally created and used by Strategic Audit Solutions audit teams.
“We recognize that most Accounts Payable professionals are challenged by the volume of transactions that flow through the department and seek to automate many areas of the procure-to-pay transaction cycle” observes Jeff Katz, Chief Operating Officer. “Outsourcing of Recovery Auditing has been a traditional practice to recover overpayments and to assess internal controls. We are empowering AP departments to identify lost funds efficiently and in real time, recovering those dollars in days or weeks, not years.”
Strategic Audit Solutions, an industry leader, provides Accounts Payable/Procure-to-Pay Recovery Auditing services including root cause analysis, nationally. The proprietary software used to conduct elements of these audits is now available as SaaS. Recovered funds will be available sooner, and the identification of process breakdowns and internal control failures are evident in days or weeks, not years as in traditional methods.
About Strategic Audit Solutions
Strategic Audit Solutions provides comprehensive Accounts Payable and Procure-to-Pay Recovery Auditing solutions to health systems nationally. With decades of experience in recovery auditing and process improvement recommendations, SAS recovers financial leakage and identifies root causes to mitigate future financial risk. SAS also offers a suite of AP Audit tools developed by auditors for organizations to perform AP Auditing in-house. For more information, please visit: www.sasrecovery.com/ap-audit-tools/
SAS Insights
AP Recovery Audits- The Essential Guide to Protecting Your Bottom Line
AP Recovery Audits- The Essential Guide to Protecting Your Bottom Line Organizations process millions of transactions annually. Amid this volume, errors are inevitable. Whether it’s duplicate payments, missed credits, or […]
Continue Reading
The Importance of Maintaining a Clean Vendor Master File
The Importance of Maintaining a Clean Vendor Master File The vendor master file is a cornerstone of accounts payable operations and plays a crucial role in maintaining financial integrity and […]
Continue Reading
Mastering Duplicate Payment Prevention
Introduction In the intricate landscape of Accounts Payable, one of the most insidious threats lurking in the shadows is that of duplicate payments. These seemingly innocent errors can have far-reaching […]
Continue Reading
Revolutionizing Accounts Payable: The Rise of AP Audit Tools in the Next Generation of Recovery Auditing
The Accounts Payable (AP) Recovery Audit industry emerged decades ago to address over-payments, over-charges, and accounting errors in medium and large-sized companies. Due to the high volume of transactions, companies […]
Continue Reading