Accounts Payable Recovery Audit Specialists

Off-site, on-time and personalised to your business

Company

The founders of Zennor Associates have over 40 years combined Finance Analytics and Audit Experience.
About us

Accounts Payable Recovery Audit Specialists

In summary, a no risk project aimed at delivering cash to your bottom line, whilst highlighting process inefficiencies in the payables department.
Our Services

FAQ

What is the expected duration of an audit? The audits we perform are completed within approximately 12 weeks.
Our FAQ

The Audit Process

01

Data Collection

Using our propriety technology you upload AP transactional data. If full AP transaction data can’t be provided due to IT constraints, we can determine a target vendor population based on a simple Excel listing of vendor information and total spend.

02

Transaction Review & Vendor Selection

Our team of experts and technology analyse the data to identify errors and overpayments. Your team will have the opportunity to review the proposed vendor population for the audit & make adjustments.

03

Vendor Outreach

We contact the agreed vendor base as you would, using telephone and email, and we are transparent about the nature of our project. All communication is recorded within our web based solution.

04

Audit Review

Vendor statements and transactional data are reviewed by our experienced team and all anomalies are investigated, approved and documented with vendors.

05

Cash Recovery

All claims presented will have been verified as open and available by the vendor. Audit trail provided will allow for an immediate correcting entry in your system (or the initiation of a refund if necessary).

06

Audit summary

At the conclusion of the audit, we provide you with a summary of the audit results along with recommendations for process improvement.

Services

Driving Value to your bottom-line

A/P Analytics

  • Payment to Wrong Supplier
  • Duplicate Payments
  • Incorrect Currency
  • Duplicate Vendors
  • Multiple Systems, Locations

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