Advancements in accounting systems take place every day, but not all your vendors may be taking advantage of them. Your vendors number in the thousands, they employ several types of accounting systems, and not all of these systems communicate with your company's technology. Credits, overpayments, unapplied cash, rebates and duplicate payments age and no longer appear on automated statements your company receives. These accounting miscommunications can lead to hundreds of thousands of your dollars disappearing each month, written off and taken into profit by vendors.
JPD's Vendor Credit Recovery audit searches your vendors' financial records, recovers monies due to you, and clears them off your vendors' books before they are taken into profit. It's an arduous and time-consuming task requiring multiple contacts with your vendors, hours of staff time and manual research. Most companies simply do not have the resources to commit to such an ongoing project.
Let us put our expertise to work for you. |