ACCOUNTS PAYABLE RECOVERY AUDIT
Identify and recover payment errors with an Accounts Payable Audit.
FlexTecs’ Accounts Payable Recovery Audit identifies and corrects errors in your AP transactions and processes, recovering lost profit and helping you prevent future financial leakage.
How businesses win big with FlexTecs’ AP Audit
Recover missed credits, overpayments, and more.
Conduct a complete review of vendor payments for errors and vendor statements for open credits.
Retain margin and increase cash flow.
Deeper reviews, faster recoveries, and better mechanisms to enhance your payment integrity.
Elevate financial operations and supplier relationships.
Immediately correct payment errors and reduce the strain on suppliers.
Accounts Payable Audit
FlexTecs works to understand your P2P processes on the deepest level, accelerate the time to resolution, and prevent operational errors.
Duplicate Payment Review
Higher accuracy of detecting duplicates powered by FlexTecs’ proprietary duplicate payment identification methodology and technology.
More comprehensive detection of duplicates by connecting supplier invoice data across multiple systems in your environment (e.g. ERPs or other data input streams)
Root cause feedback that pinpoints the origins of all errors, allowing you to eliminate payment errors and financial leakage at the source.
Foundation to go further than just an audit and prevent errors in real-time with FlexTrap.
Statement Review
Data-informed list of suppliers to audit using forensic-level analysis of your accounts payable and vendor master data.
Collaborative approach to vendor outreach and statement acquisition.
Better supplier compliance rate by fully automating supplier statement requests and submissions with FlexTecs’ advanced statement tool.
Faster review for open credits and more accurate, validated claims + refunds recovered.
Visibility into KPIs with annual and/or quarterly audit reports.
In-depth root cause analysis that pinpoints areas for process improvement.
Rest easy even when unexpected changes arise.
We created FlexTrap to work with your existing ERP and controls to provide comprehensive AP Assurance.
Faster
24/7 global model
With teams spanning across each major time zone, FlexTecs operates on a 24/7 global model for faster reviews and recoveries.
Better
300+ senior-level auditors
With over 300 senior-level auditors, we have the deep experience and deep knowledge that supercharges efficiency and accuracy.
More Coverage
100% vendor coverage
Review on average 300% more vendors than other recovery firms.
“Exceptional results and exceptional work.”
“Exceptional results and exceptional work… FlexTecs easily integrated into our company and truly understood how we do things and how we operate. They are quick to adapt to our complex requirements and specifications and are an outstanding partner. ”
Operations Director | Multinational Technology Enterprise
Turning data into dollars at a rate of 5-6X ROI, our experts do all the heavy lifting so you don’t have to.
Step 1 | Pre-Audit Preparation
Review payment process
Acquire data
Convert + upload data
Step 2 | Claim Generation
Provide sample claims
Focus on efficiency
Robust QC process
Step 3 | Recovery Process
Collection process
Ongoing process improvement
Prevention
Why FlexTecs?
We don’t just identify the problem. We solve it.
Rather than returning the same recoveries year after year, our team inquires deeper and thinks more proactively, connecting the dots of your financial data to retain margin, optimize your financial processes, and improve your profitability.
Flexibility and agility across the globe.
Our expert global production team led by 25+ year-industry professionals know how to recover more money, faster, and more consistently.
Finding the story in your data.
We blend efficient processes, expert teams, and flexible technology to connect and correlate complex data sets that go beyond recoveries, turning data into dollars.
Our Promise
Every day, we’re creating, iterating, and disrupting the recovery audit industry to better serve your business.
Secure
Security is paramount to us. We’re constantly investing in the security of our systems.
High Catch Rates
We perform regular self-audits to ensure we’re maximizing efficiency and effectiveness.
Team of Experts
Get access to a dedicated team of senior-level auditors who apply their decades of experience to elevate your financial processes.
In-House Developers
We have in-house developers who are here to ensure our technology works for our clients — not against them.
Visibility
Get real-time status updates on claims we make via our FlexTrack Claim Management Portal.
Low Payback Rates
We protect your existing vendor relationships by validating claims prior to submission.
