What We Do

We bring full transparency to your vendor relations to increase your bottom line from yesterday, today, and tomorrow.

We strive to ensure that our services are based on a full understanding of our clients' needs.

Accounts Payable Audits

The key benefits of accounts payable audits extend beyond the substantial financial recoveries; they also encompass significant operational improvements. It is estimated that for every billion dollars in payables, there can be a million dollars in over-payments. Whether the money we "find" is substantial or relatively modest, the non-financial benefits are equally crucial to the ongoing success of your business.

Operational deficiencies naturally develop over time. Accounts payable departments often face challenges due to departmental changes, evolving technology, organizational growth, or the integration of new branches into the system. These changes can lead to process breakdowns and inefficiencies. Sometimes, it takes a "fresh set of eyes," or an impartial third party, to evaluate this part of the procure-to-pay function, identify weaknesses, and offer effective solutions.

At SKW & Associates, we excel in providing Accounts Payable recovery audits that surpass those offered by other recovery audit services, ensuring client satisfaction. As a specialty boutique firm, we employ a refined, meticulous process that uncovers recoveries where others might find none. Our comprehensive approach not only addresses financial discrepancies but also enhances your operational efficiency, contributing to the overall health and success of your business.

Contract Compliance or Vendor Audits

At SKW & Associates, we are dedicated to assisting our clients in addressing the challenging questions surrounding assumed risk within business relationships posed by key business partners. Our mission extends beyond mere recovery; we aim to save our clients money and enhance their vendor relationships.

We offer a comprehensive, turnkey solution for mitigating risk while maximizing recoveries and future savings. Our approach is flexible and can be customized to meet our clients' unique needs, providing detailed reports and business intelligence upon request.

To ensure the most successful audits, we propose the following methodology with our clients:

Collaborating with our clients to identify which vendors should undergo review and which should be excluded, ensuring a focused and efficient audit process.
Our methodology will update our clients Contract Management system to include any missing iterations of vendor agreements, establishing a complete and accurate record.
Meticulously comparing every line of every transaction within the audit period to the contract, verifying the accuracy of invoices.
In the event of any identified discrepancies, we will discuss the issues with you and recover any funds billed in error.

We pride ourselves on exceeding expectations by merging sophisticated data analysis with traditional, hands-on auditing practices. Our thorough approach ensures that no stone is left unturned, and nothing is left at the audit table, providing our clients with the highest level of assurance and financial benefit.

Expense Management or Real Time Audits

Major capital projects demand significant commitment and investment. These projects often involve complex agreements with numerous vendors, requiring multiple payments, which can compromise internal controls and expose your capital project to unintended financial risks. Your accounts payable department processes thousands of invoices weekly, most of which are error-free. However, the involvement of multiple suppliers and various contract terms can lead to numerous billing errors that may go undetected.

Auditing and reviewing invoices in real-time can prevent these billing errors from occurring in the first place, avoiding the need to retrospectively review several years' worth of billing errors.

SKW & Associates has developed specialized teams with extensive experience in contract compliance and accounts payable recovery. These teams are designed specifically to provide the assurance you need to keep your capital projects free from vendor non-compliance risks. We mobilize our team to complement yours, ensuring that all contractual obligations are met and all commercial terms are realized. Drawing on our team's vast knowledge and skills, we have developed the most comprehensive, efficient, and minimally disruptive recovery system available.

What to Expect - Financial Impact

Hard-dollar savings are typically recognized within the first 30 days.
Significant time savings for your staff.
Low-risk engagement with minimal budget and resource requirements that pays for itself.
Reduced risk and containment of future costs.
Improved supplier relationships and performance for ongoing and future work.

Partnering with SKW & Associates' Expense Management team will mitigate the risk of paying vendors' erroneous invoices, ensuring financial accuracy and operational efficiency for your capital projects

Schedule Your Contingency-Based Audit Today