What We Do
Disbursement Review, LLC designs and implements accounts
payable recovery programs to recover dollars for our clients on a
contingency-fee basis. Specifically, we.....
- Provide an independent, transaction-level
review of historical disbursement transactions.
- Identify and recover over-payments &
- Quantify the disbursement accuracy rate for
each review period.
- Recommend control enhancements that will reduce future payment
Independent, Transaction-Level Review:
Our Associates will gather the required
electronic data and
"process-knowledge" necessary to support a review of historical
transactions. We will work with a designated person within the client
organization to confirm the scope and timeframe for each project.
Document & Recover:
As recoverable opportunity is identified, we will
obtain vendor approval and supporting documentation. Each recovery will be
presented to our designated contact within your organization. Recoveries
typically fall into the following categories:
- duplicate payments
- wrong vendor payments
- overpayments related to partial returns,
price adjustments, freight
- unprocessed supplier credit memos
As part of the scope definition of our review,
our clients may identify sensitive suppliers that may
require special handling or that may need to be excluded from our review.
Quantify Disbursement Accuracy Rate:
At the conclusion of each project we are able to
quantify your organization's overall disbursement accuracy rate (i.e. Recovered
Dollars divided by Total Dollars Reviewed). We consider this to be an important
internal control metric. The derivation of the disbursement accuracy rate for
each review period provides financial management with a way to monitor the
ongoing performance of the disbursement process.
Recommendations to Improve Controls:
We will prepare a Engagement Summary at the
conclusion of each project. In addition to summarizing recoveries by vendor and
by type, we will provide recommendations to improve controls. Our clients use
this information to provide feedback throughout the organization in an effort to
improve disbursement accuracy.