Cost Recovery Turning Your Accounts Payable Department into a Profit Center [Hardcover]

• Cost Recovery: Turning Your Accounts Payable Department into a Profit Center shows how to identify a company's hidden financial assets.
• It provides tools to assist organizations generate cash recoveries, stop profit leaks, move away from control issues, and work towards process improvements.
• The book shows how to incorporate profit recovery technology, and how to pair a company with a recovery expert best suited to the company's needs to achieve bottom line results.
• The book discusses how to utilize free services offered by cost recovery consultants, using of top money-saving proves improvements, and how to create a plan to maximize recovering technology.

About the Author xiii

Foreword xv

Preface xvii

Acknowledgments xxi

How to Use This Book xxiii

CHAPTER 1 Benefits of Recovery Services 1

U.S. General Accounting Office Report “Recommends” Recovery Auditing 1

Top Benefits of Cost Recovery 2

Top Reasons for Recovery 4

Recovery Estimates—Embrace the Uncertainty 5

When Recovery Becomes Fraud 6

Sarbanes-Oxley Implications 9

CHAPTER 2 Overcoming Obstacles to Getting Recovery Started 15

Overcoming Obstacles to a “No Brainer” Service 15

Why Internal Audit Department Are Sometimes the Worst Resource for Doing Recovery Audits 19

Why Internal Audit Departments Are Truly the Best Resource for Doing Recovery Audits 20

Why Select a Provider for Your First Audit 23

CHAPTER 3 Assessing Opportunities and Risk 25