Your Benefits

Successful companies recognize that A/P recovery audits are cost-effective tools to address the inefficiencies inherent in a fast-paced business environment. Even if your payment systems are 99.9% error-free, the impact of that small error margin can be substantial. Consider this example: If your organization has $300 million in annual accounts payables, just 0.1% of overpayments would amount to a $300,000 loss. Can you imagine the increase in sales needed to compensate for that loss?

Another area of vulnerability for businesses today is employee fraud. The movie Catch Me If You Can chronicles the deeds of identity thief Frank Abagnale and offers a cautionary insider’s tale about how easily businesses are lulled into thinking they know their employees well enough to prevent fraud. But consider these statistics:

• According to the National White Collar Crime Center, approximately two-thirds of employees in a position of financial trust will violate the trust if given an opening.
• Companies that are hit lose about 5.5% of their annual revenue in each instance of white-collar crime.
• Businesses with fewer than 100 employees account for half of the employee theft nationwide; the FBI estimates those businesses lose about $330 billion a year to fraud.
• Tenure and rank increase the odds that someone is stealing. It's not that managers are less honest. They just have more opportunity for theft.
• Companies with anti-fraud measures such as fraud hot lines, internal audits, surprise audits and fraud awareness and ethics training have median losses that are half those at companies without safeguards, according to the Association of Certified Fraud Examiners.*

Through the recovery of overpayments and overcharges and the design of cost-saving solutions RSI will improve your profitability by decreasing your costs and improve your productivity by increasing operational efficiencies and strengthening controls. Our fraud prevention services will add an extra measure of protection for your hard-earned profits.

Additional benefits resulting from our services include:

• Identification of business opportunities
• Reassignment of resources
• Refocus on core competencies
• Increased scalability
• Improved controls
• Reduction in total costs
• Development of benchmark statistics
• Enhancement of systems through identification of underused controls and processes

With a successful RSI audit, your organization will enjoy the benefits of increased revenues and decreased costs in the near term and improved efficiency and safeguards in the long term. All we need to is your willingness to provide us with the opportunity to help you add value to your company.

Contact us today to see what we can do for you.