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Recovery Solutions
Recovery Solutions
Recovery Solutions
Recovery Solutions
Recovery Solutions

Contact Us

For a risk-free, no-obligation discussion of how RSI's services can meet your cost recovery needs, please submit the form below or simply give us a call at   281-776-9407.

 
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Case Studies

 

 

Scenario - Entertainment Company

An entertainment company requested a recovery audit of its A/P and sales/use tax departments. The company had grown through more than 60 mergers and acquisitions of smaller companies located in multiple states. The company was under audit by the state of California for sales/use tax.

Action

Recovery+Solutions analyzed the client's A/P processes and procedures through hard copy purchase documentation, electronic download of its A/P history and purchase order information. We also performed an extensive manual audit of all underlying A/P documents.

Results

Our manual review identified overpayments not found within the data, including overpaid taxes to multiple states. We reduced the client's state taxes by more than $600,000 and yielded an additional $2.5 million in recovered monies. The client also received recommendations designed to minimize future A/P overpayments and assistance with the completion and delivery of exemption and resale certificates to reduce the overpayment of erroneous taxes.

Scenario - Teleproduction Company

A teleproduction company in Los Angeles had a vendor file with two paid invoices for an equipment maintenance policy. There were no additional documentation.

Action

Prior to contacting the vendor, we discussed the issue with the client to obtain permission and additional documentation.

Results

Recovery+Solutions confirmed that the policy was never executed and recovered $124,571.

Scenario - Manufacturing Company

A manufacturing company had a prior recovery electronic audit resulting in recoveries of approximately $40,000.

Action

Recovery+Solutions conducted a comprehensive secondary audit for this client using both electronic and manual methods.

Results

The secondary audit recovered approximately $1.8 million missed by the previous firm.

Scenario - Oil & Gas Company

An oil & gas midstream and upstream company had two prior recovery audits (A/P & sales/use tax), resulting in recoveries of approximately $300,000.

Action

Recovery+Solutions conducted a comprehensive secondary audit for this client using both electronic and manual methods.

Results

The secondary audit recovered an additional $2 million overlooked by the other auditors.

 
 

Contact Us

Recovery+Solutions, Inc.

2035 FM 359, Suite E
Richmond, TX 77406


Phone Phone: (281) 776-9407
Fax Fax: (281) 776-0001
Email Email: Greg@recovery-solutions.net