Expense Management Issues
Facts
- On average 10% of Expenses are billed in error
- Approximately 85% of bills are paid in full un-audited
- A majority of the errors favor the vendors
- Staff spends 20% of the time identifying issues and 80% of the time resolving them
The Solution: Expense Management
- 100% Independent verification and validation
- Comprehensive Spend analysis
- Identification of significant cost savings and cost avoidances
- Improvement of forecasting and budget capabilities
- Increased productivity and ability to benchmark services used
- Proactive management of ongoing utilization and vendor billings
- Compliance to Sarbanes/Oxley and Section 404 in establishing the necessary ongoing internal controls
Expense Management
Spend Analysis
