Recover what's yours...

No matter how sophisticated your systems and processes are, duplicate and over-payments to suppliers always occur due to a number of factors, including simple human error caused by the sheer volume of transactions, complex and time consuming authorisation processes and the use of temporary staff.  Even where strict controls are in place, these can minimise but not completely eliminate the risk.

Through our Payment Recovery service we will work with your organisation to identify and ultimately recover inadvertent over-payments.  Without employing scarce internal resources the service will allow you to:

• Quantify the opportunity for the recovery of cash that may have been the result of either inadvertent overpayment or miscalculation of VAT by the supplier.
• Assess the ‘cash recovery' benefit likely to accrue from a recovery initiative (undertaken by Spikes Cavell on a no recovery, no fee basis).

The service will identify and seek to recover overpayments, specifically in the following areas:

• Duplicate Payments
• Overpayments to suppliers
• Payment to the wrong supplier
• Missed or incorrect VAT
• Unprocessed credits
• Input errors
• Refund errors

To find out more about how our Payment Recovery services could benefit your organisation, please contact us.