Historical Invoice Analysis Service
As part of our setup we input 12 months of historical invoices to populate our system so that we can start checking trends from the very first ‘live’ invoice. This results in an effective free check of twelve months of invoices for errors and possible savings.
We will also analyse historical invoicing earlier than 12 months as an additional service if requested.
Benefits to you:
- No risk – if we don’t find anything, there is no cost.
- Experienced Account Managers – our team are trained and experienced auditors so you can have complete confidence.
- Significant cost recovery – some errors can run into tens or even hundreds of thousands of pounds.
- Minimal Impact – we carry out all of the time consuming parts of the process so there is no effect on our clients’ day-to-day activities.
A few examples of how our service has reaped rewards for clients:
- After validating historical invoices and identifying an error, plus much chasing we obtained a credit of £42,418 for an incorrect available capacity billing error dating back 6 years.
- For a new client, we identified savings of £5,143 when we correctly applied the agreed contract rates on the electricity invoices. This is something that our predecessors missed and clearly should have done.
See many more examples of our successes and savings for clients.