Invoice & Service Audits

Save 3% to 7% of Service costs

It is estimated that 80% of utility and service billing statements contain errors. By assessing your business’ past payments, contracts, agreements, and document history, we find savings within the electric, gas, water/sewer, fuel, waste, and tel-com. Auditing your internal and external business relationships and documents, including services contracted out to third-party providers.

Triage Track Description

This Triage Track Team deploys proprietary knowledge, methods, and technology to thoroughly analyze invoices and services for errors, anomalies and inefficiencies in billing. A formal report is provided for remediation. This entails auditing internal and external business relationships and documents, including services contracted out to third-party providers. The scope is centered around utility services and financial services.

PROCESS

Using the invoice data collected, the Triage Team will establish the billing cycles and payment procedures along with a full reconciliation of accounts to locations. The profiling of that data will determine invoices accuracy, payment efficiency and overall reporting capabilities.

This investigation will review:

  • On time bill payment history
  • Invoice payment protocol (electronic verses manual)
  • Prepayment validations:
    – Service & metering continuity
    – Usage & cost variability
    – Demand variability
  • Reporting and overall data management effectiveness

ANALYSIS

Due to the complexity of utility billing structures, an one-time examination of your utility bills can produce significant savings. Our analysts understand the rates and tariffs for every state and work with you to determine the optimal choices while finding errors and obtaining refunds.

Invoice and Service Audits

DAYS FROM DATA RECEIPT TO OPPORTUNITY ANALYSIS

10 DAYS