Many global enterprises have consolidated their transactional services under one roof. While linking different processes and AP teams can improve efficiency, it can also create drawbacks:
“The Transparent team is trustworthy and cares about our success. They continuously share progress reports and support the further development of our P2P process.”
“Transparent has been instrumental in helping us gain valuable insights from our data. Their accounts payable recovery audit service has helped us identify and correct past errors, and triggered organisational improvements to prevent future cases, significantly improving our Accounts Payable controls. Thanks to Transparent, we now have better control over the credit note recovery process and an enhanced visibility over these flows.”
“Supplier statement reconciliation used to be complex and time-consuming for us. With Transparent handling this, we can now focus our AP resources on core activities. Their experienced expert team does most of the heavy lifting, minimizing our involvement. Transparent’s findings helped us improve our internal processes that led to duplicate payments in the past. We appreciate Transparent’s independence, quick and easy implementation, and disproportionately rewarding results.”
“Transparent has proven to be a valued business partner for Edgewell’s Global Business Services. Starting with accounts payable post-audits, they have expanded their support to unclaimed property and vendor statement reconciliation, providing valuable insight, personalized solutions and exceptional support. My advice to anyone considering Transparent is to build your relationship on collaboration, trust and shared goals. Explore Transparent’s range of services to improve your business performance and ease the burden on your team.”
“The project results exceeded our expectations, especially in comparison to our experiences with other providers in the past. As a result, we were able to implement various process improvements.”
“Transparent recovered erroneous payments and identified weaknesses in our AP processes. The team was very supportive and pleasant to work with.”
“Transparent’s AP audit is a valuable control tool. It goes beyond simply checking supplier payments and offers several benefits, such as an improved ability for Old Mutual to recover funds and additional insight into our existing processes. Partnering with Transparent has been a positive, professional and productive experience, characterized by good performance and clear communication.”
Find everything you need to know about our accounts payable (AP) recovery audits.
While process mining provides valuable insights into your AP process’s efficiency and suggests areas for optimization, it doesn’t uncover past errors or recover lost funds. AP recovery audit, on the other hand, delves into historical data to identify and rectify past overpayments, offering both correction of past issues and insights for future improvements.
We bring over 20 years of audit experience to everything we do – from our technology to our people. We don’t just find discrepancies; we also actively work with vendors to recover your funds. Our approach goes beyond confirmation; it’s about improving the accuracy and effectiveness of your P2P process, data, and controls.
We only require the necessary data to conduct a comprehensive analysis: your supplier and transactional data. Our team will guide you through every step and ensure a smooth and efficient process.
Security is at the heart of what we do. We achieve this through SOC2 Type II compliance and robust security measures within our Azure environments, including 24/7 Managed Detection and Response, GDPR compliance, and comprehensive Microsoft Defender modules.
We will not outsource your data – any information we handle stays within our clients’ respective regions. Access is exclusively done via Azure Virtual Desktop, with multi-factor authentication, SQL Server encryption, strict data segregation, and encrypted portals for all data transactions. Our data security team is always available if you need a deeper insight into our security protocols.
Our method is lean, smooth, and safe every step of the way. We show you how to extract the necessary tables from your ERP system and upload them securely to our platform. Our IT team will support you to ensure a seamless and secure data transfer. Alternatively, we can also extract the data ourselves if you provide the necessary permissions.
Security is at the heart of what we do. We achieve this through SOC2 Type II compliance and robust security measures within our Azure environments, including 24/7 Managed Detection and Response, GDPR compliance, and comprehensive Microsoft Defender modules.
We will not outsource your data – any information we handle stays within our clients’ respective regions. Access is exclusively via Azure Virtual Desktop, with multi-factor authentication, SQL Server encryption, strict data segregation, and encrypted portals for all data transactions. Our security team is always available if you need a deeper insight into our security protocols.
Our process is able to manage data from all ERP systems. We standardize, consolidate, and normalize this data for a uniform analysis, thus optimizing the effectiveness of the audit.
We do not require direct access to your systems or the installation of software for data extraction. If you would like us to do the data extraction for you, we are happy to do so. In this case, we need access to the required tables in your ERP system so that we can download the data. For the audit verification and investigation phases, we may require read-only access to your ERP system to enable a comprehensive and non-intrusive audit.
Our AP recovery audit is supported by proprietary software, with the Transparent Client Portal serving as the hub for all communications, providing real-time access to claims and progress. Our proprietary project tool ensures our audit departments work seamlessly and efficiently to ensure your audit is completed on time.
