Recovering Lost Profits …

Recovering Lost Profits

Our Accounts Payable Duplicate Payments Audit & Recovery “HealthCheck” examines every Financial aspect of your procure-to-pay process. We then identify and recover any overpayments or unclaimed financial benefits through our range of “HealthCheck” services.

Twice2much recovers these lost profits!

Our philosophy is to add value to you the Client and exceed your expectations. We do this through being innovative and proactive in our relationships with both you and your Suppliers. The level of these “lost profits” will vary for every Client, but as all recoveries are made on a contingency no recovery — no fee basis, with Twice2much there is only ever a WIN-WIN scenario!

In addition, our reporting will also help you to prevent overpayments in the future by providing targeted recommendations which are then compliance monitored on a regular basis.

Why undertake an Accounts Payable Review?

  • Industry surveys estimate that a company spending £1bn per annum is likely to process duplicates totalling £1m.
  • Hundreds of Millions are paid out each year in Supplier rebates, however tens of Millions are never reclaimed.
  • The complexity of Supplier contracts often results in contractual discounts being overlooked.
  • Millions of recoverable VAT remains unclaimed due to internal processing errors.
  • Millions in duty has been overpaid due to the mis-classification of imports.

How much could these “Cash Windfalls” be worth to your business?

For Heads of Audit, we have turned a traditional ‘COST’ Centre into a ‘PROFIT’ centre…

For Companies, we have added millions of £$€ to their ‘bottom-line’…

For Corporate Recovery Specialists, we have enabled additional £millions to be returned to Shareholders…