The Standard For Accounts Payable Audit Recovery Firms
Internal Audit Recovery Solutions
We help maximize internal recoveries with our proprietary audit tools and services, in real-time, before it even gets to a post audit firm.
The Flextecs Audit Technology Platform is a portfolio of web-delivered tools that can be tailored to each individual client.
Flextecs provides the labor force to prep, index and scan archival records, and delivers images in a hosted environment or re-integartes in to existing systems.
Flextecs specialists have unparalleled experience in the recovery audit industry and a core dedication to client service.
Flextecs solves internal issues to reduce external post audit expenditures. We provide both internal and external recovery audits. Our internal recovery audit is done in collaboration with our client’s internal team that is assigned audit recovery functions. Our external recovery audit is done in real-time to capture overpayments in the current year at an overall reduced cost of recovery.
Some clients choose to utilize our audit tools to empower their internal teams that are assigned audit recovery functions, while others choose to have our experienced team of audit experts augment their internal staff to fully engage in the review. So whether our clients are looking for tools, industry expertise, or both, Flextecs has the audit recovery solution.
While the traditional recovery audit model continues to bring value in terms of cash, it fails to provide “insights” to the retail client. The existing business model is so dependent on recoveries for its income stream it is nearly impossible for a traditional audit firm to seek to find true closure of profit leakages.
We take a 5 step approach when completing an Audit Recovery
- Traditional Audit – Necessary to recover losses.
- Expand Scope – Used to share the results of the traditional audit recovery.
- Quick Fixes – Identify the problem.
- Live Auditing – A continuous process meant to find future problems closer to transaction.
- Business Process Improvement & Solutions – The final step allowing for a reduction in external claim expenses.
Audit Recovery Solutions
At Flextecs we believe you should implement internal audit recovery solutions before an external audit recovery is ever completed. By doing so, organizations are able to capture money quicker at a lower cost. Internal controls allow corporations to continue with an external audit recovery team without unnecessary preventable losses. As a major player in the Accounts Payable Audit Recovery space, we bring an experienced global staff able to assist at every point during both internal audit recovery and external audit recovery.
Document Management Solutions
Take your documents to the cloud with low cost document management solutions from Flextecs. Easy to implement – no complicated training or IT involvement! Last year, Flextecs scanned and is currently hosting over 20 million pages of various documents including Accounts Payable, Human Resources, Payroll, Student Records, and General Financial Information.
Flextecs Company Profile