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Contract compliance audit

Contract compliance audit

Let's review if everything which has been agreed by your purchasing team was correctly invoiced and paid.

Our team of recovery audit specialists will make a comprehensive review of contracts which you have with your suppliers. We will check if all your suppliers have concluded contracts and if those contracts were set up in the system correctly. We will review contract compliance and financial duties. We will also recalculate all your vendor allowances, rebates, ad-hoc funding and early settlement discounts.

Recovery audit will increase your EBIT.

We work completely on commission only, no additional costs will be charged to you. During the recovery audit project we will recover liquidities, identify risks and we will recommend process improvements.

What we will need?

Access to accounting system, data exports
Access to contracts, invoices and price lists
Workspace at your headquarters
Cooperation with NANO - AUDIT has brought us an independent insight on our supplier's business conditions and helped us improve our processes. They have found extra money and process loopholes in areas which we thought we had covered.
Martin Pytlík
Martin Pytlík
Purchasing Director, BENU Česká republika

Annual contracts can often be very complex. They may contain discounts, volume-based rebates, growth bonuses, marketing budgets, logistic funding, penalties and many other retrospective incentives. There might be conditions which cannot be correctly processed by the accouting systems. Occasionally, the contract might have been overseen or incorrectly entered into the system. We will identify all these potential leakages for you by checking each and every paper/electronic agreement which our consultants will come across.

Data security and audit execution

We are a tech company and data security is our absolute priority. All data is processed on our own server which is stored in our datacentre. If required, we are also capable of working completely within your infrastructure.

Onsite recovery audit

All data which is required for audit is stored within your infrastructure. We work entirely on hardware provided by you and store the data on your server. The disadvantage of such a solution would be some initial investments on your side and we would not be able to use all our auditing tools.

Our recovery auditors can work completely onsite from your headquarters. In order to fulfil this task, we would need a room that can be locked or a storage cabinet for computers.

Offsite recovery audit

After initial discussion, we will agree upon the data which we would need to export for auditing. This dataset would be transferred to our servers where we then process the data. Our recovery audit team then works from our office based in Brno, Czech Republic.

The ideal solution for recovery audit is a combination of onsite and offsite solutions. This combines the benefits of both options.

The solution you initially choose is completely up to you. Quite often, we start new projects in the form of an onsite recovery audit and after trust from the customer's side has been established, we further develop the solutions to maximize the recovery audit result.

Minimum time effort for recovery audit

We are a team of professional recovery audit consultants and we know how and where to search. We have knowledge on most of the common accounting systems and BI tools and we are capable of processing almost any type of data. In the past 20 years, our colleagues had worked on many different types of recovery audits.

We will need an initial introduction and kick off meeting with your finance, purchasing and IT department. After gaining access to your accounting software, our recovery auditors will do their own initial due diligence process. After this initial step, we then usually further request additional data downloads and/or system access if needed. 

We work completely on our own and the whole process takes up a minimum of your time. We usually validate first claims with your designated staff and after this step we can work solely on our own. This again depends completely on your decision and we can set up a claim approval process based on your requirements. We would need a potential help from your purchasing department with disputed claims.

Mapa působnosti - Nano-audit

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  • Polsko
  • Česká republika
  • Slovensko
  • Rakousko
  • Maďarsko

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