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VALUED CLIENTS A Leading Provider of Contingency Accounts Payable Review Services Is Pleased To Present To:

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Presentation on theme: "VALUED CLIENTS A Leading Provider of Contingency Accounts Payable Review Services Is Pleased To Present To:"— Presentation transcript:

1 VALUED CLIENTS A Leading Provider of Contingency Accounts Payable Review Services Is Pleased To Present To:

2 Payables Consulting Services, Inc “Accounts payable systems and people are not perfect.” Recent technological advances and A/P software development have improved the accuracy in the payables process. Still accuracy goals are hampered by employee turnover, acquisitions, new software installations, and vendor error.

3 Payables Consulting Services, Inc “Accounts payable systems and people are not perfect.” Recent technological advances and A/P software development have improved the accuracy in the payables process. Still accuracy goals are hampered by employee turnover, acquisitions, new software installations, and vendor error. Our experienced Auditor Professionals find discrepancies that have occurred by searching through your closed accounts payable records and by using the latest in research and recovery software.

4 Payables Consulting Services, Inc Our Service We search your accounts payable records looking for discrepancies in the following areas: Duplicate payments Use Tax Wrong Vendor Paid Open Credits Freight Extension/Math Errors Federal Excise Tax

5 Payables Consulting Services, Inc Our Service We search your accounts payable records looking for discrepancies in the following areas: Duplicate payments Use Tax Wrong Vendor Paid Open Credits Freight Extension/Math Errors Federal Excise Tax Sales Tax Missed Discounts Pricing Errors Returned Goods Overpayments Credit Paid in Error State Fuels Tax

6 Payables Consulting Services, Inc Our Service We search your accounts payable records looking for discrepancies in the following areas: Duplicate payments Use Tax Wrong Vendor Paid Open Credits Freight Extension/Math Errors Federal Excise Tax Sales Tax Missed Discounts Pricing Errors Returned Goods Overpayments Credit Paid in Error State Fuels Tax Merchandise Shortage Advertising Co-op Anticipation Defective Goods Volume Rebates Warranty Credits Escalation

7 Payables Consulting Services, Inc Our Service Is Invisible To Your Day-to-Day Operations We work independently and do not require your staff’s time.

8 Payables Consulting Services, Inc Our Service Is Invisible To Your Day-to-Day Operations We work independently and do not require your staff’s time. We realize your staff already has full time responsibilities, so we verify all discrepancies to your vendors and collect all recovered monies in your company’s name.

9 Payables Consulting Services, Inc Our Fee We work strictly on a contingency basis.

10 Payables Consulting Services, Inc Our Fee We work strictly on a contingency basis. There is absolutely no fee for our services unless we recover money for your firm. Our fee is based on a percentage of real dollars recovered. You are not invoiced until you realize the economic benefit of the recovery.

11 Payables Consulting Services, Inc Your Investment In The Engagement A file extract of your Accounts Payable history. PCS is expert in the extraction of your archived data. We are able to conduct a review of your payables without these files, but it speeds up the process.

12 Payables Consulting Services, Inc Your Investment In The Engagement A file extract of your Accounts Payable history. PCS is expert in the extraction of your archived data. We are able to conduct a review of your payables without these files, but it speeds up the process. Access to your Accounts Payable database on a read-only part- time basis in order to look up discrepancies on your system.

13 Payables Consulting Services, Inc Your Investment In The Engagement A file extract of your Accounts Payable history. PCS is expert in the extraction of your archived data. We are able to conduct a review of your payables without these files, but it speeds up the process. Access to your Accounts Payable database on a read-only part- time basis in order to look up discrepancies on your system. Access to your archived payables records as well as purchase orders, leases, contracts and other related documents.

14 Payables Consulting Services, Inc Your Investment In The Engagement A modest place to work as most clients prefer to have us review the records on site.

15 Payables Consulting Services, Inc Your Investment In The Engagement A modest place to work as most clients prefer to have us review the records on site. Access to phone with voice mail, fax machine, and copier, if possible.

16 Payables Consulting Services, Inc Your Time Investment In The Assignment A 30 minute start-up meeting to review your systems and procedures.

17 Payables Consulting Services, Inc Your Time Investment In The Assignment A 30 minute start-up meeting to review your systems and procedures. A tour of your plant or facility to familiarize us with your operations.

18 Payables Consulting Services, Inc Your Time Investment In The Assignment A 30 minute start-up meeting to review your systems and procedures. A tour of your plant or facility to familiarize us with your operations. A list of names and phone numbers of people in your organization with whom we may liaison for information (i.e., engineering, tax, purchasing, IT etc.)

19 Payables Consulting Services, Inc Your Time Investment In The Assignment A 30 minute start-up meeting to review your systems and procedures. A tour of your plant or facility to familiarize us with your operations. A list of names and phone numbers of people in your organization with whom we may liaison for information (i.e., engineering, tax, purchasing, IT etc.) A 20 minute bi-weekly meeting with a designated representative of your organization for update reports on our progress.

20 Payables Consulting Services, Inc The Results You Can Expect The Recovery of your Lost Profits!

21 Payables Consulting Services, Inc The Results You Can Expect The Recovery of your Lost Profits! An Executive Summary Report detailing all finds and recoveries by category, vendor, and dollar amount. The report will provide suggestions on how to eliminate future problems.

22 Payables Consulting Services, Inc The Results You Can Expect The Recovery of your Lost Profits! An Executive Summary Report detailing all finds and recoveries by category, vendor, and dollar amount. The report will provide suggestions on how to eliminate future problems. A coaching opportunity for your staff that will provide specific vendor examples, spotlight common misinterpretations, and best practices uncovered during your PCS review.

23 Payables Consulting Services, Inc The Results You Can Expect The Recovery of your Lost Profits! An Executive Summary Report detailing all finds and recoveries by category, vendor, and dollar amount. The report will provide suggestions on how to eliminate future problems. A coaching opportunity for your staff that will provide specific vendor examples, spotlight common misinterpretations, and best practices uncovered during your PCS review. A proprietary management report with discussion and analysis based on the data provided for the audit.

24 Payables Consulting Services, Inc Types of Recoveries

25 Payables Consulting Services, Inc PCS Will Provide You The Most Comprehensive Review Available We not only look at 100% of your electronic transactions …

26 Payables Consulting Services, Inc PCS Will Provide You The Most Comprehensive Review Available We not only look at 100% of your electronic transactions … We also review source documents,

27 Payables Consulting Services, Inc PCS Will Provide You The Most Comprehensive Review Available We not only look at 100% of your electronic transactions … We also review source documents, receiving and shipping documents,

28 Payables Consulting Services, Inc PCS Will Provide You The Most Comprehensive Review Available We not only look at 100% of your electronic transactions … We also review source documents, receiving and shipping documents, master contracts,

29 Payables Consulting Services, Inc PCS Will Provide You The Most Comprehensive Review Available We not only look at 100% of your electronic transactions … We also review source documents, receiving and shipping documents, master contracts, and purchase orders,

30 Payables Consulting Services, Inc PCS Will Provide You The Most Comprehensive Review Available We not only look at 100% of your electronic transactions … We also review source documents, receiving and shipping documents, master contracts, and purchase orders, construction projects,

31 Payables Consulting Services, Inc PCS Will Provide You The Most Comprehensive Review Available We not only look at 100% of your electronic transactions … We also review source documents, receiving and shipping documents, master contracts, and purchase orders, construction projects, and everything impacting your unique business processes.

32 Payables Consulting Services, Inc Consider This Comparison Of Electronic vs. Comprehensive Audit

33 Payables Consulting Services, Inc Consider This Comparison Of Electronic vs. Comprehensive Audit Variance Types: Duplicate Billing Duplicate Payment Discounts Wrong Vendor Credits Paid Credits Due Open Credits Credit Memo Some Firms Really Only Conduct Electronic Data Audits, And Look At Statements…

34 Payables Consulting Services, Inc Consider This Comparison Of Electronic vs. Comprehensive Audit Variance Types: Sales Tax Use Tax Price Offs Deposits Overpayments Rebates Returns Miscellaneous Duplicate Billing Duplicate Payment Discounts Wrong Vendor Credits Paid Credits Due Open Credits Credit Memo PCS Provides A More Thorough Review

35 Payables Consulting Services, Inc Consider This Comparison Of Electronic vs. Comprehensive Audit Variance Types: Sales Tax Use Tax Price Offs Deposits Overpayments Rebates Returns Miscellaneous Duplicate Billing Duplicate Payment Discounts Wrong Vendor Credits Paid Credits Due Open Credits Credit Memo PCS Provides A More Thorough Review We Find Up To Seven Times As Many Dollars Utilizing Our Comprehensive Audit Methodology

36 Payables Consulting Services, Inc Reasons To Use Payables Consulting Services, Inc 1. Our experienced professionals have at least 15 years of corporate and business financial experience

37 Payables Consulting Services, Inc Reasons To Use Payables Consulting Services, Inc 1. Our experienced professionals have at least 15 years of corporate and business financial experience 2. We are experts in sales and use tax

38 Payables Consulting Services, Inc Reasons To Use Payables Consulting Services, Inc 1. Our experienced professionals have at least 15 years of corporate and business financial experience 2. We are experts in sales and use tax 3. We work independently and don’t disturb your normal work routine

39 Payables Consulting Services, Inc Reasons To Use Payables Consulting Services, Inc 1. Our experienced professionals have at least 15 years of corporate and business financial experience 2. We are experts in sales and use tax 3. We work independently and don’t disturb your normal work routine 4. We are sensitive to your important vendor relationships

40 Payables Consulting Services, Inc Reasons To Use Payables Consulting Services, Inc 1. Our experienced professionals have at least 15 years of corporate and business financial experience 2. We are experts in sales and use tax 3. We work independently and don’t disturb your normal work routine 4. We are sensitive to your important vendor relationships 5. PCS adheres to your company rules and regulations

41 Payables Consulting Services, Inc Reasons To Use Payables Consulting Services, Inc 1. Our experienced professionals have at least 15 years of corporate and business financial experience 2. We are experts in sales and use tax 3. We work independently and don’t disturb your normal work routine 4. We are sensitive to your important vendor relationships 5. PCS adheres to your company rules and regulations 6. PCS Professionals are trained to sense where the dollars are located, document and recover them

42 Payables Consulting Services, Inc Reasons To Use Payables Consulting Services, Inc 1. Our experienced professionals have at least 15 years of corporate and business financial experience 2. We are experts in sales and use tax 3. We work independently and don’t disturb your normal work routine 4. We are sensitive to your important vendor relationships 5. PCS adheres to your company rules and regulations 6. PCS Professionals are trained to sense where the dollars are located, document and recover them 7. PCS has performed audits of most industries and accounting systems

43 Payables Consulting Services, Inc Reasons To Use Payables Consulting Services, Inc 1. Our experienced professionals have at least 15 years of corporate and business financial experience 2. We are experts in sales and use tax 3. We work independently and don’t disturb your normal work routine 4. We are sensitive to your important vendor relationships 5. PCS adheres to your company rules and regulations 6. PCS Professionals are trained to sense where the dollars are located, document and recover them 7. PCS has performed audits of most industries and accounting systems 8. Our Professionals are commissioned which motivates them to work quickly and efficiently

44 Payables Consulting Services, Inc Why Choose Payables Consulting Services, Inc? Nationwide Capability. Local Expertise.

45 Payables Consulting Services, Inc Why Choose Payables Consulting Services, Inc? Nationwide Capability. Local Expertise. 95% Of Our Clients Continue To Use Our Services.

46 Payables Consulting Services, Inc Why Choose Payables Consulting Services, Inc? Nationwide Capability. Local Expertise. 95% Of Our Clients Continue To Use Our Services. Balanced Approach of Electronic and Forensic Auditing.

47 Payables Consulting Services, Inc Why Choose Payables Consulting Services, Inc? Nationwide Capability. Local Expertise. 95% Of Our Clients Continue To Use Our Services. Balanced Approach of Electronic and Forensic Auditing. We Recognize Our Greatest Value Is The Transfer Of Knowledge.

48 Payables Consulting Services, Inc Why Choose Payables Consulting Services, Inc? Nationwide Capability. Local Expertise. 95% Of Our Clients Continue To Use Our Services. Balanced Approach of Electronic and Forensic Auditing. We Recognize Our Greatest Value Is The Transfer Of Knowledge. Cross-entity Audit Capability.

49 Payables Consulting Services, Inc Why Choose Payables Consulting Services, Inc? Nationwide Capability. Local Expertise. 95% Of Our Clients Continue To Use Our Services. Balanced Approach of Electronic and Forensic Auditing. We Recognize Our Greatest Value Is The Transfer Of Knowledge. Cross-entity Audit Capability. Coaching. Ongoing Support.

50 Payables Consulting Services, Inc Why Choose Payables Consulting Services, Inc? Nationwide Capability. Local Expertise. 95% Of Our Clients Continue To Use Our Services. Balanced Approach of Electronic and Forensic Auditing. We Recognize Our Greatest Value Is The Transfer Of Knowledge. Cross-entity Audit Capability. Coaching. Ongoing Support. Professionalism and Technical Competence.

51 Payables Consulting Services, Inc Why Choose Payables Consulting Services, Inc? Nationwide Capability. Local Expertise. 95% Of Our Clients Continue To Use Our Services. Balanced Approach of Electronic and Forensic Auditing. We Recognize Our Greatest Value Is The Transfer Of Knowledge. Cross-entity Audit Capability. Coaching. Ongoing Support. Professionalism and Technical Competence. Our Auditors Go Where The Records Are Located.

52 Payables Consulting Services, Inc Why Choose Payables Consulting Services, Inc? Nationwide Capability. Local Expertise. 95% Of Our Clients Continue To Use Our Services. Balanced Approach of Electronic and Forensic Auditing. We Recognize Our Greatest Value Is The Transfer Of Knowledge. Cross-entity Audit Capability. Coaching. Ongoing Support. Professionalism and Technical Competence. Our Auditors Go Where The Records Are Located. Our Recoveries Rank At The Top Of Our Industry.

53 Payables Consulting Services, Inc Why Choose Payables Consulting Services, Inc? Nationwide Capability. Local Expertise. 95% Of Our Clients Continue To Use Our Services. Balanced Approach of Electronic and Forensic Auditing. We Recognize Our Greatest Value Is The Transfer Of Knowledge. Cross-entity Audit Capability. Coaching. Ongoing Support. Professionalism and Technical Competence. Our Auditors Go Where The Records Are Located. Our Recoveries Rank At The Top Of Our Industry. We Agree To Pay All Direct Audit Costs.

54 Payables Consulting Services, Inc A Few of Our Clients Manufacturing Hallmark Samsonite Hunter Douglas Chart Industries Metal West Woodward Aircraft Ranger Boats Stanley Aviation Oil, Gas, & Mining Barrett Resources Forest Oil Gary Williams Energy Pure Resources MarkWest Hydrocarbon Tom Brown Stone Energy TransMontaigne Prima Energy Patina Oil &Gas Williams Production EOG Resources Newmont Mining Services First Data Corp. Firemans Fund Insurance Information Handling Services Great West Life Insurance

55 Payables Consulting Services, Inc A Few of Our Clients Healthcare PacifiCare Kaiser Permanente First Health Corporation NCS HealthCare Retail/Wholesale Shamrock Foods Boston Chicken, Inc. Noah/Einstein Bagels Denver Post EAS Charlotte Russe Rock Bottom Brewrey Manufacturing/High Tech Medtronics St Jude Medical Atmel Corporation Exabyte CoorsTek Government Agencies Metropolitian Water Dst. RTD Clark County NV Telecommunications Qwest Communications ICG Communications Williams Group

56 Payables Consulting Services, Inc Additional Services & Feasibility Analysis PCS can provide comprehensive analysis of additional recovery specialties in order to evaluate the feasibility of: IT Outsourcing Solutions Accounting Outsourcing Solutions Freight and Logistic Audits Property Tax Audits Tax Strategic Planning Telecommunications Audits Lease Compliance and CAM Audits Self-Funded Health Care Audits

57 Payables Consulting Services, Inc How to Contact Us To Obtain More Information Payables Consulting Services, Inc Bradford Road Suite 120 Littleton, CO Phone Fax

58 Thank You For Your Interest In Payables Consulting Services, Inc.


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