Results Oriented- Our audits are design to return the most capital possible to our clients. With this goal in mind, we use our thorough review to identify errors and recover lost revenue. 

Encompassing- Through 20 years of auditing experience and internal financial operations of businesses across a wide variety of industries, we are able to offer a completely encompassing audit review of areas of concern for each company and industry.

Hands-Off- The Audtirax process is designed to reduce the need for support from the client, with the ultimate goal of eliminating the need for client support. Once data is received from your accounting staff, our auditors will handle every step of the audit process to maximize returned capital and ensure no added workload is placed on the client's staff.

Client Customized- We understand that each client and industry has different needs and procurement processes. As a result, our team will identify key areas of focus for our review based on the industry and unique needs of our clients. During the orientation process of the audit, our client's staff will be able to convey concerns and wishes to our auditors to ensure that we are acting on the wishes of our clients.

All audit firms will return erroneously made payments to clients, and many are very effective at doing so. However, Auditrax does not use weekly quotas that dictate when the audit is closed down. Instead, our auditors use over 20 proven audit reports and techniques on our proprietary software to identify any and all erroneously made payments for our clients. This includes a manual audit of every invoice during the audit period that allows for recoveries missed by electronic audits. 

• Supply Purchasing
• Pricing Rebates
• Omitted Cash Discounts
• Price Discrepancies
• Statement Credits
• Discounts Taken at Wrong Date
• Tax Charges and Percentages
• Contract Compliance
• Allowances
• Cash/Trade Discounts
• Telecom Billings
• Vendor Returns
• Vendor Programs
• Duplicate Payments
• Quantity Discounts
• Credits Not Taken
• Cost-Price Differences
• Sales & Use Tax
• Contractual Misbillings
• Vendor Master Review
• IT Cost Optimization
• Freight Rate & Traffic Compliance

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Once erroneous payments are identified, our auditors will gather supporting documentation that proves the validity of the claim. We will then contact the vendor, provide them with the information gathered, and ask that they work with us to resolve the issue to the satisfaction of both parties.

By using our audit team to recover funds for our clients, we are able to avoid adding to the workload of your staff, and ensure that our billing only represents the actual collected amounts we have recovered for your firm, after the check or credit memo has been received.

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Through our Profit+ audit reports, we are able to summarize the errors made during the audit period, identify the root cause of the errors, and make actionable recommendations for improvement to prevent these errors in the future. The audit wrap-up meeting typically includes the financial management team, along with Accounts Payable staff and leadership.

This meeting allows all members of the organization to learn about problem identified, and to begin the process of improvement towards more sustainable financial practices for their company.