Case Studies
Leading distributor of cosmetics and households cleaning products
- Group Turnover: EUR 1.2bn
- Annual purchasing volumes: EUR600 million / 50 000 invoices per year / outsourced accounting activities
- Length of the mission: 5 months
- Result of the mission: EUR1 million recovered – Deductable VAT overlooked, double payments, payments to wrong suppliers, credit notes paid instead of being credited
Medical and cosmetic laboratory
- Turnover : EUR 1.5 billion
- Annual purchasing volumes: EUR1 billion for 120 000 invoices per year
- Length of the mission: 4 months for each of the two subsidiaries in the group
- Purpose of the mission: Recovery Audit of overpayments
- Results of the mission: Cash recovery (EUR1.5million recovered mainly on VAT linked to importation activities, VAT on offsites and double payments) and improvement of procedures and software
National transportation company
- Annual purchasing volumes: EUR 3 billion for 500 000 invoices per year
- Purpose of the mission: Recovery Audit of double payments
- Length of the mission: ABBD Audit (3months) ABBD Recover (9 months)
- Results of the mission: EUR 1 million recovered / 500 doubles payments
Petrochemicals Group
- Turnover: EUR 1 billion across 2 companies within the Group
- Annual purchasing volumes: EUR 700 000 million for 100 000 invoices per year
- Length of the mission: spread over a few years. 4 months the first year, 2 weeks the following years. Widening of the scope of work to cover the whole of Europe (6 companies in total)
- Purpose of the mission: Recovery Audit of overpayments
- Results of the mission: EUR 400 000 recovered mainly from VAT problems on expenses and importations in the first year, EUR100 000 per year principally stemming from accounting input errors the following years and improvement of accounting and expenses software
