LEADING DISTRIBUTOR OF COSMETICS AND HOUSEHOLDS CLEANING PRODUCTS
- Group Turnover: EUR 1.2 billion
- Annual purchasing volumes: EUR600 million / 50 000 invoices per year / outsourced accounting activities
- Length of the mission: 5 months
- Cash recovered: EUR1 million recovered – Deductible VAT, 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: EUR800 million for 120 000 invoices per year
- Length of the mission: 4 months for each of the 3 subsidiaries
- Purpose of the mission: Accounts Payable Recovery Audit / Supplier’s terms and conditions audit
- Cash recovered: EUR2 million recovered with the AP recovery audit / EUR250.000 with the terms and conditions audit
NATIONAL TRANSPORTATION COMPANY
- Annual purchasing volumes: EUR 3 billion for 500 000 invoices per year
- Purpose of the mission: Accounts Payable Recovery Audit
- Length of the mission: 3 months for the audit part and 9 months for the recovery part
- Cash recovered: EUR 1 million recovered / 500 doubles payments
PETROCHEMICALS GROUP
- Turnover: EUR 1 billion across 2 subsidiaries
- Annual purchasing volumes: EUR 700 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: Accounts Payable Recovery Audit
- Cash recovered: EUR 400.000 recovered in the first year, mainly from VAT issues on expenses and importations. EUR100.000 the following years, principally stemming from accounting input errors.