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$920,000

Recovered Assets

Auditrax was able to identify over $920,000 in overpaid sales tax for our company. They also identified breakdowns in freight policy which led to new internal controls and subsequent reduction of freight costs. While the recovery amounts were appreciated, the true value of the audit was in the substantial future savings realized, due to the changes made from the information Auditrax provided. We continue to bring Auditrax back with any new acquisition.

Corporate Controller, $1 Billion Manufacturer

I would like to commend the Auditrax audit team that worked with us. The project was successful due to their knowledge, professionalism, and being self-sufficient. And the benchmarking report was also very helpful. I recommend them highly.
–AP Manager, 253 Bed Health System

We completed an AP audit with Auditrax and they delivered as promised. There was minimal interruption to day to day business, in fact I actually forgot that an audit was taking place. The final report is one of the best I have seen.
–AP Manager, $750 Million Manufacturer

We have worked with Auditrax on multiple occasions and their depth of review has recovered over $350,000 for our company and has identified future savings of over $1 million. We had previously worked with a national audit company that only recovered $30,000 for the same time period. Auditrax also noticed we were being overbilled by our ERP software company, saving us over 75% annually on billing licenses. Also, by re-writing our vendor Terms & Conditions, Auditrax was able to put a stop to a $250,000 annual over shipment problem from vendors.
–CFO, $200 Million in Gross Revenue, Michigan Furniture Manufacturer

Auditrax was successful at finding us thousands of dollars, which compared favorably to companies utilized in the past, where no dollars were recovered. In addition, the engagement was completed seamlessly with very little staff time on our side, which was an added benefit. The results were superior and the professionalism was top notch.
–Controller, 240 Bed hospital, division of a $50 Billion Healthcare System

Auditrax has provided great service to me & my company. Unlike other companies that complete AP audits, Auditrax goes much further than looking for incorrect payments. Their detailed work not only recovers dollars, but they identify process problems and areas that are below the best practices. At the end of the audit, not only is money recovered, but you will know the weaknesses in the payable areas. I have used them at a couple of companies – and look forward to the opportunity to work with them again. I highly recommend Auditrax for any payment, sales tax, or freight audit.
–Controller, $200 Million Manufacturer

Auditrax was able to identify over $920,000 in overpaid sales tax for our company. They also identified breakdowns in freight policy which led to new internal controls and subsequent reduction of freight costs. While the recovery amounts were appreciated, the true value of the audit was in the substantial future savings realized, due to the changes made from the information Auditrax provided. We continue to bring Auditrax back with any new acquisition.
–Corporate Controller, $1 Billion Manufacturer

We chose Auditrax as our recovery auditor because their audit includes both the procurement and A/P process in their recoveries. By bringing in a procurement review, we were able to increase the recovery significantly over what would have been recouped had we focused on an AP audit only. In addition, the dual focus allowed us some valuable insight about the process weaknesses and opportunity for process improvements between the two departments. Auditrax thoroughly reviewed both our GPO and local contracts to identify overpriced items, in addition to performing a standard duplicate payments and open credits audit. I found the staff to be professional. They did not take up much of our staff’s time at all. I recommend them to health systems that are serious about maximizing recoveries and learning more about their organization.
–Director of Procurement, 522 Bed Health System

We’re quite pleased with the results. Auditrax was very self-sufficient, which was critical as we were stretched for resources. Funds were returned to us, without costing us time, plus items were identified to reduce future expenditures. And I appreciate the benchmark information. It not only shows customers the percent of collection versus the claim amount, it also shows how we compare to other organizations. All around I would say this was a win, win, win.
–Purchasing Manager, 253 Bed Health System

Auditrax performed a recovery audit for our organization, and returned  more money than we expected.  The process took very little of our time, as promised.  The staff was professional, responsive, and pleasant to deal with.  I would certainly recommend them highly.
–Director of Financial Services, 36 Bed Hospital