Cost Recovery Solutions
| Company Name: | Cost Recovery Solutions www.costrecoverysolutions.com |
| Address: | 620 Newport Center Drive, Suite 1100 Newport Beach, CA 92660-8001 |
| Contact Name/Title: | Gerard Smith / Founder & President |
| Email: | Contact Form |
| Phone: | (800) 338-9935 Fax: (949) 720-9410 |
| Company History: | Our track record includes over 20 years experience developing and implementing cost-recovery, cost-containment and profit-improvement solutions for a variety of companies. Founded in 1992, by President Gerard Smith, Cost Recovery Solutions (CRS) entered the marketplace specializing in procurement and travel management. As a result of our proven track-record, we have evolved into a more comprehensive, contingency-based firm spanning our services into eight key areas: AP, Travel, Freight, Real Estate, Healthcare, Utility and Document Fleet. Our expertise has benefited such diverse and recognizable clients as Champion International, Chemical Bank, Jacobs Engineering Group, Mattel, Mobil Oil, The RAND Corporation and World Vision. |
| Company Profile: | At CRS, our A/P audit personnel have outstanding reputations, solid experience, knowledge and a collective commitment to deliver the highest level of A/P audit recovery services available. We utilize a suite of proprietary software and customize search queries to our clients’ industries, accounting systems and data file formats. This enables us to find over twenty-five (25) types of overpayment errors, including duplicate payments, payments to wrong vendors and missed discounts. It also enables us to identify multiple types of possible fraud. |
| Testimonials / Key Clients / Top Past Findings: | Because over 70% of the monies we identify and recover can only be identified using manual audit techniques , most of our clients request an audit encompassing electronic and manual means. Some clients are more interested in a faster AP audit using electronic means only. Either way, we will identify, validate, collect and deliver the overpaid monies to you, in a seamless, integrated manner. At the conclusion of each audit, we provide a master claim schedule detailing all overpayment claims, with error coding, supporting documentation and possible causes. We also provide a “Best Practices” Memorandum with customized recommendations to minimize the recurrence of said errors in the future. |
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