Cost Recovery

Each day, business transactions grow in complexity and volume. It’s easy for opportunities to be missed and mistakes to happen. What’s not easy – finding & fixing them.

Knowing that many business lack the staff, time & knowledge, we provide a full range of cost recovery services.  Our processes help to track down:

• Contract Over-Charges
• Sales Tax Over-Payments
• Accounts Payable Over-Payments
• Duplicate Payments
• Un-applied Vendor Credits
• Prompt Payment Discounts not Taken
• Freight Over-Charges

In addition, we can use the data collected in these projects to identify weaknesses in your accounting, purchasing, & inventory systems – thus saving your company money for years to come.

Sales Tax Audit Defense

Sales tax laws and regulations can be terribly confusing & difficult to follow.  The states count on it. Every several years, when a business is audited, state agents may exploit that company’s ignorance by assessing a huge tax bill.

Knowledge is power.  We know the law.  We also know how to prepare information, from your records, to challenge the tax assessment. From years of experience, states learned that most businesses don’t have the time or resources to put up a fight. So they pay the bill.

At databench, we have a complete Sales Tax Defense program:

• Review Preliminary Tax Assessment
• Establish Benchmark Liability
• Prepare a Response with Supporting Documentation
• Meet with Sales Tax Auditors
• Obtain Agreement for Reduction of Sales Tax Liability
• Measure Savings

Never pay the assessment without a strong defense. We can often make a significant difference.

Staff Education

From the work we perform, we often learn a great deal about your systems and staff.  We can conduct training classes to help your personnel to perform their work more accurately & efficiently.

Answering questions, establishing procedures, implementing internal controls – all can save your organization costs, year after year.

Consulting Projects

Here are some sample data consulting projects:

• Contract Modeling – Comparing actual invoices with contract pricing to identify variances and compute impact.
• Performance Audit – Define objective criteria and compare actual results to expected performance.
• Accounts Payable Analysis – Establish payment terms database, review current practices, & measure impact of alternatives.
• Vendor Analysis – Create vendor profiles to summarize activities, maximize cost savings, and implement new purchasing practices.
• Inventory Management – Model movement of items, obsolescence, shrinkage, holding costs, turns & outages.
• Labor Costs & Productivity – Database of actual versus budgeted labor costs & hours with variance analysis.

Contact us for more information about our data services

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