Intellection’s Historical Recovery service analyses procure-to-pay data to recover duplicate payments, missed input VAT, and utility billing errors. Our proposition is straightforward: we work on a contingency fee basis, so if we don’t recover any errors, there is no fee associated with our service.
Payment Analysis – Reduce Payment Errors and Boost Profit
Any procurement transaction offers opportunities for payment errors, regardless of how sophisticated the Accounts Payable (AP) software system is. These errors often evade even the best control systems, resulting in significant ‘lost’ profits.
- We perform a comprehensive payment analysis (from discovery to recovery) using our state-of-the-art proprietary analysis and recovery solution.
- Sophisticated data mining and analysis techniques allow us to review 100% of your transactions and identify potential errors.
- We gather all supporting documents and correspondence to identify and confirm errors with your suppliers.
VAT Analysis – VAT Recovery Services for South African Businesses
Our VAT Analysis and Recovery service identifies and recovers historical input VAT transactions that were previously unclaimed from SARS.
- We identify and verify, at transaction level, previously unclaimed VAT.
- Our proprietary methodology combines a unique blend of data analysis with expert resources, ensuring compliance with South African VAT regulations.
Utility Analysis – Identify Cost Reduction Opportunities
Our utility analysis reviews all utility services billed monthly to ensure that the services billed are installed, used, and invoiced by the provider at the correct rates.
- We help secure refunds for overcharges caused by utility provider errors.
- We provide recommendations for cost reduction based on utility spend restructuring.