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$7.4
Billion Manufacturer/Distributor This
manufacturer of paper products was first approached in the
summer of 1997. At the time they had a successful
history of accounts payable auditing with one of
AuditSolutions’ main competitors. The manufacturer was
content with the results they were receiving from their
auditor, but acknowledged that the audit procedure was taking
up too many of their resources. That is to say, our
competitor required office space, computer time, and client
personnel to answer questions and perform small researching
tasks.
Assuming
that our competitor’s method was the only way of performing
an audit, our contact at the paper products company was
surprised to learn that we could perform a similar audit that
would yield as much or more in terms of profit recovery.
Furthermore, we could structure our process in such a way that
we would not place any strain on their accounting department.
Our claims seemed bold at the time, but they were well
supported with an outline of the techniques we use and
verified by strong references.
Feeling
as though they had everything to gain, the paper products
company engaged with us in early 1998. We have been
providing them with our unobtrusive ongoing service ever
since, with great results. In fact, they have not worked
with any other auditing firms since engaging with
AuditSolutions, and they do not plan to because they simply do
not want to allot resources to a process that can be
completely outsourced. Our findings have not only dwarfed our competitors previous efforts, but are well above the industry’s average projected findings for a manufacturer of that size. Our client is appreciative of the work we do, but more importantly they are appreciative of the work that they do not have to do. |