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Review and Decrease Expenses
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1. Immediate Cash Infusion.
2. Assist Accounts Payable in reconciling vendor accounts and recover cash balances due
3. Review Returned Goods process and recover funds from vendors.
4. Identify Item pricing overcharges and recover funds.
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Reduce Additional Overhead Costs
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1. Recommend operational improvements w/o increasing FTE’s.
2. Provide expert contract analysts to assist current operations.
3. Identify areas of financial loss within hospital’s supply chain and disbursement processes.
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Make an Economical and Efficient Accounts Payable Processing Operation
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1. Ensure management decisions are based upon accurate information.
2. Identify duplicate vendors in Vendor Master Database; increasing payment efficiencies.
3. Review communication flows within, to, and between A/P, Purchasing, end user departments, and vendors.
4. Identify systemic bottlenecks and areas of financial loss; provide recommendations to eliminate these sources of financial loss.
5. Provide custom transaction reports identifying significant vendors and items needing management’s attention.
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