Profit Recovery develops, implements and manages cost-reduction solutions for Fortune 1000 companies, law firms, private equity funds and private companies throughout North America. Its spend management, supplier management and procurement strategies have saved clients more than $3 billion in savings to date. The company conducts profit recovery audits that identify lost credits and overpayments in a wide variety of areas such as health care, utilities, insurance, audit fees and more.
A profit recovery audit reveals issues in a company’s accounting systems that may be impacting the bottom line by either overpaying a vendor or underpaying the government. The company uses a team of forensic auditors, accountants and IT professionals to conduct the review. The findings are then presented to the client with recommendations on how to improve their processes to prevent future mistakes.
If the client does not correct the issues, the firm can assist in reversing the erroneous payments or overpayments. This can be done by contacting the vendor directly, by modifying the company’s accounts payable systems or both.
In addition to helping the client recover overpaid or underpaid amounts, a profit recovery audit can help a business to avoid similar problems in the future. This can be accomplished by educating employees on the company’s purchasing and accounting policies as well as by implementing better internal controls.
It is important to remember that grief can be an emotional and physical roller coaster. If you are struggling to cope with your loss, seek help from a counselor or psychologist. They can teach you coping skills and help you to find balance in your life. They can also refer you to a physician for medication if necessary.
If you are receiving debt collection calls from American Profit Recovery, you can fight them in three easy steps using SoloSuit. Our Debt Validation Letter forces the debt collector to prove the debt is valid before attempting further contact. It is also important to know your rights when dealing with debt collectors, as they may violate the Fair Debt Collection Practices Act (FDCPA).
If you are being sued by American Profit Recovery, do not ignore it. You have the right to file a response within your state’s legal deadline. By filing a timely Answer to their lawsuit, you can protect your financial interests and potentially force them to drop the case.