At the forefront of Spend Recovery Services
VISUALISING THE INVISIBLE The Hidden Financial Impact of COVID-19 on Accounts Payable Challenges faced during COVID-19 Impact of furlough on employees and suppliers
Need for upfront payments to secure products and services
Working from home challenges
WHAT HAS CHANGED? Urgency to procure goods and services (i.e. PPE)
Poor internet connection
Scanning issues resulting in processing errors
Solution: Twice2much Accounts Payable Health Check Our reviews enable Clients to benefit from a ‘bespoke’ detailed forensic review of their organisations Accounts Payable transactions. To draw an anology with our own Health, we would compare our reviews to an MRI/scan approach rather than a GP check-up. The depth of our reviews enables the identification of errors previously unknown to the organisation.
STAGE 1 - Identification/detection • • • •
Access to £100,000’s of technology, analytics and resources Access to dedicated experienced professionals Provides multiple-layer interrogation of transactions with Suppliers Specialist expertise in reviewing Supplier transactions and identifying anomalies
STAGE 2 - Verification/validation • Expert detailed analysis of transactions at individual Supplier level to validate and investigate anomalies • Obtaining evidence to support initial findings
STAGE 3 – Recovery/Reporting • We supply the system, processes and resources to recover the errors found on our Clients’ behalf • Flexible but targeted reporting provides significant additional benefits to Clients
Our Health Checks are carried out on a NO RECOVERY – NO FEE basis.
twice2much.com I 0344 225 2090 FRAMEWORK RM6226 - SPEND ANALYTICS AND RECOVERY SERVICES (LOT 15)