Areas of Service Accounts Payable Review and Recovery Assessment and Consultation Specialized Profit Recovery Process Review Performance Data Review Sarbanes-Oxley Consulting

EXPLORE The tools for realizing undiscovered profits in your company may already exist, we just show you how to use them more efficiently. Our resources can you tap your information reserves to find what lies beneath the surface. Process Review The best method for dealing with lost profits is to prevent them from happening. Maintaining solid internal controls and processes is the foundation of profit recovery. With the added complication of the Sarbanes-Oxley Act, instituting well-documented accounts payable procedures that adhere to best practice standards is crucial for protecting profitability and minimizing exposure. The Omega Resource Group offers detailed process analysis of all accounts payable and disbursement activities to uncover systemic problems and procedural gaps that create potential vulnerability to lost profits and tax exposure.   Since no single solution works for all companies, we explore current internal accounts payable procedures and interactions with other departments to gain a thorough understanding of your company’s specific needs. We then develop a detailed strategy for implementing improvements, including full documentation and training for your staff.   As part of our comprehensive accounts payable consultation, Omega conducts a vendor master file scrub to validate the accuracy of vendor information, eliminate duplicates that can cause overpayment, and uncover indicators of possible vendor fraud. We educate your staff on the best practices of data entry which ensures continued vendor file integrity and duplicate prevention. We also provide the vendor master scrub as a stand-alone service. Contact us for a comprehensive proposal and discover how Omega can strengthen your accounts payable processes and fortify your bottom line. Learn more about the Omega Difference