Custom Audit Service Offerings
Recovery Audit Services
Far too often, organizations overpay for the products and services that they procure. It’s difficult for organizations to track every expenditure and tie them back to a contract and purchase order; and even harder to validate every component of a charge. Source One’s procurement and recovery audit experts will conduct thorough invoice and contract reviews and will be provide cost recoveries when the audits reveal errors. We’re so confident in our audit solutions that we will provide them on a gain-share model, only invoicing you for a portion of a recovery after it has been received.
Source One Sourcing Audit Services
Telecom Audit Services
Whether you’re dealing with pesky surcharges, questionable tariff filings, or negotiating a new contract or renewal with a service provider, telecommunications is one of the most difficult spend categories to manage. Source One’s telecom audit specialists will not only capture a clear view of your company’s telecom spend, but also bring to light any carrier billing errors and work to recover overpayments as a result. Source One’s collaborative approach ensures a clear picture of your spend and works to establish best practices within your organization for managing telecom spend in the future.
Source One Telecom Audit Services
Contingency-Based Cost Reduction
Source One offers flexible fee options, including contingency-based billing -meaning our skin is in the game, too. Whether you’re in need of our full strategic sourcing services or just support with particular phases such as benchmarking, spend analysis, supplier identification, or market research, our unique business model allows us to deliver clients on-demand resources without the risk of upfront costs. After we help you implement a new contract or supplier, we stay with you and provide a continuing procurement audit service to ensure compliance.
Source One Contingency-Based Performance Options
Agency Audit Services
Expending time, energy, and money to ensure compliance in your marketing agency relationships is a challenge. You know the value to be achieved, but taking the right steps is difficult when you’re managing all the other activities for your brand. Source One can help. Our marketing agency audit experts will implement processes to regularly monitor billing and performance and institute controls to enhance visibility into how your marketing budget is spent.
Source One’s Marketing Agency Audit Services
Audit Services For Procurement, Supply Chain, and Strategic Sourcing Operations & Results
With decades of experience in implementing best practices in supply chain management and strategic sourcing, Source One provides procurement audit services tailored to your organization’s needs.
Changes in a company’s landscape, whether as a result of a merger and acquisition or the launch of a new product, can often lead to a muddled view of procurement operations. Without clear visibility into your spend, technology, current supplier contracts, etc., your procurement organization can easily fall out of alignment with your company’s strategic direction. An audit of your procurement operations can help.
While an organizational change is often the catalyst for process improvement, best-in-class companies don’t wait for an issue to arise before thoroughly assessing and understanding the procurement function. For these companies, procurement audits are a strategic measure to identify areas of opportunity whether it be in cost reduction, benchmarking current contracts, or improving overall operating efficiency.
If you’re looking to enhance your procurement organization, recover money and expenses from suppliers, get control over your sales and use tax payments, or compare your suppliers and contracts to the market, Source One has the right procurement audit services to meet your needs.
Procurement Operations Assessment | Cost Reduction Assessment | Contract Review Services | Sales & Use Tax Audit Services
Procurement Operations Audit and Assessment
A successful procurement operations audit doesn’t just uncover the root causes for your current challenges. The procurement audit and assessment also helps identify opportunities to establishes processes and procedures for long-term sustainability and efficiency. Source One’s procurement transformation advisory services (operational procurement audits) assess the state of your procurement organization’s people, processes, and technology to identify not only the challenge areas, but also identify your organization’s strengths and best practices. Our procurement operations audits will help compare you to your peers and will outline the strategies, processes, people, technologies and procedures you must implement to be considered leading-class. Our decades of procurement auditing experience and holistic approach will help you chart the course to take your procurement operations to the next level.
Procurement, Strategic Sourcing, and Supply Chain Operations Audit and Assessment
Audits and Cost Reduction Initiatives
The procurement and sourcing functions at companies of all sizes run lean. Often, procurement groups do not have the time, leverage, market intelligence or tools to get the best price from the best supplier from every single item or service that they procure. Even when procurement does get a best-in-class pricing agreement in place, there is often little consideration paid into the ongoing auditing of pricing and the supplier to ensure that identified savings have been obtained.
Source One’s Strategic Sourcing Services help you obtain savings faster while improving your supplier relationships. As part of our contingency-based strategic sourcing services, we continually audit your invoices and your suppliers and make sure that they, and you, are compliant with your contract. Implementation, continual improvement, procurement price auditing and savings tracking are all part of our comprehensive contingeny based strategic sourcing offering.
Contingency Based Cost Reduction with Bill Audits
Contract Review Audits
Whether your procurement organization is preparing for a strategic sourcing initiative or looking to compare your contractual relationships to industry peers, having access to current market intelligence is critical. Our Benchmarking Audit Service is a fundamental and effective way of understanding how your organization compares to your peers and will help improve your contracts with suppliers. Without exhausting time and resources conducting extensive research, many companies lack the data necessary for a proper benchmark report; so let us audit your contracts and relationships for you. Source One’s benchmarking and supplier contract audit services can help in dozens of categories and provide clients with actionable reports backed by our proprietary market intelligence.
Contract Auditing and Benchmarking Services
Sales & Use Tax Audits
Sales and Use Tax rules are deliberately messy – and organizations tend to overpay for fear of penalty. But you don’t have to fear overpaying or being penalized with our Sales & Tax Audit Services. We’ll review all your payments for 3-4 years and identify all instances of overpayment – and handle the recovery process from beginning to end. Beyond just fixing past errors, our Sales and Use Tax Audit Service ensures that you don’t overpay sales and use tax going forward. The best part? Our contingency payment model means you have no risk and only pay us when you get back the money you overpaid.
Contingency-Based Sales & Use Tax Audit Services
To learn more about how we can help your company, contact our Procurement Audit experts today.