£2,300,000 recovered for a high street branch
We had been instructed by our client to audit their property purchase ledger and review payments made to suppliers.
To validate historic and current payments made by the client on their previous & current ERP system.
As the payments are historic and the client had switched ERP systems it was a strenuous task to identify if invoices had been processed incorrectly, processed on both systems or not processed at all.
We worked with the client’s current and previous system to establish what had been processed correctly and incorrectly, we then approached the Managing Agent for copies of the documents that were missing or processed incorrectly. This resulted in us recovering £2.3m in VAT for the client.