Payments Audit

The Problem

Financial leakage is an inevitable risk for medium to large scale businesses.

It’s estimated that just 0.02% of accounts payable transactions are made incorrectly, due to human error. A small margin yes. But given the sheer volume of invoices AP functions process day in day out, over a number of years, this 0.02% error rate can lead to sizeable amounts of financial leakage.

All companies can be exposed to fraud and cybercrime, both of which are on the rise. KPMG (press release August 2021) states that in the first half of 2021, the cost of fraud to UK businesses is just under £140 million, with fraud accounting for 5% of company expenditure per year (ACFE, 2020).

Our Solution

We offer an independent, comprehensive review of all transactions and assurances that only intended payments are made to suppliers. In instances where there has been a payment error – we will recover the money on your behalf.

Auditing all payment transactions regularly is a critical business process. Financial statements are audited bi-annually, and so should payment runs.
WMA has 20 years experience in performing Payment Audits and recovering payment errors on a No Win No Fee basis!

A zero cost, risk free opportunity.

NO RECOVERY – NO FEE

You pay nothing unless we find discrepancies.
A zero cost, risk free opportunity.