Question: Is your organization being invoiced for products and services at the levels you agreed to when you negotiated your latest contracts? Although it might feel like it, it’s not a trick question. Like most executives, you’re probably thinking, “gee, I don’t know.”
Challenges when reviewing invoices:
The department paying the bills may not know the contracted pricing
The contracted pricing may involve a formula
Takes time to check a formula
The formula may rely on external data that is difficult to obtain
Price escalation restrictions may be buried in a contract amendment
Invoices have many lines to review and reviewing each one is laborious
Expense Consulting begins every engagement by reviewing invoices for contractual compliance. We never know what we’re going to find but we’ve identified errors ranging from minor billing discrepancies to illegal billing practices and recovered hundreds of thousands of dollars for our clients in a variety of spend categories, including utilities, pharmaceuticals, payroll services, waste and more.
Stop wondering if you’re paying more than you need to. Get a free audit with us today!
EnergyCenter Every business consumes energy. We hope you find this chart useful when benchmarking your energy costs. Please note, Expense Consulting is a licensed utility aggregator, so be sure to contact us for the best possible energy pricing.
About Expense Consulting
Expense Consulting is a full-service accounts payable auditing and cost reduction consultancy, helping organizations significantly reduce operating expenses. Since 2009, we've helped hundreds of organizations recover millions of dollars of over-billings and have secured millions of dollars in future cost savings. To learn more about reducing your organization's expenses, contact us at 860.761.3500 or visit us at www.expenseconsulting.com