Recovery Auditors
7 Secrets Recovery Auditors Would Prefer You Not To Know
FISCAL Technologies believe recovery auditors do offer a valuable range of services, but preventing duplicate payments is not one of them. We recommend that every organisation should use a combination of specialist in-house recovery audit software such as Duplicate Payment Finder™ and have an external yearly audit to ensure maximum protection.
1. They Cost Too Much – recovery auditors charge commissions of up to 50% of the amounts they recover for you. By using FISCAL’s Duplicate Payment Finder™ you pay just a fraction of what a recovery auditor would charge. In addition, our money-back guarantee ensures that, as a minimum, the software must pay for itself or we'll refund the difference.
2. Their Value Is In The Technology They Use – and they often won’t let you use it directly. They are highly protective of their technology which has helped create a billion dollar industry. When you work with FISCAL, you get that technology directly on your desktop.
3. They Don’t Help You Prevent Future Payment Errors – It is not in a recovery auditor’s interest to help you cure your problem. At FISCAL’s, we aim to be your duplicate payment solution for the long term. You can run FISCAL’s Duplicate Payment Finder™ as often as you wish – some of our clients use it on a weekly basis to analyse payments before the cheques even go out.
4. They Keep The Information From You – Did you know that most recovery auditors keep the key information they find to themselves? At FISCAL we believe that you should have this information available at your fingertips so that you can control the recovery process. FISCAL’s Duplicate Payment Finder™ gives you access to all the data that may possibly be identified as potential erroneous payments and you are free to use that as you wish.
5. They Take The Data Off-Site – usually when you hire a recovery auditor, you have to give them your payment history data, which usually involves it leaving your site. With FISCAL’s Duplicate Payment Finder™, your data never leaves your site and always remains within your control.
6. They Can Cause Problems With Supplier Relations – it’s usual for recovery auditors to contact your suppliers directly. Since recovery auditors are paid by results, they can sometimes be too aggressive with suppliers, and create future relationship problems. When you use FISCAL’s Duplicate Payment Finder™, we have absolutely no contact with your suppliers.
7. They Can Upset Your Staff – We know of one case where a client revoked a recovery auditor’s security pass because he’d caused so much upset to their staff. As a client of FISCAL, we have minimal involvement with your staff, beyond the initial set-up phase (which can usually be done over the phone in a matter of minutes).
To find out how you can prevent your duplicate payments [GO] |
