HMO told all divisions to make future travel arrangements through
one national vendor. One office asked for an exception, as it was
felt that only a local agency could service its demanding travel
needs. A C3 audit uncovered a "special
account" of which the client was unaware and,
in which for years the local agency had accumulated refunds on all
returned tickets. The amount recovered was six figures.
the automotive industry, a manufacturer of special purpose vehicles substantially shrank its vendor base. In the transition,
it returned all purchased inventory to a vendor and then received
fresher inventory on consignment. Unfortunately, no physical credit
ever received by the accounting department for the returned goods.
Two years later, C3 secured an
admission from the controller that a five-figure
credit was issued of which our client was unaware.
financial services firm underwent a sales tax audit by city in which
it operated. Much of the clients sophisticated operational
software was re-categorized as tangible property and therefore taxable
by the lead auditor. His assessment including penalties, approached
one million dollars.
Consortium Three was retained as the clients advocate and
subsequently asserted that according to relevant statutes which
governed the transaction, no tax liability existed. Over three months,
the city reluctantly relented and dropped the assessment.
emergency service provider frequently overhauled its vehicles with
one vendor. Due to the nature of the work, the parts re-manufacturer
charged the client separately for the parts and labor as well as the
new transmission core, which was subsequently credited when the
repairs were done and the old client core retained by the vendor.
Maintenance shops seldom tracked their credits.
C3 uncovered 5 years of accumulated credits exceeding $100,000.
manufacturer was embroiled in several matters under litigation.
In the course of one case, a "post-it" note in the file
indicated that the clients CEO had agreed with his attorney
that certain elements of the case had been included in a prior billing.
A month later, another law firm billing was made and paid by the
client in which the matter discussed was "re-billed".
Two years later, C3 discovered the oversight and recovered the low
five-figure sum from the law firm.
oversight and recovered the low
five figure sum from the law firm".
major NYSE pharmaceutical firm was paid twice for the same invoice
by a healthcare/distribution client. The second payment was
posted to the wrong account by the vendor. Only as
a result of the electronic profit recovery audit was the mid six-figure
amount identified and recovered and then, well after the fact.
used large quantities of natural gas to fire its ovens but received
no sales tax exemptions for its production floor space. C3 performed
an analysis of factory space allocation and then recovered three
years of previously paid sales taxes in the high five figures.
performed an analysis of
factory space allocation and then recovered
three years of previously paid sales tax
in the high five figures".
international client purchased the bulk of its personal computer
and laptop needs from a major manufacturer. Unbeknownst
to the purchasing department, a discounted enterprise
agreement had been executed by its CIO with the embedded software
maker whose software was installed on the computer hardware. C3
played a key role in subsequently recovering the six-figure credits
issued by the manufacturer based on the enterprise agreement.