Our internal control
is very strong. Why should I think you will find any payable system
You are likely in very fine shape. However, we have
never failed to recover profits for any client. You have nothing
to lose by engaging Consortium Three.
Consortium Three? Are you as good as other profit recovery firms?
Consortium Three has a long
history, over 20 years in fact. There are firms both larger and smaller
than ours, but very few who can match our success rate and the
caliber of our talent.
really in it for us? Sooner or later, we would likely find our own
Ours is really a win-win proposition. If you think
you know about problem vendors and potential mistakes, exclude
them from the scope of our audit. It is likely that mispayments
and many duplicate payments will never be found, overpaid taxes
never refunded, and discounts earned but not taken, never honored.
is your recovery rate?
All across the board, but always profitable for you.
We deliver in a range of $1 for each $1,000 to as little as $1
for each $10,000 reviewed. The major variables are client controls,
age of claim, availability of records, and client support.
me about your staff? What are their credentials?
Our staff is seasoned, mature, diplomatic, and bright.
You will quickly discover that C3 people are masters at their
trade of screening records, identifying suspect transactions,
asserting the claim, and recovering the money. They average 15
years of combined business and accounting experience.
are auditors, looking to identify our internal errors. Im
not sure my staff will feel comfortable with your efforts.
We understand. But we assure you and your staff that
overpayments will happen due to the transaction-intensive environment
in which they work. Successful profit recovery is generally not
an indication of failure or loose controls. Rather, it comes from
our intimacy with tax structure and statutes, software systems
and shortcomings, vendor practices, and a unique electronic audit
are the terms of your engagement?
We will execute a contingency fee agreement which sets
the terms and scope of the audit. We will exclude specified vendors
and ongoing work and use extracts of your payables files and vendor
master. Only after we recover profit and the money is in the bank
or you have a negotiable credit in hand, will we bill you a percentage
of the proceeds.
are your clients?
We do not publish a complete client list; it is extensive
and proprietary. At the same time, we do have a partial reference list
which will be made available on request.
you guarantee your work?
Absolutely! We stand behind all recoveries and provide
the documentation as part of our invoice detail. Additionally,
there will be times when we make tax recommendations which may
cause the client to petition for recoveries from vendors or government
entities. Should any action so initiated be reversed, C3 stands
ready to refund any moneys paid. In fact, this has never happened
in the history of the firm.
say the engagement is a win-win proposition, but even as we split
the proceeds, you will require time from my staff. We are very busy
and I cant afford distractions.
We understand completely. Other than the time we need
from your IT manager to secure data extracts and a kickoff meeting
with the A/P Supervisor, your staff time will be kept to an absolute
minimum. We guarantee it!!!
What is your reputation with
Departments of Revenue?
Extraordinary. We have a very strong reputation with the
of Revenue and 95% of our claims are successfully refunded with
are on a first name basis with a number of department auditors.
When you submit claims for refund on
our behalf, will it trigger a retaliatory audit by the state?
This is a common myth which is a misconception. The
state cycles through their audit list every three years.
They have neither the inclination or the resources to try and
offset every client refund we submit.
do you need for support?
Our needs are simple: a workplace, telephone, and fax
access. We prefer to be located close to hard copy payables files
and request payables software access via inquiry mode only. If
data is stored digitally, we need access to the retrieval system.
We prefer one direct contact in accounts payable to whom we can
go when all else fails.
will I know about the audit progress?
C3 keeps highly detailed notes and documentation files.
Chief among them is the claim sheet on which valid claims are
recorded. At least weekly or more often if desired, you will be
briefed on our findings and recommendations. You will be invoiced
only after claims are in hand.