Duplicate, overpayment and contract compliance payment recovery specialists
Profit is delivered straight to the customer’s bottom line.
We are specialists in cost recovery, we know what we’re doing and we do it very well.
Our team have discovered and recovered £millions of lost profits returning significant bottom line benefits to our clients.
We support advanced data mining technology with traditional accounting skills to provide a service that delivers real value and is second to none.
S2M was incorporated to offer a personal, risk free, contingency based, analysis service covering both direct and indirect costs. We offer our clients an assurance on two fronts; “you pay for goods and services only once, and what you pay is strictly in accordance with the agreed terms”.
The scope of our activities includes direct and indirect costs, goods for resale, property, energy, water and VAT, and is designed to be low impact and non-intrusive. We ensure our work has no adverse impact on the client /supplier relationship, and only make contact with suppliers once the client has given the go-ahead.
Through the application of leading edge data mining products, we normally examine the last three to four years’ transactions to identify potential duplicate payments. Acting as a ‘ghost service provider’ we contact suppliers and recover any duplicate payments. Typically the industry has shown an average recovery of 0.05% to 0.1% of the value of accounts payable spend.
Simon Bates, S2M Managing Director, commented that key to being awarded this contract was our integrated and flexible approach to the delivery of a broad range of profit recovery and future savings services including duplicate…Read More