Discover Unknown Assets
Finding money for an organization that it didn’t know it was owed is like discovering lost treasure. Previously unknown financial assets can now be available to use. That’s what RAS does…it finds money that its clients didn’t know was lost. Money mistakenly overpaid on invoices and sales/use taxes, money owed in the form of credits and rebates, money paid for inaccurately billed charges, and even money sitting in states’ unclaimed property accounts.
Sometimes overpayments are due to inadvertent oversights. Vendors may send second invoices that look like they are the original and the client pays both invoices. Or like the client that was unknowingly paying for 3,000-plus broken and unused telecom and data lines. Or the client that had knowingly disconnected some telecom services but continued to pay for them because the vendor had continued to bill for them. But sometimes the cause is not as benign. Like the client who paid millions of dollars to its Pharmacy Benefit Manager (PBM) because the PBM had buried unauthorized administrative fees in its regular charges for services and also had overcharged for prescriptions.
RAS’ clients don’t have to wonder if there are hidden chests of gold waiting to be uncovered. RAS does the digging for them, through a comprehensive audit process that examines 100% of external expenditures. And business consolidations and acquisitions are no obstacle to RAS’ investigations. If money is owed, RAS can find it.
Organizations of all sizes know that every cent matters when trying to make payroll, pay expenses, develop new products and services, and run successful operations. Lost money means lost opportunities. RAS works to ensure its clients receive the missing money to which they are entitled.