Please browse the following case studies. The positive effects of our services reverberate long after your company realizes the recover of lost profits that RSI delivers.
Case Studies
CASE STUDIES
Success Stories
Scenario – Entertainment Company
An entertainment company requested a recovery audit of its A/P and sales/use tax departments. The company had grown through more than 60 mergers and acquisitions of smaller companies located in multiple states. The company was under audit by the state of California for sales/use tax.
Action – Recovery+Solutions analyzed the client’s A/P processes and procedures through hard copy purchase documentation, electronic download of its A/P history and purchase order information. We also performed an extensive manual audit of all underlying A/P documents.
Results – Our manual review identified overpayments not found within the data, including overpaid taxes to multiple states. We reduced the client’s state taxes by more than $600,000 and yielded an additional $2.5 million in recovered monies. The client also received recommendations designed to minimize future A/P overpayments and assistance with the completion and delivery of exemption and resale certificates to reduce the overpayment of erroneous taxes.
Scenario – Teleproduction Company
A teleproduction company in Los Angeles had a vendor file with two paid invoices for an equipment maintenance policy. There was no additional documentation.
Action – Prior to contacting the vendor, we discussed the issue with the client to obtain permission and additional documentation.
Results – Recovery+Solutions confirmed that the policy was never executed and recovered $124,571.
Scenario – Manufacturing Company
A manufacturing company had a prior recovery electronic audit resulting in recoveries of approximately $40,000.
Action – Recovery+Solutions conducted a comprehensive secondary audit for this client using both electronic and manual methods.
Results – The secondary audit recovered approximately $1.8 million missed by the previous firm.
Scenario – Oil & Gas Company
An oil & gas midstream and upstream company had two prior recovery audits (A/P & sales/use tax), resulting in recoveries of approximately $300,000.
Action – Recovery+Solutions conducted a comprehensive secondary audit for this client using both electronic and manual methods.
Results – The secondary audit recovered an additional $2 million overlooked by the other auditors.
Ready to Recover More of Your Money?
For a risk-free, no obligation discussion of how RSI’s services can meet your cost recovery needs, please submit the form below or simply give us a call at 281-776-9407