Put More Money in Your Pocket: STAT Recovery Services Case Study #1
With each client we engage, STAT’s first goal is to provide value. We possess a unique set of cross-functional expertise within Accounts Payable, not available to other recovery audit firms. Over the next three weeks we will explore three case studies which illustrate what we’ve done for our clients. Please reach out to us to get a no cost, no risk analysis of your account to see what we can recover for you.
Client 1 – Electronics – Supply Chain Deductions
Annual Revenue with Wal Mart: $225M – $250M
• Annual Deductions: $2M – $2.5M
• Previous Annual Payback Amount: $1M
• STAT’s Recoveries: $1M
The client had a decent payback rate and had been approached by the retailer to do a “Settlement” of their account for the past two years for $200K. They asked us to come in and audit their account to see if we could bring more value with our method. We discovered over $1M and quickly recovered it for them. We are now working to recover an additional $3M from pricing, allowance and cash discount issues.
Contact STAT Recovery Services to set up a free audit and see what you could recover.