Offers > Auditrax > Why Private Equity Firms Love Procurement Audits

Why Private Equity Firms Love Procurement Audits

Published By: Auditrax
Auditrax
Published:  Jun 28, 2011
Length:  6 pages

Private equity firms are constantly looking for ways to increase the profitability of portfolio firms to eventually lead to a higher sales price when the time is right. Their portfolio companies look to them as a resource for valuable revenue increasing and cost savings measures. Unbeknownst to many firms, there are actually lost profits locked up in the procurement process as a result of vendor errors, process breakdowns, ERP system migrations, and complex procurement environments. Auditrax provides a unique, risk-free solution that audits the procurement process of clients over a historical period to identify lost profits by exposing the process breakdown, recovering the capital from vendors, and preventing future errors through actionable recommendations. A procurement audit can quickly increase the value of portfolio companies, making them more attractive to potential buyers, and more profitable for their equity group.



Tagsaccounts payable audit, cash flow, recovery audit, procurement audit, financial audit, audit, accounts payable, business solutions, private equity, controller, cfo, capital