Power Generation

Vendor/Supplier Review

Vendors rarely invoice with 100% accuracy. Errors can arise simply from mispostings or from misinterpretation of complex contractual agreements. In today’s business environment where internal staff are challenged to review and process invoices on time, it is critical to have outside expertise available to identify and recover lost profits. A comprehensive AMS-PAR vendor review program will determine the current level of contract compliance of key suppliers without adding additional burden to the your staff. We will examine the agreements that are the basis for the commercial relationship, verify that the resulting invoice activity complies with the terms of those agreements and confirm that payments made under the agreements are accurate. AMS-PAR will also assess the vendor’s compliance with the client’s business ethics policy.

Our reports not only provide sufficient detail to facilitate collection, but they also include specific recommendations for improving contracting procedures and contract management processes to ensure that errors do not recur. With your concurrence, we also recover overpayments.

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Project Construction Review

With new construction costs rising to more significant levels, capital expenditures of over $100 million are no longer unusual. In this high-dollar environment, it is vital to have processes in place that provide your company and its investors with the assurance that your primary contractor and subcontractors comply with their contractual obligations. In projects where even small misinterpretations can mean very large overbillings, these contractor compliance reviews are a necessary component of any risk management and post-procurement process.

Our post-construction review creates a valuable opportunity to detect control weaknesses, close gaps on future contracts, and recover lost profits. In our typical reviews, recoveries are made in areas like improper billing for contractor time, inappropriate mark-up of costs, and rebilling for items that are contractually covered by overhead. AMS-PAR’s professional staff will carefully analyze payment processes, identify payment errors, and provide recommendations for contracting and payment process improvements.

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Accounts Payable Review

Accounts Payable departments operate in a complex environment with both intra-corporate and external factors impacting their performance. AMS-PAR recognizes that each client has distinct needs and varying capabilities to support a post-payment transaction analysis. In spite of these differences, one overriding factor is constant: today’s business demands that all assets perform at their maximum efficiency, and the A/P Department is no exception.

AMS-PAR can provide the client with a comprehensive examination of the A/P function. This detailed look will recover revenues lost to vendor overpayments, mispayments, and contractual misinterpretations. AMS-PAR’s experienced team will also analyze the root causes of these inaccurate payments and give substantive recommendations regarding process and procedural improvements, which can prevent the recurrence of these errors. AMS-PAR will help our clients ensure their payable processes are functioning at peak efficiency.

We will provide written and electronic reporting data to support our analysis. Your report will detail each discrepancy, its root cause, the vendor’s recognition of overpayment, and recommended actions for preventing future discrepancies.

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