WHY AP REVIEW

Benefits for the Hospital

• Much needed revenue for the bottom line
• An independent assessment of systems and procedures
• Recommendations on how to improve productivity
• Feedback on GPO and local contract usage
• Information on problem vendors
• Benchmarking for payment and process
• Assistance on problem vendor meetings

Benefits for the Material Manager

• Contract usage and compliance
• Information on which products are not covered by GPO or local
• Assistance in cleansing the hospitals item master
• Non stock purchasing information
• Verify vendor pricing accuracy
• Potential future cost reductions
• Benchmarking

Benefits for the CFO

• An independent assessment of accounts payable
• Benchmarking for both the payables department and purchasing
• Feedback on GPO and local contract compliance
• Valuable dollars regained go directly to the bottom line
• Vendor analysis information
• Payment analysis information

Benefits for Accounts Payable

• Verify payment accuracy
• Identification of duplicate vendors
• Assistance with problem vendors
• Benchmarking
• Item master cleansing
• Tax training
• Vendor payment analysis
• Payment analysis information