| Our Approach: |
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Stage 1: Analysis of transactions and identification
of lost profit
Utilizing state of the art software we
perform detail-oriented analysis of all transactions.
With the use of this software we can quickly translate
the analysis into identification of profit recovery opportunities.
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Stage 2: Recovery of lost profit
The first step is communicating findings
to you preparing a complete vendor documentation package
in order to facilitate prompt recovery from your vendors.
Recovery is identified as vendor refund checks, vendor
approval of debits, vendor credits or reduction of future
liabilities.
In communicating with your vendors we
will always conduct ourselves as professionals in order
to maintain a positive relationship with your vendors.
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Stage 3: Presentation of report
At the conclusion of our engagement you
will receive a very useful report identifying all types
of findings and recommendations on how to prevent future
loss of profit.
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Types Of Findings
Here is a sample of profit recovery opportunities we have
identified for our current clients:
- Allowances
- Price discrepancies
- Missed discounts and rebates
- Overpayments
- Duplicate payments
- Discounts taken at incorrect dates
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What makes us unique?
Berman Goldman & Ribakow is distinctly different from other Profit
Recovery firms. First, the training and experience of our certified
public accountants facilitates a more extensive and detail oriented
approach to recovering your businesses lost profit. Second, based
on our work we will prepare a report that will list findings and
recommendations of how to improve your accounting processes and
businesses transactions so future loss of profit will be prevented.
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