Frequently Asked Questions
HOW LONG WILL THE CCG AUDIT TAKE?
We don’t really know until we begin. Since we don’t know what we will find it is difficult to know until we have been there about 2 weeks, at which time we will be in a much better position to estimate how long it will take. It may take only one month, however we like to say that you should plan on 3 months, and if we are there longer it is a good thing for both of us, since it means we would still be recovering money.
HOW MUCH DO YOU THINK YOU WILL FIND?
Again we never know. It is a rough gauge to say that a $300 million company will generally have about $100,000 in recoveries, but we have seen these numbers vary up and down dramatically.
HOW MUCH OF MY STAFF’S TIME WILL YOU NEED?
After an initial orientation, to the AP System and processes within the department, we would probably need maybe 10 minutes a day with one person or another. This time is greatly reduced as we become more familiar with the organization and the practices. To some extent we will take some of the load from your staff, since while talking to suppliers they inevitably ask us the status on certain invoices.
HOW MANY CAMBRIDGE PEOPLE WILL BE AT MY COMPANY LOCATION?
Only one, and a manager now and then and for weekly meetings. We do not come in and take over your conference rooms with 12 people and demand reports like the Big 5 firms generally do.
WHAT OTHER SUPPORT WILL YOU NEED?
We don’t need any support. We bring our own computer and printer, and the only support we would need is in terms of information before we start, and that takes the form of AP and Purchasing history from SAP, Oracle or which ever system you use. This is provided by IT. After that we do not need anything. We do not need you to run reports for us. We are self sufficient
YOU MENTION IT SUPPORT. WHAT DO YOU NEED FROM MY IT DEPARTMENT?
In order perform the sort of analysis we need to do, it is necessary to obtain a download of the paid history files from the system. For Oracle, SAP and Baan, we have created scripts that can be run that will automatically select and store the necessary information we need, which relieves your IT from doing almost everything.
WHAT RESOURCES WILL YOU NEED FROM US?
We need only a cube, with voice mail, email access on your system, and if we cannot connect to your network, then we would need a dialup analog line. As long as we have access to a copier and general invoice and PO paperwork, we are set to go.
WHY SHOULD WE UNDERTAKE THIS PROJECT?
Money is not the only reason. The best reason is to have independent validation of your existing accounting practices by an independent company. The results of our work help to uncover any flaws in your systems and procedures and allow you to see ways to improve your departmental efficiencies. Additionally, our service is cost free. We only get paid if we are successful in recovering lost revenue for you. Every single company has lost profits hidden somewhere in AP, purchasing, advertising, shipping and receiving or some other department. We can realistically only review the last 3 years, so the longer you wait to begin, the more is being lost as the documentation and transactions age beyond three years.
WHERE DO WE GO FROM HERE?
We suggest you call our references, since they will allow you to corroborate the recommendations we have given you. Then we should sit down and put together a game plan, since the quicker we get started, the sooner you begin to see recoveries, and these go straight to your bottom line.