The UK’s largest suppliers pay well in excess of £200m each year to their retailer customers for historic promotional activities.
When we undertake a sales audit one of our routines is to reconcile the funding paid to the stock sold to your customers. This often reveals errors that result in significant claim amounts due in the suppliers favour.
Collating, extracting and processing data is time consuming and complicated process for your staff.
This is one of the reasons why the retailers employ forensic auditors to conduct their claim reviews.
When Salitix conduct a sales audit, we work with you to identify and extract various types of data in order to ensure we have a successful outcome.
A typical review will uncover the following overcharges made by the retailers:
- Double Funding on stock supplied
- Duplicate Funding
- Discounted Stock Overbuy
- Overrider Payments where triggers, or terms not met
- Fixed Funding for activity that did not proceed as agreed
- Deliveries not invoiced
- Promotional Activity that did not proceed
- Pricing errors, either quantity or cost
A sales audit is the key tool to defending audit claims and identifying unknown overpayments to the retailers that can be off-set against current claims received.