CBIZ Risk & Advisory Services

Cost Recovery Services With today’s current economic conditions your business faces continued challenges to its bottom line. The increased pressure of bottom line profitability has forced management to tighten up internal controls. The problem is that most companies cannot employ enough resources to continually identify, assess, and maintain the areas of their business where overcharges and leakage may be occurring. The cost recovery professionals of CBIZ Risk & Advisory Services have developed a proprietary program that can assist you with meeting your profitability goals. Let our experts show you how our contingency based recovery services in the areas of Accounts Payable, Telecommunications, and Common Area Maintenance (CAM)/Lease Audit can add immediate real dollars to your bottom line. We encourage you to put our audit experts to the test by assisting your organization with reducing expenses and waste, identifying overcharges, and recovering your profits. CBIZ Risk & Advisory Services invites you to take advantage of these no risk opportunities to enhance your bottom line.

CAM/Lease Audit Recovery Services Occupancy costs represent a significant expense for most companies that annually continue to rise. Common Area Maintenance (CAM) charges may include utility costs, tax allocations and escalations, repairs and maintenance, landscaping, advertising, parking lot charges, insurance, and management fees just to name a few. While your property manager may have a tracking and billing system in place, it is often lacking the proper control and monitoring on your behalf. Whether variable or fixed, CAM overcharges are the result of many of these annual increases. An annual review of includable costs and final adjustment billing warrants proper control and oversight. Let our experts audit your lease arrangements and enhance your lease relationships by examining your lease language, the facility portfolio, and lease administration to ensure that your company’s costs are appropriately allocated.

A retail tenant was leasing mixed use retail space. The tenant was responsible for their pro rata share of expenses in excess of base year rents. The audit revealed and recovered management fee overcharges in excess of $300,000.

An audit of a Midwest office tenant lease with significant CAM charges for repairs and maintenance showed defects in the original office construction. A recovery of over $400,000 in CAM overcharges plus the elimination of all future charges.

Accounts Payable Recovery Audit (APRA) An APRA can help your company identify, validate, document, and recover overpayments made to vendors and suppliers in a seamless manner, thus adding real dollars to your bottom line. This no risk, contingency based service is designed to enhance your financial performance, alleviate competitive pressures and reduce challenges to revenue growth and profitability. Our “best practice” audit methodology is delivered by experienced professionals with proven successes and state of the art technology and support. Because your employees focus their efforts on present and upcoming needs, we know that very little time and attention is spent reviewing invoices, purchases and contracts for inconsistencies in disbursements. Our process is thorough, flexible, and supportive; with recovery implemented in a professional, non-threatening manner.

A large services corporation returns $224,000 of incremental profit to its bottom line as a result of an escheatment of unclaimed property.

An Accounts Payable Recovery and Procurement Audit resulted in a recovery of $3.9 million and best practices internal controls implementation.

Telecommunications Recovery Audit The telecommunications marketplace is full of vendors who inundate businesses with calls selling phone, voice, and data plans which promise to save you money. Unfortunately, many of these promises fall flat. With limited time and resources, many companies simply receive and pay their bills. Lost in the process is the waste generated by the wrong rates being applied, double billing, hidden fees, and being charged for services never installed or cancelled. Our specialists focus on the recovery of historical overcharges appearing on your monthly telecommunication invoices and are prepared to assist you in reducing your telecommunications prospectively. Our clients typically see 10% - 30% reductions in their telecommunications expenses as a result of our assessment.

A multi-location regional supermarket chain saved over $120,000

A national consumer services company with over 100 locations saved over $470,000

A large publicly traded real estate development company saved over $500,000

For more information please contact us at: 1-866-956-1983 or RASinfo@cbiz.com