Profit Recovery Solutions (Pty) Ltd

Company Information

• Year Establish
• Description/Remarks Profit recovery entails a systematic review of all transactions to identify overpayments or unclaimed benefits, due to a company. Errors come in many forms: duplicate payments to suppliers, unclaimed input VAT, unclaimed credit notes, incorrect postings, or payments that differs from the contractual price as per agreement –to name only few.All organisations lose money this way – to a greater or lesser extent. These losses can and do run into millions of rands.Error rates increase significantly in the presence of certain high-risk factors, including high staff turnover, understaffed finance teams, merge