About Us
What is profit recovery?
Profit recovery involves the concentrated examination of accounting data, with a view to uncovering benefits for our clients.
Our Story
Established in 2009, Profit Recovery Solutions (PRS) is a technology company with an outstanding track record in recovering taxes and penalties for clients, across a range of sectors.
We are a 51% black women-owned company and a Level 2 B-BBEE contributor.
We draw on state-of-the-art software, proven processes and the experience of our analysts to deliver exceptional results for our clients. Our technology solutions were designed to recover lost profits, prevent financial leakage and increase transaction certainty for the companies that use our services.
With a strong emphasis on results, PRS has successfully recovered profits for more than 850 clients over the past decade.
Our Values
We focus on results.
We strive for continuous innovation.
We have a sense of urgency.
We are committed to integrity and trustworthiness.
We build mutually beneficial relationships.
Why request a profit recovery review?
Apart from helping you recover lost profit, our reviews can provide you with the confidence that processes and systems have been improved to ensure compliance.
Certain high-risk factors significantly increase transaction error rates. These include high staff turnover, understaffed finance teams, mergers, and the implementation of new accounting systems.
Millions of transactions
Our experts use PRS’ bespoke software and systems to review millions of transactions
Data challenges
We’re equipped to transform any data to a standardised format in order to apply our data-mining algorithms
Finding the cause
Part of our process is to determine where and why errors occurred, so that you can address the problem and take preventive action
99% of projects
The percentage of projects where we have secured a positive outcome for clients
Success Story
International Rubber Manufacturer
The client is a major rubber products and tyre manufacturer, with a global footprint. The company The company approached PRS to assist with a high-level review.
The outcome
Using our proprietary technology and processes, we identified serious shortcomings in the way the client dealt with accounts receivable transactions at branch level. We also discovered missed input tax credits on accounts payable and cash book transactions.