Portfolio
Success stories
Profit recovery involves the concentrated examination of accounting data, with a view to uncovering benefits for our clients.
International rubber manufacturer
The client is a major rubber products and tyre manufacturer, with a global footprint. 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.
Large cinema group
The client is a large cinema group with more than 400 screens country-wide and approximately 60 000 seats. The client had recently engaged another service provider, but PRS was given the opportunity to do a follow-up review of the group’s data with the goal of recouping additional losses.
The outcome
Our analysts identified nearly 10 000 processing errors and helped the client recoup a substantial amount in unclaimed input tax benefits.
Diversified mining company
The client – a company focusing on manganese and iron ore mining, as well as the production of manganese alloys – employs well over 6 000 permanent staff.
The outcome
Our detailed analysis uncovered substantial savings for the company. We found that the failure to claim valid input tax credits resulted from a range of factors, including processing errors, inexperienced staff and the incorrect treatment of once-off and unusual transactions.
Gold mine
The client is a mid-tier gold producer and a world leader in surface gold tailings retreatment.
The outcome
PRS extracted the data from the mine’s ERP system. Using our software, we confirmed that the company’s internal controls worked well. While the recoveries were lower than expected, we still managed to recoup a substantial amount and the client considered the review a valuable exercise in business improvement.
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