
Everyone wins when you get it right sooner! RecoverNow is our near real-time audit option built around today's high speed Internet. Clients put their money back to work sooner, vendors see old claims disappear and category managers see recovery go back to margin. There are many sound reasons to adopt this new methodology including the one-time windfall of near real-time recovery concurrent with the last post annual audit recovery.
Industry studies reinforce the need to accelerate recovery audits, but until recently accomplishing this task was neither cost effective or technologically feasible. Web application audit tools provide increased efficiency enabling ongoing, monthly audits that detect and correct errors on a near real-time basis.
The process includes set up of systematic transmission of transaction data to ATG on a daily, weekly and monthly basis depending on the data table. Data is then prepared and placed in our data warehouse for access by eRecover, ATG's web audit tool. The timing for each audit routine is mutually established so as not to conflict with normal business processes. Case in point, the timing of a warehouse billback audit routine would be performed no sooner than 30 days after the close of each program to provide clients' Accounts Receivable personnel time to initiate their billings; Off-Invoice audit routines would be initiated as soon as feasible as there is no business reason to delay the process. Timing of each routine is jointly established with our clients in order to best support their needs.