TAG Philosophy
 
A trained mind is the best asset to recover funds and identify process improvements. We staff our teams with intelligent professionals who are able to manipulate electronic files, interpret their results, discuss findings with appropriate personnel to further understand whether – and to what extent – a payment or refund error took place, and based upon all information and data received act in the best interests of the client.

TAG's Audit Sequence

  1. TAG IS department receives vendor transaction data approximately four weeks prior to start of the review.  Data is converted into TAG’s proprietary analysis tool, SOS™, and provided to the audit team for its initial review.
  2. Audit team goes onsite, meets A/P, Accounting, Purchasing, I/S, Materials Redesign Team, Internal Audit, and other necessary departments to explain the audit process and obtain understanding of purchasing/payables flow.
  3. Audit team begins review of paid invoices, purchase orders, receiving reports, purchasing contracts (national and local), service agreements, capital, tax, and other documents that provide explanation for paid transactions.   
  4. TAG conducts weekly or bi-weekly meetings with client project manager to present identified claims to appropriate personnel. (These findings can be utilized to develop process maps or compare process maps to actual operation for potential redesign.)
  5. After all documentation is thoroughly reviewed and all claims to be generated from the review are processed, a closing meeting is scheduled with client personnel to present an overview of the audit.  At that meeting TAG will present an executive summary of audit results.  All discovered errors are compared to industry standards to establish appropriate benchmarks.  Causes of errors are identified and mapped for full understanding of scope and impact. Recommendations for corrective actions are presented and discussed.
  6. A final audit report is generated within 30 days.
  7. Collections of outstanding claims continue until all claims are settled.