EXPENSE DUE DILIGENCE
We help companies validate their spends
Expense due diligence is very critical for overall performance of a business. It is very important to take well informed decisions on the expenses incurred for the business as poor choices can drive down the profitability of the business.
Planning
- Kick off discussion with the management and key stakeholders
- Scoping on the contracts to be evaluated having material impact on the profit and loss of the company
- Scoping on the contracts for compliance audit
- Sharing a detailed list of requirements to carry out the due diligence
We support you in optimising your expenses by
- Comprehensive vetting of existing and proposed expenses or service agreements
- Conducting benchmark audit wherein the expenses incurred are assessed and compared with the current market averages
- Assessing whether you are getting goods or services commensurate to the cost incurred
- Directly contributing to the bottom line of your business
- Conducting contract compliance audit to check whether your vendors or suppliers are meeting their obligations as per the terms of the contract
Contracts Evaluation
- Comprehensive vetting of the listed expenses or service agreements
- Conducting benchmark audit wherein the expenses incurred are assessed and compared with the current market averages
- Conducting contract compliance audit to check whether the vendors or suppliers are meeting their obligations as per the terms of the contract
Due diligence findings evaluation
- Discussion with management on our findings
- Evaluation of the total impact of the arrangements on the bottom line of the entity
- Alternate suggestions based on benchmarking survey
Completion
- Facilitating tie ups with alternate vendors
- Support in contract evaluation
- Presentations on final findings
- Debrief meetings with senior management
We work on net savings-based fee model for large contracts wherein our fees will be based on the actual amount you realised through your cost savings.