Effectus Group, a leading technology-driven service provider for compliance and recovery solutions, has won a contract with Australia’s leading retailer Barbeques Galore.
Barbeques Galore has more than 90 stores nationwide and has been serving Australians barbecue since 1977. Retailers leverage the Profectus Group’s Accounts Payable (AP) and rebate audit services to analyze past deposits and withdrawals and rebates. For four years, identify the income it owes and insist on regaining them to improve that income.
Mitchell Koureas, CFO of Barbeques Galore, said:
According to Profectus Group’s own data, Australia alone has 3.5 to 4.5 errors per 10,000 transactions between a company and its suppliers across sectors. In addition, on average, it is estimated that 0.75 to 1.25 percent of rebate revenue is overlooked.
Chris Hutchins, CEO of Profectus Group, said: “In the retail industry, the number of affiliated suppliers is so large that there is a potential for financial breaches. It is difficult for retailers to maintain visibility into all transactions and available rebates. . “
Profectus charges clients only when potential charges are identified and receives only a percentage of the total charge, guaranteeing a large ROI from the service.
Rich barbecue for grill transactions and rebates with Profectus Group
Source link Rich barbecue for grill transactions and rebates with Profectus Group