SpendMend Profit Recovery
Are you doing everything you can to stop financial leakage?
Every Organization Has Financial Leakage
Every year, Medical Industry Suppliers lose untold millions due to financial
leakage in the cost cycle. But there is hope; the errors can be corrected,
and the lost revenues can be recovered. By performing an industry leading
SpendMend Recovery Solution, your company will identify and reclaim losses
while at the same time gain insights and visibility into your processes.
This means you can prevent these errors from occurring again in the future.
Although every audit is unique, SpendMend follows a tested 7-step process:

The Features of the SpendMend
Recovery Solution
Recovery Solution
Duplicate Payment Audit
Proprietary searches and scripts
Statement Audit
Automated outreach and OCR to
maximize credits
maximize credits
Contract Compliance
Price-change monitoring to
ensure
terms
terms
Online Portal
Real time insight and visibility into
results and reports
results and reports
Reporting & Analysis
A robust suite of reports to drive
improvements
Offsite and Efficient
Offsite workforce will not require
system resources
system resources
The Benefits of Using SpendMend to Stop Your Financial Leakage Include
Industry Leading Recovery
Receive $1.24M per every $1B in
annual
spend
spend
Visibility & Insight
Gain in-depth Root-Cause
Analysis
for all claims
for all claims
Future Loss Prevention
Enjoy a 59% rate-of-error
reduction within 2 years
Improved Processes
Experience key process
improvements
Time Savings
Reduce resource drain through
SpendMend's recommendations
SpendMend's recommendations
Negotiating Leverage
Negotiate favorable terms by
leveraging
audit insights
audit insights
The Role of Dark Data
Dark Data is critical information that organizations collect, process and store during regular
business activities, but generally fail to use for other purposes. Left unchecked, this unseen
information drives financial leakage. For over 28 years, SpendMend has shone a light on
dark data, illuminating control gaps, reducing cost and recovering lost revenue.
Have questions or want to schedule a meeting?
Call us 616.729.0255