Broniec Rolls Out AuditMax® Software for Better Audits

ATLANTA - Nov. 13, 2013 - PRLog -- Broniec is well-known for a number of things in the accounts payable audit arena. Early on, they led the industry in providing contingency-based audits which have now become standard practice. They also made moves to stand apart from the competition by offering audits that were both automated and manual in nature, getting superior results by combining the methodologies. Now, their very own proprietary software is taking the effectiveness of recoveries to an even higher level. And, they are sure to be followed!

AuditMax® is an intelligent tool that digs deeper than most systems. It finds overpayments in a multitude of categories including duplicate/erroneous payments, pricing errors, cash/volume, discounts, freight, sales tax errors, and unclaimed property. Multiple sets of data may be merged, whether from internal or external sources. The audit reports created from this information help the audit team to identify lost funds quickly.

Since Broniec is a large firm with over 40 years of experience, their massive internal database is incredibly useful and may be tapped into using the AuditMax® software. This database contains vendors whose practices and invoicing methods have resulted in past claims. Comparing this information to the client’s vendor masterfile can often lead auditors to the source of the problem. At the conclusion of the audit, the software can also be used to scrub the client’s masterfile of duplicate or erroneous entries, so that they can start again with a “clean house”.

According to Broniec’s mission statement, the company is dedicated to staying current with audit technologies and best practices. It says, “We will ensure our stability and long term prospects for growth through continual innovation in auditing techniques and our internal procedures.” If AuditMax® is any measure of that commitment, they have made good on their promise so far.

For more information, visit Broniec at http://www.broniec.com/audit.html