Expense Audits
The expenses associated with running your business seem to be ever-increasing, which means your earnings are slowly but surely being siphoned away. If your profits are stagnant or declining, how can your business stay afloat or expand?
Ray Hodges Financial Group can help you enhance your profits using contingency-based expense audits that require no upfront investment to get us started. We offer the following expense audits that could be just what you need to grow your profits:
Reduces credit card merchant expenses, especially in Card Not Present (CNP) environments including B2B and eCommerce companies, by reviewing the processing plan and reducing the non-negotiable fees through processing optimization.
Identifies and reduces workers’ compensation premium overcharges by reviewing the past five to seven years of classifications, experience rating calculations and premium audit calculations. Seventy percent of all companies have been or are currently overcharged for their workers’ compensation premiums.
Lowers the client’s monthly expenses for solid waste, medical waste and recycling disposables by finding billing errors, overcharges and other cost reduction opportunities. We evaluate client invoices, service agreements, equipment, current service levels and pricing structure.
Using proprietary audit software, we download the invoices from vendors each week and use cost-saving optimization analytics to secure refunds due to the client from the current carrier.
