Recover Overpayments

Identify and recover excess payments to Vendors for the past years using Gadlang’sproprietary solution

www.gadlang.com

2

Duplicate / Over Payments prevention has a major role in

minimising lost profits for large and mid-size organisations,

as they can expect to pay out considerable amounts

(between $500k to $1Mn+) annually due to duplicate /over payments

made in error.

Overpayment Recovery

3

Most of the organizations areoperating currently with a false senseof security.They rely on System based controlsand Process based controlsHowever, the key issue is that boththose controls are interdependent oneach other and if one fails, so doesthe other.

Wake Up!

Accounts Payable ERP controls are easily over-ridden if a duplicate/over-payment is not identified. Business Process Controls are notconsistent across organizations,Quality check is not done on a large sample size – leading inevitably to issues not being identified

Control Weaknesses

Duplicate payments make upbetween 0.05% and 0.1% of annualinvoice payments*, If yourorganization makes $50 million inannual invoice payments you arelikely paying out $50,000 or morein duplicate payments per year.

Magnitude

* As per Institute of Internal Auditors

Why does this need focus?

01

02

03

04

05

06

Factors

Change caused by ERP/workflow implementation

Fraud

Implementation of Shared services / 3rd Party BPO

Vendor inefficiency / malpractice

Non-existent / low sample

check based Quality Check

Resourcesattrition / negligence / shortage

What factors influence their occurrence?

5

How can these be identified?These errors can only be detected by specialized tools not available to both Internal Audit teams, as well as most of the Auditors

Low Risk High Risk

Volume of Transactions

Low (<50K)Medium (50K-

250K)High (250K+)

Invoice Processing

80%Automated & 20% Manual

50% Automated& 50% Manual

20% Automated & 80% Manual

Process Controls

PO adherence Vendor Master maintained Data Entry done perfectly

PO system not followed

Vendor Master not maintained Data entry not controlled well

System Controls

Special ERP controlmodules enabled &

activated

ERP not having controls / special control modules not

activated

Which type of organisations need worry?

Low Risk High Risk

NoCosts!

Minimum Time!

Instant recovery!

No Set-Up Costs

No Costs if we do not recover your lost profits!

Almost no time required from your team

Our team will work mostly offsite to enable

Results in as little as 6-10 Weeks

Average recovery of $ 0.5 Mn to $1.25 Mn

per $1 Bn of Payables spend

What is the catch? None!!!

8

01

Transfer Data

Impairment of Assets Intangible Assets

02

Apply

03

Process

ERP data (along with Workflow data if available) is requested from client team

Our technical team cleanses the data to enable it to be uploaded into our Tools.

Use proprietary GPR (Gadlang Payables Recovery) toolkit on the data

Use multiple tools and algorithms to cover all error permutations and combinations

Identified overpayments to be manually checked in imaging workflow or request for original invoice to be tracked down

Cross verify in ERP and check for credit notes if any

Our Methodology & Approach

Confirm with vendor regarding Overpayment instanceHandover to Management for next steps for recovery

Provide separate Process Improvement Strategy if requested by Client

04

Report

Our proprietary

GPRS (Gadlang

Payables Recovery

Solution) toolkit with

its unique features and

tools, gathers all the

different permutations

of Duplicate

Payments

Usable with any ERP

Natural Language Processing Tool

Fuzzy Logic Matching Tool

Cluster Analysis

Outlier Detection

Domain based feature extraction

Our Solution gives us the edge

Our Talent Pool

10

Our Talent Pool

11

Yasir Gadit

CA

13 Years

Usman Alam

ICAEW

11 Years

Arslan Mushtaq

ACCA

15 Years

Khushboo Mushtaq

Professional Accounting

Affiliate

9 Years

Abdul Aziz Lang

FCA, SMMC-USA

28 Years

Farhan Osman

ACCA

7 Years

Bilal Shehbaz

CMA

8 Years

Shafat Ali

ACCA

6 Years

Sumaira Naz

Professional

Accounting Affiliate

9 Years

Sumaira Haqqani

MBA

4 Years

Amir Amin

ACCA

3 Years

And other Support Staff…

Sumit Debnath

M.Com ,Prince

2 Practioner

14 Years

Team Portfolio

12

TeamPortfolio

Gadlang’s Executive Summary

14

Who areWe

Gadlang Management Consultants is a Management Consulting firm

set out to catalyze business productivity. We work with executives to

help make informed decisions, convert those decisions to actions and

deliver the unimpaired success they desire. We are passionate about

achieving better outcomes for our clients—a payoff that goes beyond

just financials.

We create a positive consumer experience from the

awareness stage to the point of delivery and post-

delivery. Gadlang is all about creating a culture around

you and your business needs.

Our professionals offer valuable understanding and tailor

made solutions produced of deep industry expertise

gained in a wide range of engagements , sectors and

geographies.

We distinctively combine rigorous analysis with

extensive industry knowledge to provide sensible

solutions that deliver measurable, high-impact results.

We intensively use advance tech tools to serve all your

business needs. We are about Fear to Future. We strive

to serve without any security, privacy or complexity

concerns.

How do we add Value?

Our Service Charter

We Invest in building long-term trusted client relationships where we are seen as consulting partners and

not simply suppliers of consulting and change services.

We embrace change, keep our finger on the pulse and behave in the best interest of our clients and associates

without bending the truth.

We are committed to show the difference!

15

Taxation

ServicesVAT

Corporation Tax

Tax Planning & Structuring

Personal Tax

Accounting

& Related ServicesManagement Reporting

IFRS Technical Support

Book Keeping

Cloud

Computing

Management

ConsultancyChange Management

Corporate Governance

Strategy & Business

Organizer®

Policies & Procedures

Skills Enhancement

Company Formation

Corporate FinanceRestructuring

Mergers & Acquisitions

Transaction Advisory

Feasibility Study

Wealth Consultancy

Valuation

Due Diligence

Audit & Related

ServicesExternal & Internal Audit

Enterprise Risk

Management (ERM)

Risk Advisory

SmartsourcingBusiness Process

Outsourcing (BPO)

Managed Services

Digitalization

Services

Mobility

Cloud

What WeDo

Office 2819, Aspin Commercial Tower

Shk Zayed Road

Dubai, UAE

Walk:

advisor@gadlang.com

Write:

+971 (0)4 381 7414

Talk:

Peek:

Thank you for

letting us deliver.

17