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What is a Risk Analysis?
A Risk Analysis will tell you where your company may be at risk of overpaying your vendors.
How much will it cost?
There is no cost to you to upload your data, obtain your free Risk Analysis, and determine your audit needs.
Is my data secure?
Our client data security is very important to us. Your data is uploaded and stored in our secured data center.
Please see our privacy policy for more information.
How long will this take?
Once your .csv files are prepared then it will only take you a few minutes to upload and map your data. We will email you
when your reports are complete. In most cases reports will complete within 15 minutes. If you uploaded large amounts of
data it may take longer.
What are the data requirements?
Click here for a printable list of data requirements.
I don't have a .csv file, can I upload other file types?
At this time we only accept .csv files. Most software will export to a .csv file. Contact your system administrator for help.
I am missing some columns required for data mapping, what should I do?
If your data file is missing some required columns, please contact us,
our data engineers may be able to extrapolate the needed data from your other data files.
How do I know if I uploaded and mapped my data correctly?
The system will change the status to “Report Pending”. If there are any problems with the data we will contact you.
Why does Kraft Group offer a Vendor Analysis?
The vendor analysis will show how many vendors are in your vendor Master File and missing important information. Many clients are
alarmed at the number of vendors in their vendor master file and realize they may need to de-activate many of them. Vendor Master
files can often get out of control resulting in payment errors, credit hold, and sometimes fraud.
My Invoice Analysis shows a high number of potential duplicate payments, is this number correct?
The total you see is "potential". Kraft Group analyzes 12 standard duplicate payment reports and flags those items that need further
investigating. Many of these amounts will be refunded from your vendors, however some will not. A good rule of thumb regardless
of your company size is one tenth of one percent of total payables will be overpayments. Kraft Group can help you locate those overpayments.
How can your Purchase Detail report tell how much I overpaid without looking at a contract?
Good question...it can't. The potential overpayments in this report are not based on contract price but on the "usual" price.
If the price spikes and then drops to the "usual" price then Kraft Group calculates the higher price as a potential overpayment.
In most cases a contract will result in even larger recoveries.
How do I get more information based on the reports I received?
We will be happy to speak with you regarding your audit or consulting needs, click here
to go to our Contact page.
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