Monitoring Vendors

Lost control over payments to suppliers? Satisfied with your service provider's end results? Does your outsourcing serve the interests of the vendor more than your own? Our outsourcing audit will provide answers and solutions to these and other questions that may be troubling you.

How did all this outsourcing business begin?

For some years now, good business theory dictates that an organization should devote its major energies solely to its core business activity. As a direct result, work which the organization does not want to do has been passed off to subcontractors and external consultants in a process generally known as "outsourcing".

So, what's the problem?

For the most part, the process is usually successful, the organization reaps the rewards of the outsourced labor, and it builds for itself an ever-increasing following. But in the race to move all the work out of house, very often the organization's control capabilities are thrown out with the proverbial bath water. While the subcontractor does work under a very tightly defined contract, no one in the organization really monitors the work closely.

Very often, this leads to the feeling that the subcontractor has more to gain from the process than the organization itself. And even more so, the organization may be left with the feeling that it has lost control over the outsourced process.

What can we offer your organization?

We can help you take back the "reigns" and put you back in the driver's seat. We can provide you with an approach to ensure that the organization profits from the process no less than the subcontractor.

How is this done?

We make an in-depth examination of the subcontractor's work, including the following parameters: Did he comply with the terms of the agreement between the parties? Were the guidelines and directives stipulated by the organization properly followed? Was the company provided with the required service? Did the subcontractor act in accordance with all laws and statutory requirements, as well as proper working procedures? Did the subcontractor overcharge for his services?

Why should the contractor agree to be audited?

First of all, he is not interested in losing you as a valued customer. In addition, he will be interested in having an objective and professional entity check his work processes and efficiency. This in turn could possibly contribute to his bottom line as well. A large part of our work is conducted at the contractor's site where his work is examined.

What is our experience in this field?

Our firm is the leading provider of this service in Israel. Our customer list in this specific area of expertise includes the following large Israeli organizations: the Accountant General's office of the Israeli Ministry of Finance, the Israel Lands Administration, the Me'uhedet Sick Fund, and many private and publicly traded companies.

In conducting our work, we take advantage of the best professional services our firm has to offer, including, accountants, internal auditors, experts in information systems auditing, and forensic accountants.

How much will all this cost you?
The exact amount will be mutually determined either as a flat fee, or on the basis of a percentage of the savings you achieve through our help. The important factor is that as a result of the service we provide, you can expect your profits to grow.