The document discusses spend recovery audits that can be performed by UK government departments and agencies. It notes that such audits aim to recover £100 million by identifying duplicate payments. The minister responsible estimates these audits have high potential rewards with low risk. Key questions to consider regarding a spend recovery audit include when to do it, how to access payment data, potential benefits beyond cost recovery, whether to outsource the audit, and how often to repeat the process.

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By Andrew Cushion, Managing Director, Twice2much
In partnership with BravoSolution

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“Analysis by the Cabinet Office shows that if all
government departments, agencies and non-departmental
public bodies undertake these (Spend Recovery) audits
we will be able to recover £100 million. So by December
2013 everyone will have to do this. It’s low risk, with high
potential rewards.”
Francis Maude, Minister of the Cabinet Office, Feb 2012

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FACT:
Duplicate payments happen. Even some of the most
complex and sophisticated finance functions in the world,
with strict and well resourced control processes, make
erroneous duplicate payments.

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Spend recovery audits can be
achieved at no cost to public sector
organisations or the tax payer

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So what questions should you ask when considering a
Spend Recovery audit?
1. Is it the right time?
2. How easily can I get my hands on the correct level of
data?
3. What are the wider benefits of a Spend Recovery audit?
4. Should I insource or outsource?
5. If significant recoveries are made, will this reflect badly on
my finance team?
6. How long will the exercise take?
7. Will my data remain secure and confidential?
8. How often should I repeat a Spend Recovery audit?
9. Do I need to tender to find a provider?
10. Is there a wider scope for savings?

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For all of the answers and further information, please
visit:
www.bravosolution.com/recovery