Prevention vs Profit Recovery
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Transcript of Prevention vs Profit Recovery
![Page 1: Prevention vs Profit Recovery](https://reader034.fdocuments.net/reader034/viewer/2022050714/55aab9a21a28abaf3b8b4856/html5/thumbnails/1.jpg)
Prevention vs Recovery
A story about financial controls and your best friend Buddy
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I want to show you how you can shift focus from
recovery to prevention when it comes to lost
profits from payment errors.
My name’s Jason,
Thanks for stopping by and checking out my presentation.
Hi
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Take a moment to consider:
Is there any instance when it’s better to recover
something that’s lost, rather than prevent losing it?
My name’s Jason,Hi
…OK, I’m sure there’s gotta be one, but I can’t think of it.
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Better to keep your keys in a good spot….
….than frantically search for
them on the way out the door
Example:
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Sometimes, recovery seems to be the only way.
But……
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Buddy is your best friend
You want to keep Buddy as safe as possible
This is Buddy
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The problem is, Buddy tends to run away
and get lost
So you buy Buddy a tag
This is Buddy
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I mean, that’s what you do to protect Buddy, right?
But tags don’t guarantee anything
And rewards are… $$ Expensive $$
This is Buddy
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But what if you could use technology to keep Buddy home?
But… (again)
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And what if Buddy is just like your company’s profit?
=
What If?
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And that Gold Prairie works just like the invisible fence?
=
What If?
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Gold Prairie uses continuous monitoring
technology to analyze EVERY transaction
in your payment process in near real time
And runs a series of tests to flag instances
of risk or payment error
How does it work, you ask?Hmm…
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By catching errors during the payment process, you
can PREVENT your company’s profits from being lost
=
It analyzes my transactions, so what?Why do I
care?
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Gold Prairie can be configured to identify any sort of risk or error that
can be found in your payment data
Common areas include:
• Duplicate AP payments
• Duplicate P-Card transactions
• Incorrect T&E payments
• Payments to wrong vendors
• Policy Auditing
• Fraud risk
What kind of errors can you find?$
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Q: What ERP systems does Gold Prairie work with?
A: Gold Prairie is ERP agnostic and works with any ERP system.
Q: What sort of IT resources are needed?
A: With our SaaS model, setup is minimal – just a data feed.
Q: What kind of results can I expect?
A: On average, Gold Prairie reduces the cost of a traditional recovery audit by about 80%.
Q: What is the time investment for implementing Gold Prairie?
A: The average set up time and training period is about 3-5 days.
Q: What is the typical ROI timeframe?
A: On average, you’ll achieve full ROI within 30 days, the rest is all gravy.
Some frequently asked questionsFAQ
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The best way to start is with a brief discovery call.
If further evaluation makes sense, you’ll be on your way to learning
how Gold Prairie can make an immediate impact on your company.
If not, you’ve only invested about 5-10 minutes of your time.
That’s a small investment with a BIG upside!
How about a quick phone call?
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Shoot me a phone call or email:
• 5-10 minutes
• No pressure, no email lists, no invisible fences
• Mention this Slideshare presentation and receive a Starbucks gift card
• C’mon, do it for Buddy
Jason Mutz630-563-2793
www.goldprairie.com
Click to follow Gold Prairie
Again, my name is Jason – let’s talk
Call Me!