Technology-Insight
Since 1999, Technology Insight Corporation (TIC) has provided companies with results-oriented services & solutions to effectively manage every aspect of the Purchase-to-Payment data cycle. By combining revolutionary software technologies with practical root-cause analysis, TIC brings an unprecedented level of value to their clients. We understand that millions of dollars are at stake for our clients and are committed to a distinct end result: To reduce, recover and redeploy lost profits.
About PMBA
PMBA is a trusted provider of specialty tax services. With over 25 years of experience, PMBA delivers exceptional and innovative services including – but not limited to – Federal and State Tax Advisory Services, Software Implementation, and Asset Recovery. PMBA’s well-rounded team of “Big 4” alumni and tax professionals are dedicated to bringing seamless solutions so businesses can rest assured that their most complex tax challenges are in good hands.
The Benefits of Shared Services
By combining AP & Sales Tax Recovery projects into one review, your organization can significantly increase profit yields. Below is a sample of our successful projects from the past five years.
How It Works: TIC’s DataShark tool into every Recovery Audit performed, will help you to:
Prevent Errors in A/P
Detect errors earlier in the Procure-to-Pay process with Technology Insight’s DataShark tool.
Identify Duplicate Payments
Run hundreds of algorithms against your data, finding more errors & duplicates than with a standard software solution.
Recover Lost Funds
Receive aid during the collection process, allowing you to save resources and escape frustration.
Discover Open Credits
Our recovery audit team will retrieve your vendor statements, and analyze them to find open credits, duplicates, and other errors.
Manage P-Card Transactions
Ensure that P-Card transactions are up to company standards, as well as Time & Expense reports.
Clean Vendor Master Files
Technology Insight will clean your Vendor Master File, ensuring that all standards are met, and eliminating duplicate vendors.
Fight Against Fraud
We can serve as another line of defense to tackle the issues of embezzlement and other forms of accounting fraud.
Access Reports & Metrics
Analyze your entire company’s spend on a single platform, so you can identify any breakdowns or problem areas in your business.
Use of PMBA’s Business Asset Recovery Tool (BART):
Identify Sales Tax Overpayments
Our database of over 100,000 vendors will help companies identify sales tax errors.
Identify Use Tax Errors
Self-accruing tax has a very high error rate, BART will uncover these errors.
Process Improvements
BART will identify opportunities to work with vendors to lower future errors.
Internal Resource Tool
The results captured in BART are available to the corporate finance team for various reporting purposes.
Audit Defense Analytics
The data captured by BART can be used to analyze your purchases prior to your next audit to identify potential exposure zones.
Demonstrated Success
AP Recovery Alone
Client
- Consumer Electronics Company
- Freight & Logistics Company
- Airline
- Food Services Company
- Healthcare Company
Recoveries
- $3 Million
- $2 Million
- $1.7 Million
- $1.4 Million
- $1 Million
AP + Sales Tax Recovery
Client
- $6M Technology Manufacturer
- $500M Fashion Retailer
- $1B Shoe Retailer
- $10B Dental Distribution
- $500M Hospitality Retailer
AP Recovery
- $5.5 Million
- $250K
- $275K
- $4.5 Million
- $250K
Sales Tax Recovery
- $1.5 Million
- $750K
- $900K
- $3.2 Million
- $575K