Find Labor-Cost Savings In Errors and Oversights
Are costs hiding in your contract labor expenses? Could unidentified labor errors be draining your bottom-line?
Spiraling labor costs are constantly in the news. If you’re seeking solutions to your rising contract labor costs, the answer might be as close as your invoices.
The $67,000 Solution
A CPRS client uncovered significant non-contractual overtime charges totaling $67,382.84, a whopping 18.5% of the invoices submitted and approved. Read on to learn how our Comprehensive Invoice Review process, industry-best Audit Team experience, and trademarked Pearl™ Software Suite turned costly labor mistakes into found revenue and reduced labor costs.
1. The CPRS Comprehensive Invoice Review Process
- When dealing with temporary labor, businesses often face complex contracting and stringent overtime rules. These complexities, while essential for protecting business-vendor relationships, can also lead to potential inaccuracies.
- Using our Comprehensive Invoice Review process, CPRS found hours invoiced that did not meet the criteria for overtime billing. Overtime was billed before the 40-hour work-week was reached.
2. An Audit-Team with Industry-Best Experience
- CPRS audit teams are recognized for their extensive industry experience and expertise.
- An audit guided by experience revealed an overbilling of $67,382.84 during the review period occurred.
3. The Power of Pearl™
- The CPRS Pearl™ Platform provides a flexible, web-based suite of tools that can be tailored to meet your specific needs.
- Using the Pearl™ claims portal, reporting dashboard and audit tools, the client was able to manage and analyze data effectively and securely, leading to tens of thousands saved.
Download the Find Labor-Cost Savings Case Study for even more details on the $67,000 Solution. Contact us to get tailored audit solutions for your business.