NEWSROOM
Catch up on the latest CPRS updates, news coverage, and more.
Surprising Study Shows Added Benefits of AP Recovery Audits
Bellevue, WA (March 2025) – A surprising new study by the leader in cost recovery solutions shows added benefits coming from the well-known industry practice of Accounts Payable (AP) Recovery Audits.
CPRS, which solves payment-accuracy problems for the world’s largest corporations, has 30 years of recovery audit experience, helping companies recover billions in lost profits. CPRS goes beyond traditional recovery audits, using proprietary, AI-powered technologies and industry-leading audit expertise to provide customized solutions.
“Many senior financial executives use AP Recovery Audits as a routine cost-recovery measure. However, an audit’s impact extends far beyond reclaiming lost funds,” said Dan Berg, Senior Vice President of CPRS. “AP Recovery Audits provide invaluable insights that drive efficiency, strengthen compliance, and improve vendor relationships, ensuring long-term financial and operational health.”
Through its work, CPRS has identified five additional benefits to AP Recovery Audits, including stronger vendor relationships, improved P2P and S2P processes, increased policy compliance, enhanced financial insights, and an expanded culture of continuous improvement. Read the CPRS blog for more details on the hidden ROI and 5 added benefits of AP Recovery Audits.
CPRS – KSU Partnership is Pioneering AI Advancements in Recovery Auditing
Bellevue, WA (March 2025) – Designed to explore emerging Artificial Intelligence (AI) and Machine Learning (ML) concepts in recovery auditing, a new partnership between CPRS, Inc. and Kennesaw State University (KSU) is expanding the boundaries of cost recovery technology.
Through an ongoing pilot project conducted in collaboration with KSU’s Center for Data Science and Analytics, faculty and students are working alongside CPRS experts to develop advanced algorithms that enhance duplicate payment detection and optimize data analysis in the cost recovery industry.
“By collaborating with Kennesaw State, a Carnegie-designated doctoral research institution, we can leverage our combined state-of-the-art resources to pioneer AI and ML advancements in our field,” said Dan Berg, Senior Vice President of CPRS, the leading Cost Recovery Audit firm in North America. CPRS delivers innovative solutions to payment-accuracy problems for the world’s largest corporations.
"This partnership demonstrates how cutting-edge research can directly impact and improve industry practices while providing our faculty-and-student team with hands-on experience solving real-world challenges,“ said Dr. Sherry Ni, Chair of the School of Data Science and Analytics at KSU’s College of Computing and Software Engineering. “By collaborating with CPRS, we are advancing AI and machine learning solutions that not only deliver high-value technologies but also prepare our students to lead in data-driven industries.”
The partnership is a multidisciplinary effort, engaging faculty and students from multiple colleges and departments across KSU. Researchers are applying state-of-the-art machine learning and visualization techniques to detect duplicate payments and identify compliance risks.
“By integrating advanced ML and large language models into our technology stack, CPRS can continually enhance the performance and efficiency of our audit solutions. This partnership allows CPRS to continue setting the benchmark for audit, tax, and contract compliance leadership,” Berg concluded.
“I am proud of the work of our team, comprising faculty members from IT and business disciplines, as well as graduate students, who apply state-of-the-art machine learning and visualization techniques to detect duplicate payments,” said Dr. Ying Xie, Professor of Information Technology. “We are excited about the opportunity to expand this partnership to develop further AI solutions addressing compliance challenges in the industry. Collaborating with CPRS enables us not only to advance academic research but also contribute meaningfully to economic development by integrating AI into enterprise applications.”
CPRS helps its clients recover nearly $250,000 every day, uncovering systemic errors and recovering lost profits that traditional ERP systems often miss. For more information about CPRS’ partnership with Kennesaw State, or CPRS cost recovery solutions, contact us.
As U.S. Construction Booms, Silent Costs Found in CapEx and MRO Expenses
Bellevue, WA (January 2025) – The U.S. construction industry is experiencing an unprecedented boom, with construction spending up 6.5 percent in the first 11 months of 2024, according to the U.S. Census Bureau’s Monthly Construction Spending report. This surge coincides with stubbornly high costs for labor, equipment, and materials.
But there are “silent costs” hidden in construction expenses that can be 2-to-5 percent of project invoices, say the auditing experts at CPRS.
“For example, the new $2.1 billion home of the Tennessee Titans football team could have as much as $100 million in silent costs hidden in project invoices,” said Dan Berg, Senior Vice President of CPRS, a Cost Recovery Audit firm delivering innovative solutions to payment-accuracy problems for the world’s largest corporations. CPRS helps its clients recover millions of dollars in invoice payment errors using proprietary, AI-powered technologies and industry-best Recovery Audit experience.
With more than $700 billion worth of construction megaprojects (projects valued at more than $1 billion) announced in North America in the last 5 years, huge project expenses are being tallied nationwide. More recently, the federal government’s CHIPS and Science Act is investing nearly $53 billion to bolster U.S. semiconductor capacity. All this spending creates massive construction projects, and massive opportunities for errors and mismanagement.
“At a time when accounting, project management, and other tracking software are at their finest, silent costs in CapEx and MRO expenses still linger. They’re tough to find when you have invoices with hundreds or even thousands of line items,” Berg said. “The silent cost is the sum of billing errors that go unnoticed, occurring outside of the compliance systems most companies utilize. Errors and overcharges can have a significant impact to the bottom line.”
A third-party billing validation process is the best approach to finding and fixing “silent costs,” Berg continued. “The best billing validation processes not only identify and reconcile silent costs, but also create system improvements to prevent them in the future. These processes include root cause analysis and other analytics to define the source of error, and where applicable, deliver recommendations via defined feedback loops meant to fix those root causes at the source.”
CPRS’ Contract Billing Validation Services follow a rigorous process to compare vendor invoices or project cost summaries to the contractual terms governing the payment of invoices. CPRS provides a comprehensive suite of services, including Active Invoice Review, Cost Summary Review, and Recovery Audits.
“Many clients are using our new Active Invoice Review process to find invoice errors before paying that invoice,” Berg added. “With CPRS Active Invoice Review, we can validate for accuracy before your internal approvers see the final invoice, saving you time and money by eliminating the costs of rework and outright errors.”
CPRS has 30 years’ experience helping companies with billing validation and systems improvement, using a mix of proprietary technology and the best-trained audit team in the industry.
For more information on CPRS Contract Billing Validation Services, visit the CPRS blog or click here to download the “Silent Costs” white paper.
As Labor Costs Rise, So Can Invoicing Errors
CPRS has the $67,000 Solution to Finding Labor-Cost Savings
Bellevue, WA (August 2024) – As spiraling labor costs make employers dizzy this summer, a new blog from CPRS, Inc., is providing solutions to finding labor-cost savings.
According to Reuters, labor costs rose 4.4% year-on-year in the first quarter. Errors and overpayments on contract labor invoices can be identified and recovered, often for tens of thousands of dollars. CPRS helped a client in the EPC-sector uncover significant non-contractual overtime charges totaling $67,382.84, a whopping 18.5% of the invoices submitted and approved.
“In the EPC-sector, businesses are used to dealing with complex contracting and onerous overtime rules,” said Dan Berg, Senior Vice President of CPRS, a Recovery Audit firm known for superior client satisfaction and outstanding ROI. “But the same complexity that protects the business-vendor relationship also creates opportunities for inaccuracies.”
CPRS used its Comprehensive Invoice Review Process to find hours invoiced that did not meet the criteria for overtime billing. Overtime was billed before the 40-hour work-week was reached. The CPRS audit teams, recognized for their extensive industry experience and expertise, conducted an audit guided by experience to reveal the overbilling.
In addition, using the CPRS Pearl™ Platform provided a flexible, web-based suite of tools that was tailored to meet the client’s 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.
For more information on this $67,000 solution, visit the CPRS Blog or click here to download the Finding Labor-Cost Savings Case Study.
CPRS Appoints Jeff Meaux as Vice President of Business Development
Bellevue, WA (May 2023) – CPRS, Inc., is pleased to announce the appointment of Jeff Meaux as the new Vice President of Business Development. In this role, Jeff will spearhead CPRS’s strategic growth initiatives, forge key partnerships and drive business expansion.
Jeff brings a wealth of experience and a proven track record in business development. With his dynamic leadership skills and visionary mindset, we are confident in his ability to steer our business development efforts to new heights.
“We are delighted to welcome Jeff Meaux to our leadership team,” said Rick Beck, CEO of CPRS. “Jeff’s extensive experience and strategic vision make him the ideal candidate to lead our business development efforts. As CPRS continues to innovate and provide comprehensive cost recovery solutions, Jeff will play a pivotal role in driving our growth and expanding our client base.”
As the Vice President of Business Development, Jeff will be responsible for identifying new business opportunities, developing strategic partnerships, and driving revenue growth. He will work closely with our executive team to define and execute CPRS’s business development strategy while ensuring alignment with the company’s mission and vision.
Jeff Meaux,
VP of Business Development
CPRS Appoints Matt Holmes as Vice President of Audit Operations
Bellevue, WA (February 2023) – CPRS, Inc., is pleased to announce the appointment of Matt Holmes as the new Vice President of Audit Operations. In this role, Matt will play a crucial part in overseeing CPRS’s audit processes and ensuring compliance with regulatory standards.
Matt brings a wealth of audit recovery experience that will serve our clients well. Matt has a deep knowledge of Contract Compliance and Accounts Payable audits and has led numerous process improvement engagements across a wide variety of industries.
“We are thrilled to welcome Matt Holmes to our executive team,” said Rick Beck, CEO of CPRS. “His exceptional leadership and deep understanding of audit operations make him an ideal fit for this role. As CPRS continues to expand and provide innovative cost recovery solutions. Matt will be instrumental in ensuring the integrity of our processes and upholding the highest standards of accountability.”
As the Vice President of Audit Operations, Matt will be responsible for establishing and overseeing comprehensive audit procedures, monitoring risk management practices, and providing guidance on regulatory compliance. His expertise will further enhance CPRS’s commitment to delivering transparent and reliable payment solutions that meet the needs of our clients.
Matt Holmes,
VP of Audit Operations
CPRS Acquires the RAS-Softvision Assets from Cognizant
Bellevue, WA (September 26, 2022) – CPRS, Inc., leader in payment optimization, is pleased to announce the completion of our acquisition of the RAS-Softvision assets from Cognizant.
“We are fortunate to expand our team into India and benefit from an experienced IT and Audit team who have been supporting Recovery Audit Service (RAS) clients for many years. Integrating this talented team and innovative technology will accelerate CPRS’s progress toward world class technology offerings in both real-time and traditional P2P billing validation,” said Rick Beck, CPRS CEO.
Over time, we will leverage our combined infrastructure and complementary services to deliver even better value and faster delivery times to our customers while simultaneously raising the bar in providing an industry leading user experience for our employees.
Rick Beck, CEO
About CPRS
CPRS, Inc., based in Bellevue, Washington, is the leading provider of profit recovery solutions to Fortune 100 companies across all industries in North America and Canada. CPRS identifies and recovers financial leakage across the procure-to-pay cycle. CPRS specializes in comprehensive post-review reporting to make process improvements and reduce future lost dollars. Our savvy team of audit professionals believes in doing the extra legwork to get beyond the “low hanging fruit” that defines too many in our industry. Instead, we propose a thoughtful, tailored approach based on meticulous sleuthing and harmonious teamwork. All with one goal in mind: to uncover meaningful, repeatable and substantial recoveries. For more information, visit www.cprs-inc.com.