Cost Recovery Group

With the signing of two major contracts,  continued growth within Cost Recovery Group ensures that our clients are receiving the best possible service for their business. Continued expansion is greatly enhanced by the professionalism showed by CRG in relation to other recovery type companies, which can be verified by companies who have used others and wish to compare.
Please contact us for details on this

Cost Recovery Group also announces the additional service of fraud recognition. In the last 12 months our methods have lead to the discovery of internal staff having misappropriated funds for their own benefit. Our data analysis is such that anomalies are identified and investigated fully. These types of detections are referred to senior management and appropriate action taken.

To date the amounts identified in relation to internal fraud is now AUD 1.7 million dollars.

Based on experience, we can recover in lost profits, from 0.1% to 0.3% of your annual revenue with no risk to you. For example:
if your annual purchases are $500 million your recovery potential is from
$500,000 to $1.5 million.

WHY USE Cost Recovery Group Pty Ltd ?

• Immediate results
• Cost efficient
• Professional
• Minimum drain on resources
• Always accessible
• Expertise to do the job right
• No investment, no risk
• Comprehensive recommendations to improve your operations and profitability
• System health check
• Manual and computer examinations
• Diagnostics of audit results with summary and detail reporting
• Confidentiality
• References are available which include companies from private sector to government
• Contingency based or “per week” basis - you control the exposure
• Free benchmark service to compare your own or external checks
• Data recovery from lost or deleted hard drives to investigate possible fraud

Our compensation for recovering lost clients dollars is totally contingent upon our success. We take pride in the fact that our success lies not only in putting funds back to work for you, but, at the same time, in maintaining that very important relationship between your organisation and your suppliers.

Our examination can be computer-driven or done manually. We perform multiple year audits whereby we examine accounts payable history of paid invoices, freight charges, rebates, returns, leases, purchase orders, vendor statements and outstanding debit balances and GST issues. We write the claims, obtain your approval, and handle all related supplier correspondence.

Having commenced operation in Australia in 1999, Cost Recovery Group’s recoveries have topped the AUD 59.3 million dollars (AUD) to 1st of July 2008, in addition our success in analysing GST errors has also resulted in substantial refunds back to the client(s) as a result of incorrect BAS statement lodging. Our experience with the Australian Taxation Office helps our clients pursue the dollars that are rightfully theirs.

Additional services introduced in 2004 have been in the area of Data Recovery, which was requested by some of our clients. This service will bring to light any possible breaches of company policies while the employee is still employed or after the employee has ceased employment. This service has had tremendous success in potentially identifying fraud. Please call us to discuss this further.