CASE Study
Untangling a Lapping Scheme
Following the acquisition of a smaller company, the acquiring firm began to suspect irregularities in the accounts receivables. Invoices and payments were not matching up and leadership needed to rapidly determine the breadth and depth of the issue. Given the volume of transactions over multiple years, it was clear that a technology-driven solution was required to quantify the impact.
The CFO turned to global consulting firm, J.S. Held, to complete a recalculation of the accounts receivables balance.
Because “lapping” was suspected – when payments from one customer are applied to a different customer’s account – check analysis was critical.
Process
Outcome
Customer Testimonials
“There was a lot of pressure to get accurate calculations out the door quickly. Valid8 was critical in our ability to get to those numbers.” -Ken Feinstein, CFE, Managing Director
“We were able to get our output in just a couple of days versus weeks or even a month.” -Ken Feinstein, CFE, Managing Director
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