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Discoverers

Unlocking the Potential of Savings for Global Companies
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By Solutions

Recovering lost profits is crucial for any business, and we understand the challenges that CFOs and finance leaders face in achieving this. Despite having the best financial systems and processes, discrepancies can still occur, resulting in significant losses. That's where our Recovery as a Service (RaaS) solution comes in.

Our proprietary technology platform, combined with our decades of audit expertise, enables us to identify and recover lost profits for businesses. We quickly review large amounts of ERP data and explore over 100 possible scenarios of errors in ERP processes to pinpoint discrepancies that are difficult to detect.

With our RaaS solution, CFOs and finance leaders can focus on strategic initiatives and growth opportunities, knowing they have a partner who maximizes their financial resources. We have recovered over half a billion dollars for Fortune 500 clients, and our customizable recovery audit solution is tailored to meet each business's specific processes.

With a track record of delivering multi-million dollar savings to Fortune 500 companies, we understand the importance of a leak-proof Accounts Payable process. Our AP Recovery Audit solution utilizes cutting-edge technology and expert analysis to help businesses recover lost profits and identify areas for process improvement.

Our team of seasoned professionals has achieved outstanding results for clients across diverse industries, having recovered over half a billion dollars to date. Prioritizing accuracy and efficiency, optimizing their financial processes, and preventing future discrepancies.

Partnering with us means taking a proactive approach toward enhancing your bottom line and ensuring financial integrity.

Every penny counts when it comes to your company's bottom line. But with thousands of vendors, millions of transactions, and countless moving parts, & navigating the intricate landscape of pricing negotiations, promotions, and service agreements can be daunting for retailers. Errors can easily slip through the cracks in your source-to-pay process. These errors can cost your company millions of dollars in lost revenue.

Our solution uses advanced analytics and machine learning to identify gaps in your processes and systems and prevent future errors while helping you quickly recover any lost money. With our proven track record of working with some of the largest retailers in the US, we're confident that we can help your business unlock the value in your retail merchandising processes and improve your bottom line.

Contracts are the backbone of any business, but managing compliance with them can be daunting, especially when dealing with multiple vendors. Failure to comply with contract terms can lead to significant revenue loss and increase the risk of legal disputes.

Our advanced technology-enabled approaches analyze supplier contracts, invoices, and other related data to identify non-compliance and areas of a profit leak to uncover the root cause of non-compliance and recommend contractual or process improvements that can lead to significant cost savings.

Companies often lose millions of dollars annually due to deduction disputes. With countless hours spent managing these disputes, it's no wonder that millions of dollars are lost yearly. One of the root causes of these disputes is the complex and fragmented nature of the source-to-pay process. This process involves multiple parties, including vendors, procurement teams, and finance departments, and requires the coordination of various documents and agreements. With so many moving parts, it's no surprise that errors and discrepancies can occur, leading to deduction disputes.

Our solution utilizes advanced analytics and machine learning algorithms to identify gaps in a company's source-to-pay process and prevent future errors. The platform integrates with multiple systems and data sources, allowing it to capture all relevant information and ensure that all parties involved in the transaction are working with the same data.

By improving the accuracy and efficiency of the source-to-pay process, companies can minimize the risk of deduction disputes and improve their bottom line.

In today's competitive business landscape, keeping a close eye on every dollar spent is essential. That's where Spend Intelligence comes in as a game-changing solution that helps businesses take control of their spending. With Spend Intelligence, companies can analyze purchasing data to identify areas of overspending, negotiate better contracts with vendors, and optimize their overall procurement strategy.

Our Solution leverages the power of advanced analytics and machine learning to provide businesses with actionable insights into their spending patterns and behaviors. The benefits of Spend Intelligence go far beyond cost savings. By optimizing spending, companies can improve supplier relationships, enhance overall procurement processes, and unlock new opportunities for growth and profitability.

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How it works?

Day - to - day procurement, invoice, and promotion issues are pushing many businesses to seek a solution that will help them manage unstructured data., and gain control and insights. Here isthe process for what Discover Dollar does as a solution approch.

Collection and
Mapping of Data

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Claims identified
by Discover Dollar

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Claims
Approval

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Recover overpayment
from vendor

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Multi Million
Dollar P&L Impact

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Software as a Service

Learn More About Solution

In the world of procurement, overpayments, and leakages are persistent problems that can cost companies millions of dollars. The root cause of these issues lies in the sheer complexity of procurement processes involving many contracts, invoices, and payments. When there are discrepancies in any of these areas, it can be difficult for companies to detect them promptly, leading to overpayments and lost revenue.

An overpayment occurs when a company pays more than it should for goods or services, often due to errors or discrepancies in invoices or contracts—such as incorrect pricing or discounts not being applied.

Discover Dollar's Resolve is designed to help companies address these issues by leveraging the power of AI and automation. By integrating with ERP systems and other procurement tools, With Resolve, you can achieve a 4x ROI and mitigate the risk of financial losses due to leakages and overpayments. Don't let your hard-earned profits slip through the cracks - take control with Resolve.

Discover Dollar Search is an AI-powered procurement data search tool to help businesses uncover potential areas of leakage and savings. Analyzing vast amounts of data from multiple sources, including invoices, contracts, and purchase orders, can identify discrepancies and opportunities for cost optimization, giving businesses a deeper understanding of their procurement data. With this increased visibility, companies can enhance their cost management capabilities and achieve significant cost savings. Don't let valuable profits go to waste - take control of your procurement data with Search.

Frequently Asked Questions

Q What is Discover Dollar?

Discover Dollar is a leading technology company that specializes in revenue leakage recovery and cash flow optimization solutions for businesses. Our innovative software and services help companies identify and recover financial leakage, improve procurement processes, and enhance overall profitability.

Q How does Discover Dollar's profit recovery solution work?

Discover Dollar's profit recovery solution leverages advanced data analytics and machine learning algorithms to identify financial leakage within a company's operations. By analyzing large volumes of transactional data, our Ai Powered detects errors, overpayments, pricing discrepancies, and contract non-compliance, allowing businesses to recover lost profits.

Q What industries does Discover Dollar serve?

Discover Dollar serves a wide range of industries, including retail, manufacturing, hospitality, healthcare, and more. Our solutions are adaptable to various business models and can be customized to meet the specific needs of each industry.

Q How many clients is Discover Dollar currently working with?

Discover Dollar serves a diverse range of clients across various industries, including l Fortune 2000 companies to large enterprises. While we do not disclose specific client numbers, we take pride in our strong and growing client base. Our reputation for delivering effective solutions and achieving tangible results has attracted a significant number of organizations seeking to optimize revenue recovery and improve cashflow. We value the trust and confidence our clients place in us and are committed to delivering exceptional services tailored to their unique needs.

Q What is the ballpark leakage for a company of our size?

The ballpark leakage for a company of your size can vary based on several factors. However, it is not uncommon for even the best-run companies with a revenue of approximately $1 billion to experience losses ranging from $1 million to $5 million annually due to revenue leakages and overpayment scenarios. These losses can stem from various sources, including contract discrepancies, pricing errors, duplicate payments, and process inefficiencies.
To help you gain a better understanding of the potential revenue you may be losing, check out our revenue leakage calculator to estimate the potential financial impact and identify areas where revenue may be leaking.

Q How can Discover Dollar's solutions benefit my organization?

• Discover Dollar's solutions can benefit your organization in several ways, including:
• Increased profitability through profit recovery and cost optimization.
• Enhanced visibility into financial operations and supplier relationships.
• Improved procurement processes and reduced purchasing costs.
• Mitigated financial risks and improved compliance with contracts and regulations.
• Streamlined operations and improved efficiency.

Q What happens after you find leakages and we fix them? Won't you stop finding issues?

Once Discover Dollar identifies revenue leakages or overpayment issues, we collaborate closely with your team to initiate the recovery process I.e., Recover money until it hits client bank account and implement necessary process improvements. Our solution analyzes new data, identify and address any potential future leakages or process gaps. This ongoing analysis provides valuable insights and  recommendations to help your organization maintain robust financial controls and optimize contract performance. Our dedicated team of experts works hand-in-hand with you to ensure sustained improvement and maximized financial outcomes.

Q How long it takes to start and deliver results?

The time to start and deliver outcomes depends on several factors, including the complexity of your business processes, the volume of data, and the specific solution you are implementing. Typically, it takes a 4 to 8 weeks from the initial engagement to the delivery of tangible outcomes. During this time, we work closely with your team to configure the platform, integrate with existing systems, and extract the data.

Q Who within our organization would be more relevant to discover dollar solution?

Discover Dollar's solutions are typically relevant to multiple stakeholders within an organization. The finance, procurement & accounting teams are often the primary users of our platform, as they are responsible for improving the overall financial health of the organization. IT departments are also involved in the implementation and integration process, ensuring smooth data flow and system compatibility. Senior management and legal teams may also be involved in decision-making and oversight.

Q We already have internal controls in place. Do you still think there is a leakage possibility?

While having internal controls in place is essential, it's important to recognize that revenue leakages can still occur despite these measures. Discover Dollar has encountered numerous cases where companies had robust internal controls and processes but were still
experiencing revenue leakages. Our  experience working with clients across various industries has shown that even organizations with stringent controls can benefit from our specialized expertise and advanced technology.
When we initially engage with clients, we often hear similar sentiments about their existing controls being sufficient. However, our comprehensive analysis and deep dive into their data have consistently revealed revenue leakages and overpayment scenarios that were previously unnoticed. By leveraging our expertise and tools, we have successfully identified and recovered substantial amounts of lost revenue for our clients.

Q How long does it take to implement Discover Dollar's solutions?

The implementation time depends on the size and complexity of your organization. Discover Dollar follows a structured implementation approach tailored to your specific requirements. Typically, the implementation process takes a few weeks to a few months.

Q Can Discover Dollar's solutions integrate with our existing systems?

Yes, Discover Dollar's solutions are designed to integrate seamlessly with various ERP systems, including SAP, Oracle, and Microsoft Dynamics. Our implementation team will work closely with your IT department to ensure a smooth integration process.

Q Does Discover Dollar provide training and support during and after implementation?

Yes, Discover Dollar provides comprehensive training and support throughout the implementation process and beyond. Our team of experts will train your staff on using the software effectively and provide ongoing support to address any questions or concerns.

Q What are the different data sets you need for this activity?

The specific data sets required Accounts Payable, Vendor Master, and other data dependent on the process we are improving. Our implementation team will work closely with you to determine the necessary data sets and guide you on data extraction and preparation.

Q How much of IT effort involved in extracting and transferring the data?

The IT effort required for data extraction and transfer depends on your existing systems, data sources, and the complexity of integration. Our implementation specialists will work closely with your IT team to define the data  requirements, establish data connectivity, and ensure smooth extraction and transfer. We provide detailed guidance and support throughout the process to minimize the IT effort required from your team.

Q How much effort is needed from our team? Who all have to be involved?

Discover Dollar's solution implementation process requires active involvement from your team. Key stakeholders, such as finance, procurement, and IT personnel, need to be engaged throughout the implementation. They will provide necessary data, collaborate on system integration, participate in training sessions, and contribute their expertise to  ensure a successful deployment. Our implementation specialists will guide your team through the process and work closely with them to minimize the effort required.

Q How does Discover Dollar prioritize data security and ensure the protection of sensitive information?

Data security is of paramount importance at Discover Dollar. As a trusted industry leader, we hold ourselves to the highest standards. We are ISO 27001 and SOC 2 Type 2 certified company, demonstrating our commitment to  implementing robust information security practices.
To safeguard your data, we employ cutting-edge technologies and adhere to industry best practices. Our secure infrastructure is designed to ensure the confidentiality,  integrity, and availability of your information. We utilize advanced encryption techniques and enforce stringent access controls to prevent unauthorized access or breaches.
To continuously enhance our security  measures, we conduct regular security audits and assessments. These proactive evaluations help us identify and address any potential vulnerabilities, ensuring that your data  remains protected at all times.

Q How does Discover Dollar handle data and data practices? Is it within the client environment or Discover Dollar.

As mentioned earlier our company holds ISO 27001 certification, which demonstrates our dedication to implementing robust information security practices. Additionally, we have achieved SOC 2 Type 2 attestation, further validating our commitment to maintaining stringent data security measures.
Whether your data resides within your own  environment or is transmitted to Discover Dollar's environment, you can trust that we  deliver the same level of impact. Our data security protocols are designed to provide  consistent protection regardless of the data's
location.

Q How long have you been in business?

We have been in the IT industry since 1985. We started off as a data processing unit at that point in time and grew today to a Total IT Solutions company with footprints across Globe.

Q How is pricing determined for Discover Dollar's solutions?

Pricing for Discover Dollar's solutions is based on various factors, such as the size of your organization, the complexity of your operations, and the specific services required. Our sales team will work closely with you to provide a tailored pricing proposal based on your unique needs.

Q How can we measure the return on investment (ROI) from implementing Discover Dollar's solutions?

Discover Dollar provides a comprehensive ROI analysis to help you measure the impact of  implementing our solutions on your organization's financial performance.