Real-Time Reviews

Contain costs, improve transparency, and track supplier performance

The best way to contain costs is to review them before being incurred and paid. Revenew's Real-Time Reviews can ensure:

• Identification of potential over-billings and overpayments (cost avoidance).
• Improved transparency into cost and budget calculations and change requests, aligned with compliance and risk management best practices.
• Claims and disputes are not assessed unless supported by verifiable costs, reducing operational risk.
• Hard-dollar recovery of prime/sub-contractor, vendor, and supplier overcharges.
• Detrimental practices are revealed and replaced with process improvement strategies.
• Help to meet strict regulatory and insurance compliance requirements to ensure cost reimbursement if applicable.
   

We take a Triple ROI approach to maximize the Real-Time, Retrospective, and Preventative impact on your organization

Pinpoint Ideal Suppliers: Scoping exercises target the best candidates, and our team’s high success rate in the process is driven by field experience and operational audit insights. 

In-Depth Analysis: We take a deep dive into suppliers who scored high in the selection process. Overbillings are documented, validated, and shared with you and your suppliers. 

Identify Trends: Invoice reviews typically reveal trends that impact past invoices in prior periods for recovery opportunities.

Eliminate future issues: We add best practices language and clarity to contracts for cost savings down the road. 

Our process ensures you’re accurately charged and receive full entitlements based on contract terms. 

Our team of experts understands which suppliers to review and problem areas often subject to overcharges—saving your bottom line from potential losses in the millions. 

• Due diligence and capability gap analysis for best candidate selection.
• In-depth review of all critical terms and conditions on selected agreements with suppliers and contractors.
• Over 140 audit tests are performed.
• All components of each invoice line-item analyzed.
  • Cost-based pricing validation.
  • Personnel classification and labor cost build-up.
  • Incorrect mark-ups/margin.
  • Incentives, discounts, rebates, cost-sharing.
  • 3rd party charges/reimbursement.
• Tracking with validation of labor, equipment, and material in the field.
• Assistance with negotiation and collection.