Despite purchase to pay controls and invoice approval processes, errors in suppliers' charges for services and goods are often undetected, resulting in unnecessary and wasted expenditure. This is a replacement of the previous framework which realised in the region of £12 million p/a for LPP member trusts.
This framework includes a number of providers who will: identify sources of lost cash, conduct audits of categories of spend, and recover overpayments.
- Deliver immediate cash savings on a no win no fee basis
- Enhance operational control and efficiency
- Provide high value audit reporting over payment and purchasing operations
- Provide key performance metrics and benchmarking
- Save time and effort required for tendering any of the services under this agreement
- Provide a fully EU compliant framework
- Consistent terms and conditions of contract
- Opportunity for further savings through further competition