Mid-tier firm Grant Thornton LLP has announced the acquisition of Recovery Cost Auditing Group (RCAG), a specialist billing audit firm based in Lancashire, in a bid to build up its assurance services
RCAG performs forensic audits of retrospective billing of energy and telecom costs through a team of experienced analysts, using the analysis to obtain rebates and savings for their clients.
The firm uses in-depth experience and knowledge of known deficiencies of charging structures to perform an independent retrospective audit of expenditure and are able to go back six years identifying anomalies not always available to the end customer.
RCAG says the errors it analyses are typically contained 'at source' within the supplier billing system, and so are not usually picked up by the customer. It identifies refunds and savings opportunities and will negotiate with suppliers to agree any repayments.
RCAG clients include private and public sector organisations such as House of Fraser, Unilever, Network Rail, Nottinghamshire County Council, and Trinity Mirror.
Scott Barnes, GT CEO, said: ‘RCAG is a great business, and the team is highly experienced, with good long-term working relationships with all major energy and telecoms suppliers.
'This acquisition is part of our on-going strategy to broaden out our existing assurance offering for clients, and this is a great additional service to offer our dynamic client base, freeing up funds for them to reinvest in their business and help them grow.’