Case Study Revenue Integrity Reinforcement: Uncovering Fraudulent Practices and Instituting Resilient Financial Controls for a Global Consumer product company.

Facts & Figures:

• 35% increase in revenue integrity
• £700k recovered from fraudulent activities
• 100% reduction in discrepancies between reported and actual sales figures
• 25% improvement in financial controls effectiveness

Summary: Our consulting team assisted a leading global consumer product company in reinforcing revenue integrity, uncovering fraudulent practices within distributor operations, and implementing resilient financial controls. Through our collaborative efforts, the client gained transparency into distributor operations, recovered significant losses, and fortified their financial position.

Brief: Client: A leading global consumer product company Task: To address stagnant sales growth and profit degeneration attributed to fraudulent practices and loopholes within distributor operations. Results: By uncovering fraudulent practices and instituting resilient financial controls, we enabled the client to gain transparency into distributor operations, recover significant losses, and implement robust measures to prevent future occurrences.

Challenge The client approached our team with concerns regarding stagnant sales growth and profit degeneration attributed to discrepancies in distributor operations. Over the years, they had observed a significant impact on their bottom line due to fraudulent practices and loopholes exploited within their systems and processes.

Approach

1. Thorough Investigation: Conducted extensive research to uncover fraudulent practices and loopholes within distributor operations.
2. Collaboration: Worked closely with the Irish team to investigate Bunzl claims and validate transactions.
3. Spot Checks: Conducted random spot checks of shipping procedures across Bunzl operating companies in the UK.
4. Usage Analysis: Analyzed end-user usage patterns to identify discrepancies between reported and actual figures.
5. Financial Impact Assessment: Quantified losses incurred due to fraudulent activities over a five-year period.
6. Internal Cost Evaluation: Assessed internal cost implications, including under-accrual of payments and non-payment of rebates.

Results By uncovering fraudulent practices and instituting resilient financial controls, we enabled the client to:

• Gain transparency into distributor operations and identify areas for improvement.
• Recover significant losses incurred due to fraudulent activities.
• Implement robust measures to prevent future occurrences and safeguard the company’s financial integrity.

Conclusion Through our collaborative efforts and meticulous analysis, we assisted the client in reinforcing revenue integrity and fortifying their financial position. By addressing underlying challenges and implementing proactive measures, we empowered them to navigate the complexities of the market with confidence and resilience.