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V4 Services

Recovery of your money through forensic reviews of payments


Nottingham Hospitals NHS Trust case study
NOTTINGHAM UNIVERSITY HOSPITALS NHS TRUST - SIX FIGURE SUM RECOVERED FOLLOWING SPEND RECOVERY AUDIT

A project focused on duplicate and over payments to suppliers and a review of credit notes, by our delivery partner, MeridianV4 Services, has returned a six figure sum back to Nottingham University Hospitals NHS Trust.

80% of the total value recovered was achieved within six weeks of the project starting and all recoveries were delivered in line with expectations set before the project started.
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Worcestershire CC case study
WORCESTERSHIRE COUNTY COUNCIL - OVER £180,000 RECOVERED WITH SPEND ANALYSIS AND RECOVERY SERVICES

Following a detailed examination of all expenditure with third parties, from 1 April 2008, to identify duplicate payments, overpayments, credit notes not processed and unclaimed VAT, £180,000 of spend was recovered for the council.
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Cabinet Office spend recovery audit
CABINET OFFICE - UNDERTAKES SPEND RECOVERY AUDIT

Following the government directive of 2013 stating all central government departments must undertake a spend recovery audit, the Cabinet Office engaged with the market to seek a specialist consultancy to perform an external review of their accounts payable function via the Crown Commercial Service Spend Analysis and Recovery Services (RM1037) agreement.

MeridianV4 Services were appointed to conduct the audit.
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Central Bedfordshire Council spend recovery services
CENTRAL BEDFORDSHIRE COUNCIL - OVER £500,000 RECOVERED FOR COUNCIL

During a period of 18 months, Meridian V4 Services worked with Central Bedfordshire Council to identify and recover funds via a series of recovery reviews.

The initial project scope was to undertake a purchase ledger review (recovery audit) to identify; duplicate payments, credit notes not processed and any other opportunities to recover funds due to the council from suppliers.

The project exceeded initial council expectations and achieved over £100,000 of cash recoveries.  Some of this returned money was re-invested in a telecoms audit, following potential opportunities from the first stage, recovering a further £400,000.
download Central Bedfordshire Council_Spend Recovery
Telecoms Audit
CENTRAL BEDFORDSHIRE COUNCIL - £300,000 RECOVERED BY UNDERTAKING A PRICE COMPLIANCE TELECOMS AUDIT

MerdianV4 Services undertook a forensic examination of the council’s telecoms expenditure with a main landline provider, to identify and recover any historic overcharges and highlight opportunities to optimise current billing.

Our services were procured via Crown Commercial Service Spend Analysis and Recovery Services Agreement (RM1037).
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Local government transformation
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