Company Description
An experienced powerhouse for recovery audit in Dallas, Tx, GALOSI has recovered millions of dollars for Fortune 500 companies in the retail, grocery, distribution and service based industries. Consisting of experienced auditors and IT professionals, each member of the GALOSI team has been in the audit industry for 10 years or more. With this experience, they developed unique, customizable software that allows them to design recovery audit programs based on their client’s actual processes rather than the "cookie cutter" methods of competitors.
GALOSI uncovers the root causes of payment errors in the accounts payable, vendor funding and merchandising departments and delivers hard evidence to support the recovery of all vendor claims. GALOSI’s management and reporting services extend above and beyond profit recovery audits and can include the various areas within their client’s daily operating systems. In many cases, the identification of system improvements that are revealed during the audit is more valuable than the dollars recovered. This, combined with the competitive marketplace that businesses operate in daily, makes ‘Recovery Audit’ an essential ‘Best Business Practice’.
GALOSI’s main focus is to establish trust with their clients and their clients’ vendors, operating as an extension of their clients- something that is just as important as the financial results they deliver.
Products/Services Offered
GALOSI is an innovative service provider in the Recovery Audit Services Industry with proficiency in recovering profits from Accounts Payable and Purchasing Systems. Their comprehensive recovery auditing organization is dedicated to maintaining excellence in the industry and surpassing the service expectations of our clients through our highly trained and qualified auditing team. GALOSI performs comprehensive reviews of each client's Accounts Payable and Purchasing Systems in order to detect lost profits.
Although there are various ways over payments can occur, the most common are: Duplicate Payments
Pricing Errors
Incorrect Invoices
Overlooked Discounts
Missed Credits
Disregarded Allowances
ADDITIONAL SERVICES:
Tax Recovery Audit
Last year there were 430 changes made to the US tax code.
It is almost impossible to be an expert on the 50,000 pages of tax code that vary from state to state and to remain current with the multiple changes in code that occur each year. GALOSI is a powerhouse of expertise and results, and is determined to provide your company with the information it needs to save you money. Most of the tax code changes can even be applied retroactively, which translates into more dollars back in your bottom-line. Just like any auditing service provided by GALOSI, you will receive a full report with your Tax Recovery Audit that contains a detailed list of recoveries and a complete review of your internal processes with suggestions for long-term solutions that maximize financial success for your company.
Telecommunication Services Audit
According to Business Management Magazine, telecommunications expenses average 3.6% of a company’s revenue, and the Fortune 500 spends $58 billion on telecom alone.
As technology changes, telecommunication bills and contracts are often difficult to understand and more than 90% of invoices contain errors that result in overcharges. GALOSI will provide individually tailored, cost reduction Telecommunication Services Audit strategies and solutions to help your business gain control and manage all of your telecommunication expenses. GALOSI’s services and custom software utilize proven methods that include the identification and recovery of overpayments of services and contracts for: Telephone (Toll-Free and Long Distance), Cellular/Wireless, Internet, Data, Equipment Lease and Maintenance.
Direct Store Delivery Audit
According to the Institute of Management and Administration (IOMA) it costs a business between $9 and $13 to process the average invoice. For each invoice that contains an error and must be reconciled, the cost can increase to around $50.
Direct Store Delivery (DSD) is a quick, convenient way to deliver or receive a product, yet the process can prove costly for your business. The chaos and stress of receiving deliveries and completing a transaction of hundreds of different items at one time, even including promotionally priced merchandise, can often result in unfortunate human errors. These errors may never get reconciled, ultimately costing your company dollars that should be applied to profit.
Regardless of the transaction size, GALOSI will sort through every invoice and recover lost profits from Direct Store Deliveries that is owed to you. GALOSI will customize software for your Direct Store Delivery Audit to ensure that maximum recoveries are achieved. GALOSI’s staff is highly- skilled, experienced and engaged in maintaining precious client-vendor relationships for your business so future transactions can run smooth and error-free.
Real Estate/Tenure Audit
The Rent Regulation Reform Act of 1997 covers all rent overcharge cases and states if a landlord successfully overcharges a tenant for four years, then he gets to overcharge the tenant permanently.
Most commercial leases are complex and if not examined thoroughly, can often result in billing errors and excessive fees. These errors can be intentional charges that blatantly violate lease agreements, but most are simply mathematical errors. Over time, this can cause unnecessary overpayment of hundreds of thousands, even millions of dollars. The responsibility of finding any errors is often placed upon the tenant rather than the landlord, usually within a constrained time period. Since most tenants lack the needed time and resources, mistakes are ignored and payment is submitted without question.
GALOSI’s team of auditors will sort through every payment you have made to a landlord for monthly rent, additional occupancy costs (sometimes in the form of a rent surcharge), taxes, common area maintenance, and any unexplained charges to identify inconsistencies between established contract terms and payments previously rendered. GALOSI understands that much like your vendor relationships, a landlord relationship should also be handled with the utmost care and professionalism while working effectively to recover money that is owed to your company.
The benefits of this Real Estate/Tenure Audit service not only provide an immediate response to any overpayments, but GALOSI will give you the valuable knowledge and tools to ensure that future leases and billings remain controlled on an ongoing basis.
Management Team
Jose Garduno -
President
Joaquin Lopez -
Owner, CIO
Primary Location
GALOSI
16800 Dallas Parkway
Suite 230
DALLAS, TX 75248
