Profectus Group, a leading technology-driven services provider of compliance and recovery solutions, has won a deal with Australian retailer Barbeques Galore.
With more than 90 stores throughout the country, Barbeques Galore has been supplying Australians with barbeques since 1977. The retailer will leverage Profectus Group’s Accounts Payable (AP) and Rebate Audit services to undertake an analysis of its incoming and outgoing payments and rebates over the past four years, to identify revenue it is owed and claim those back to improve its bottom line.
“Profectus has a proven ability to identify anomalies and errors in historical transactions that will assist us in recovering any lost revenue it can identify over the past three to four years,” said Mitchell Koureas, CFO at Barbeques Galore.
Profectus Group’s own data estimates that, on average, between 0.75% and 1.25% of rebate income is missed.
“Barbeques Galore is a proudly Australian retailer and their footprint across the country is immense – and so too is the level of their sales, the deals they provide customers and more,” said Chris Hutchins, CEO, Profectus Group.
“In retail there is potential for financial leakage due to the sheer volume of suppliers they work with, and it’s tough for any retailer to maintain visibility over every transaction and available rebate.”
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