Telstra connects with Profectus Group’s audit expertise

Telstra connects with Profectus Group’s audit expertise

Profectus Group has signed an agreement with Telstra to help Australia’s largest telecommunications provider identify instances of overcharging from suppliers.

Telstra is Australia’s leading telecommunications and technology company. It provides 18.8 million retail mobile services, 3.8 million retail fixed bundles and standalone data services and 960,000 retail fixed standalone voice services. It is also one of Australia’s largest employers, with a total workforce exceeding 37,000 people.

As the backbone of Australia’s communications sector, it relies on suppliers to support its significant retail and wholesale arm, its employees and more.

Profectus’ role will be to audit the invoices of one of its suppliers in the immediate term to help it identify instances of it being overcharged by the supplier, and help it recover finances it is entitled to.

In the longer term, Profectus is well positioned to help suppliers identify how errors might have been made and assist them in rectifying those issues for future invoicing.

“Telstra’s importance to Australia’s economy can’t be understated and its reach extends beyond its metaphorical four walls and into a supply chain that touches almost every aspect of Australian life,” said Chris Hutchins, CEO, Profectus Group.

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