ARI’s 6-Step Process
Each ARI audit is unique but structured based on our time-tested process. Explore the general steps we will take to provide you with The ARI Advantage.
Contact ARI’s Team of Experts
Begin your journey by contacting ARI to learn how your organization can benefit from The ARI ADVANTAGE. Discover how our 100% contingency-fee based reviews focus on meeting your auditing objectives precisely, quickly, and in the least obtrusive manner possible.
Discuss the general characteristics of your business with a team of ARI experts to determine which services would be most beneficial. Decide to engage our services and gain The ARI ADVANTAGE for your organization.
process
Step 1 – Preliminary Audit Meeting
- Participating in a Confidential Audit Planning Interview, Secured via Bilateral Protective Agreements and ARI’s Risk-Free Auditing Standard
- Identifying the Unique Characteristics of Your Organization, such as:
- Size – annual revenue, number of employees,
- Past Performance – financial history, future outlook
- Industry – trade practices, regulating/governing body
- Current Controls – internal, external safeguards in place
- Previous audit experience – internal/external review, results
Step 2 – Designing and Building Your Custom ARI Audit
- Designing an Individualized Audit Plan Focused on Addressing the Business’ Specific Areas of Concern, Including:
- Explanation of steps in contemplated audit, timeline for review
- Prioritization of audit objectives, client directives
- Selection of scope, depth, areas to audit
- Assignment of audit director, team, other resources
- Setting Expectations for Both Parties During Review Process
- Establish best practices for data use
- Monitor claim progress from generation to submission
- Confirm reporting, other deliverables requested during audit
- Review and Confirm ARI’s Final Audit Design
- Confirm audit proposal precisely identifies, establishes goals accurately
- Confirm scope, timeline, procedure for audit
- Confirm roles, responsibilities, resources assigned under audit plan
Step 3 – Executing the Auditing Plan
- Data Transmission, Analysis, and Creation of Final Client Database
- Request Data Required for Audit from Client’s IT Department
- Unpack Data, Review for Accuracy, Completeness
- Combine, Refine, Clarify Data Within ARI’s Proprietary Analytical Tools
- (If Necessary) Request Additional Data
- Load Data into ARI’s Propriety Software, Preparation of Data for Manipulation
Step 4 – Claim Identification and Generation
- Multi-Pass Claim Identification Process
- First-Pass Data Manipulation – begin claim identification based on common trouble areas to maximize speed, volume of initial recovery
- Second-Pass Data Manipulation – drill deeper, search for additional errors based on trends identified via first-pass, client specific directives
- Final-Pass Data Manipulation – insights developed via previous passes used to confirm no additional claims remain unidentified
- Claim Generation
- Analysis of claims identified for compliance with audit plan parameters, client directives
- Assignment of claims to clerical staff for compiling supporting documentation, additional backup
- Review claims for accuracy, assemble finalized claim packages, alert client of claims ready for upload
Step 5 – Claim Submission, Monitoring, and Vendor Correspondence Management
- From claim generation to final deduction, ARI handles all tracking and changes to claim status, such as:
- Track Claim Status from Upload to Deduction
- Upload Claims to Portal Based on Client Approval, Notify Vendors of Pending Claims
- Address Vendor Correspondence Approving/Denying Validity of Claims
- Consult Client for Special Handling of Certain Claims
- Reverse, Repay, Cancel Claims at Client’s Sole Discretion
Step 6 – Recovering Client’s Money and Issuing Final Audit Report
- Recover Client’s Money Immediately Upon Claim Deduction
- Generate Final Audit Report Outlining Results of Review, Recommendations for Internal Process Improvements Based on Insights Gained Through Audit
- Refine Audit Procedure with Client
- Repeat Review for Other Time Period(s), Areas of Focus, Based on Client’s Objectives
Before we begin/client planning meeting
- Confidentiality agreement
- Establish client’s goals
- We get paid only after client gets paid (25% of recovered dollars)
Step 0 – Contacting ARI’s Team of Experts
Begin your journey by contacting ARI to learn how your organization can benefit from The ARI ADVANTAGE. Discover how our 100% contingency-fee based reviews focus on meeting your auditing objectives precisely, quickly, and in the least obtrusive manner possible.
Discuss the general characteristics of your business with a team of ARI experts to determine which services would be most beneficial. Decide to engage our services and gain The ARI ADVANTAGE for your organization.
Overpayment Identification
- First pass – Traditional: go for traditional overpayment error hot-spots so we can start generating recoverable dollars for the client quickly
- Second pass – Proprietary scenarios: apply our own process to identify non-traditional or client specific areas of recovery
- Third pass – Experimental: experiment with data based on or learning during the first two passes to try and see if we can recover EVEN MORE for the client
Claim validation
- Consult client on findings seek approval to generate claims
- Assemble required supporting documentation for each claim and claim type
Recovery
- Send claims to vendors
- Handle all correspondence according to ARI/Client agreed on guidelines
- Make sure client doesn’t have to deal with angry vendors
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- Gives vendors a chance to provide more info to validate/invalidate our claim(s)
- Make sure client’s relationships with vendors are not damage
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- Cancel or reverse claims found to be in error based on vendor correspondence
- Make sure client doesn’t have to deal with angry vendors
