As capital expenditures in the energy industry reach historic levels, it is important that companies are being properly invoiced by their vendors. Vendors of significant size and service require a specialized and unique compliance auditing approach, as invoices can be too large and complicated for the human eye to catch compliance issues and errors.
JVSA uses customized software and a database approach to quantify possible vendor compliance issues and errors. This software allows JVSA to more efficiently identify possible issues with vendors, including billing errors and unapproved variances from contractual terms.
This software also allows for a high degree of management reporting, allowing companies to compare similar projects using different vendors, in order to identify possible cost savings on future projects