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Discoverers

Unlocking the Potential of Savings for Global Companies
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The Finance & Accounting teams hold a vital role in the financial well-being of any organization. Yet, archaic manual processes, data isolation, and disparate systems pose a formidable challenge for them to attain the all-important visibility required to make informed decisions.

With Discover Dollar's solution, Finance & Accounting teams acquire deep insights into their source-to-pay processes, unlocking the power to identify inefficiencies, mitigate risks, and optimize spending. Finance & Accounting teams can take proactive measures to manage their financial operations, identify cost-saving opportunities, and propel continuous improvement across the organization.

Partnering with us creates significant value for internal audit teams by enhancing auditing capabilities, streamlining processes, and improving operations while reducing costs compared to traditional auditing methods. Internal Audit teams can assesses enterprise risk, ensures rational internal controls, drive efficiencies and cost savings.

As a merchant, you face a constant challenge to enhance margins, expedite recovery, and deliver on key performance metrics. But with vendor burnout, unforeseen expenses, and intricate rebate structures, making informed decisions that maximize value can be difficult.

Discover Dollar's solution empowers merchandising functions to unlock deep insights into your procurement processes, recover lost dollars, and improve the bottom line. Our advanced analytics and machine learning enable you to quickly identify anomalies, gain real-time alerts, and drive better decision-making.

Our Solution help procurement teams striving to optimize supplier relationships and achieve immediate cash recoveries and long-term cost savings. Our advanced analytics and insights help procurement teams gain a clear understanding of their spending data and supplier performance, making complex contracts simple and delivering significant cost savings.

Our solution enables Shared Services teams to achieve significant cost savings and process efficiencies through advanced analytics and machine learning. Our solution empowers Shared Services and GBS teams to optimize procurement processes, identify new opportunities for savings, and unlock greater value across the organization.

Shared Services & GBS teams can drive strategic initiatives through our solution, which generates actual savings for the organization.

Learn More About Solution

How it works?

Day - to - day procurement, invoice, and promotion issues are pushing many businesses to seek a solution that will help them manage unstructured data., and gain control and insights. Here isthe process for what Discover Dollar does as a solution approch.

Collection and
Mapping of Data

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Claims identified
by Discover Dollar

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Claims
Approval

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Recover overpayment
from vendor

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Multi Million
Dollar P&L Impact

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Frequently Asked Questions

Q What is Discover Dollar?

Discover Dollar is a leading technology company that specializes in revenue leakage recovery and cash flow optimization solutions for businesses. Our innovative software and services help companies identify and recover financial leakage, improve procurement processes, and enhance overall profitability.

Q How does Discover Dollar's profit recovery solution work?

Discover Dollar's profit recovery solution leverages advanced data analytics and machine learning algorithms to identify financial leakage within a company's operations. By analyzing large volumes of transactional data, our Ai Powered detects errors, overpayments, pricing discrepancies, and contract non-compliance, allowing businesses to recover lost profits.

Q What industries does Discover Dollar serve?

Discover Dollar serves a wide range of industries, including retail, manufacturing, hospitality, healthcare, and more. Our solutions are adaptable to various business models and can be customized to meet the specific needs of each industry.

Q How many clients is Discover Dollar currently working with?

Discover Dollar serves a diverse range of clients across various industries, including l Fortune 2000 companies to large enterprises. While we do not disclose specific client numbers, we take pride in our strong and growing client base. Our reputation for delivering effective solutions and achieving tangible results has attracted a  ignificant number of organizations seeking to optimize revenue recovery and improve cashflow. We value the trust and confidence our clients place in us and are committed to delivering exceptional services tailored to their unique needs.

Q What is the ballpark leakage for a company of our size?

The ballpark leakage for a company of your size can vary based on several factors. However, it is not uncommon for even the best-run companies with a revenue of  pproximately $1 billion to experience losses ranging from $1 million to $5 million annually due to revenue leakages and overpayment scenarios. These losses can stem  from various sources, including contract discrepancies, pricing errors, duplicate payments, and process inefficiencies. To help you gain a better understanding of the  otential revenue you may be losing, check out our revenue leakage calculator to estimate the potential financial impact and identify areas where revenue may be leaking.

Q How can Discover Dollar's solutions benefit my organization?

• Discover Dollar's solutions can benefit your organization in several ways, including:
• Increased profitability through profit recovery and cost optimization.
• Enhanced visibility into financial operations and supplier relationships.
• Improved procurement processes and reduced purchasing costs.
• Mitigated financial risks and improved compliance with contracts and regulations.
• Streamlined operations and improved efficiency.

Q What happens after you find leakages and we fix them? Won't you stop finding issues?

Once Discover Dollar identifies revenue leakages or overpayment issues, we collaborate closely with your team to initiate the recovery process I.e., Recover money until it hits client bank account and implement necessary process improvements. Our solution analyzes new data, identify and address any potential future leakages or process  aps. This ongoing analysis provides valuable insights and recommendations to help your organization maintain robust financial controls and optimize contract performance. Our dedicated team of experts works hand-in-hand with you to ensure sustained improvement and maximized financial outcomes.

Q How long it takes to start and deliver results?

The time to start and deliver outcomes depends on several factors, including the complexity of your business processes, the volume of data, and the specific solution you are implementing. Typically, it takes a 4 to 8 weeks from the initial engagement to the delivery of tangible outcomes. During this time, we work closely with your team to configure the platform, integrate with existing systems, and extract the data.

Q Who within our organization would be more relevant to discover dollar solution?

Discover Dollar's solutions are typically relevant to multiple stakeholders within an organization. The finance, procurement & accounting teams are often the primary users of our platform, as they are responsible for improving the overall financial health of the organization. IT departments are also involved in the implementation and integration process, ensuring smooth data flow and system compatibility. Senior management and legal teams may also be involved in decision-making and oversight.

Q We already have internal controls in place. Do you still think there is a leakage possibility?

While having internal controls in place is essential, it's important to recognize that revenue leakages can still occur despite these measures. Discover Dollar has encountered numerous cases where companies had robust internal controls and processes but were still experiencing revenue leakages. Our experience working with clients across various industries has shown that even organizations with stringent controls can benefit from our specialized expertise and advanced technology. When we initially engage with clients, we often hear similar sentiments about their existing controls being sufficient. However, our comprehensive analysis and deep dive into their data have consistently revealed revenue leakages and overpayment scenarios that were previously unnoticed. By leveraging our expertise and tools, we have successfully identified and recovered substantial amounts of lost revenue for our clients.

Q How long does it take to implement Discover Dollar's solutions?

The implementation time depends on the size and complexity of your organization. Discover Dollar follows a structured implementation approach tailored to your specific requirements. Typically, the implementation process takes a few weeks to a few months.

Q Can Discover Dollar's solutions integrate with our existing systems?

Yes, Discover Dollar's solutions are designed to integrate seamlessly with various ERP systems, including SAP, Oracle, and Microsoft Dynamics. Our implementation team will work closely with your IT department to ensure a smooth integration process.

Q Does Discover Dollar provide training and support during and after implementation?

Yes, Discover Dollar provides comprehensive training and support throughout the implementation process and beyond. Our team of experts will train your staff on using the software effectively and provide ongoing support to address any questions or concerns.

Q What are the different data sets you need for this activity?

The specific data sets required Accounts Payable, Vendor Master, and other data dependent on the process we are improving. Our implementation team will work closely with you to determine the necessary data sets and guide you on data extraction and preparation.

Q How much of IT effort involved in extracting and transferring the data?

The IT effort required for data extraction and transfer depends on your existing systems, data sources, and the complexity of integration. Our implementation specialists will work closely with your IT team to define the data requirements, establish data connectivity, and ensure smooth extraction and transfer. We provide detailed guidance and support throughout the process to minimize the IT effort required from your team.

Q How much effort is needed from our team? Who all have to be involved?

Discover Dollar's solution implementation process requires active involvement from your team. Key stakeholders, such as finance, procurement, and IT personnel, need to be engaged throughout the implementation. They will provide necessary data, collaborate on system integration, participate in training sessions, and contribute their expertise to ensure a successful deployment. Our implementation specialists will guide your team through the process and work closely with them to minimize the effort required.

Q How does Discover Dollar prioritize data security and ensure the protection of sensitive information?

Data security is of paramount importance at Discover Dollar. As a trusted industry leader, we hold ourselves to the highest standards. We are ISO 27001 and SOC 2 Type 2 certified company, demonstrating our commitment to implementing robust information security practices.
To safeguard your data, we employ cutting-edge technologies and adhere to industry best practices. Our secure infrastructure is designed to ensure the confidentiality, integrity, and availability of your information. We utilize advanced encryption techniques and enforce stringent access controls to prevent unauthorized access or breaches.
To continuously enhance our security measures, we conduct regular security audits and assessments. These proactive evaluations help us identify and address any potential vulnerabilities, ensuring that your data remains protected at all times.

Q How does Discover Dollar handle data and data practices?

Is it within the client environment or Discover Dollar. As mentioned earlier our company holds ISO 27001 certification, which demonstrates our dedication to implementing robust information security practices. Additionally, we have achieved SOC 2 Type 2 attestation, further validating our commitment to maintaining stringent data security measures. Whether your data resides within your own environment or is transmitted to Discover Dollar's environment, you can trust that we  eliver the same level of impact. Our data security protocols are designed to provide consistent protection regardless of the data's location.

Q How is pricing determined for Discover Dollar's solutions?

Pricing for Discover Dollar's solutions is based on various factors, such as the size of your organization, the complexity of your operations, and the specific services  equired. Our sales team will work closely with you to provide a tailored pricing proposal based on your unique needs.

Q How can we measure the return on investment (ROI) from implementing Discover Dollar's solutions?

Discover Dollar provides a comprehensive ROI analysis to help you measure the impact of implementing our solutions on your organization's financial performance.

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