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In Their Own Words

System errors identified by the EL-ELYON team were undetected for three years, with substantial amounts recovered in the process. We were pleasantly surprised with the result achieved! Mark Brown, SONY SOUTH AFRICA

We thought we had everything covered, but they managed to recover a substantial amount for us. By filling the gaps we are also saving money on an ongoing basis in the identified areas. Ian Frazer, SCHENKER SOUTH AFRICA

We are extremely satisfied with the services performed, and can recommend EL-ELYON very highly. They handled the assignment and relationship in an exceptional professional manner.. Solly Shilenge, ROBOR STEEL AND TUBE

Introduction

As qualified Chartered Accountants we do a confidential electronic analytical review of your financial data, identifying any areas or transactions where it appears that your company has lost money undetected! This is usually a result of human or system errors, which is sometimes difficult to detect, control and prevent. The upside of our verification process is that if no money is recovered, there are no fees payable to us!  

We acknowledge the fact that companies do employ qualified personnel, and are audited annually by external auditors, but due to time constraints and reporting deadlines these errors are sometimes still not detected. (This is not a reflection on the quality of your staff or auditiors but based on factual information ascertained from experience as an auditor, financial director and investigative auditor.)  

As we operate independently, minimum involvement from your employee's time is required. We track and trace substantiating documents personally, and are always sensitive to month-and year end as well as budget pressures.

We are happy to meet in person to clarify any further questions you might have. This usually does not take more than thirty minutes of your valuable time.

About Our Clients

Clients successfully completed and substantial amounts recovered include SONY South Africa, FreightDynamics (formerly a Division of Transnet), MAN Truck and Bus, Schenker Logistics, BOSCH (Household appliances), ROBOR Steel, BIDVEST Prestige Cleaning, Petzetakis Africa (SA), Warrior Paints and various other medium sized companies. Referrals and contact details available on request

Safe & Risk Free

Risk free opportunity to increase your company’s profits.

• No money recovered. No fees payable.
• Confidentiality agreement signed as part of scope of the task.
• No disruption of client / supplier relationships.
• Minimum involvement of company staff.
• Electronic verification & analysis of data.
• Physical verification of possible recoveries only.
• Documentation searched by our team.

"our verification process ensures that if no monies are recovered, there are no fees payable to us – complete peace of mind.
On average we recover 0,2% of annual turnover over 5 years"

Service Offering

Electronic validation of accuracy of accounting systems and processing.

• Inaccuracies due to human errors, staff changes.
• Accounting system bypasses.
• Process inefficiencies or changes.
• VAT not claimed, double payments, rebates and discounts etc.
• Electronic verification & analysis of data.

Deliverables

Extension of the current audit functions in the company

• We perform a 100% systematic electronic verification of all accounting transactions and agreements (not random spot checks).
• Detailed report at completion.
• Detailed findings of financial impact.
• Recommendations to prevent future losses.
• Cash recoveries of money lost unnoticed, 50% commission payable on amounts proofed and recovered.
• Potential recovery is between 0,1% and 0,3% of annual turnover as a minimum. (Statistics available).

Contact

Eddie Liebenberg CA(SA)
EL-ELYON Cash Recoveries
082 564 2293