A leading global research university with more than 21,000 undergraduate and graduate students across twelve schools and colleges, including highly regarded programs in Business, Law, Medicine, Music, and Journalism.

The Challenge

Before partnering with Broniec Associates, the university had never conducted an Accounts Payable audit. Concerns included a decentralized Purchasing process and risks related to escheatment. With complex operations and multiple departments, the university needed assurance that overpayments and missed opportunities were being properly identified and recovered.

Our Approach

Broniec Associates conducted a comprehensive AP recovery audit covering a wide range of categories, including:

• Duplicate and erroneous payments
• Open credits and debit balances
• Sales tax
• Discounts and rebates
• Pricing compliance
• Escheatment prevention

We also recovered overpayments in diverse areas such as healthcare teaching expenses, library acquisitions, bookstore operations, and office/lab supplies. Our team successfully navigated the university’s transitions from a homegrown AMS system to PeopleSoft, while adapting to staffing changes and evolving Purchasing regulations.

The Results

Over a 14-year partnership, Broniec has recovered nearly $5 million for this institution. Each audit has delivered between $230K and $960K in recoveries, depending on scope and internal circumstances.

The trusted relationship developed with this client has also opened doors to additional opportunities with colleges nationwide.