March 8, 2005
AudiTec Solutions, Inc., a leading accounts payable auditing and cost recovery firm, announced today the release of ClaimsWeb™,  a web-based communication tool designed to provide Fortune 500 retailers with the ability to monitor and manage their cost recovery audit engagements in “real-time”.

The release of version 2.0 marks a milestone for client communication in the cost recovery industry.  Retailers now have access to a real-time “snapshot” of their audit engagement as the audit is performed.  “This is one of the best communication tools that this industry has ever created, and I am proud that it was our company that created it”, says Craig Brown (EVP Audit Operations).  “Our clients can now quickly and easily manage their audit engagement using our state-of-the-art system”, says Mr. Brown.

ClaimsWeb provides retailers with access to advanced features designed to simplify the management of the audit engagement.  Retailers can now review, approve, deny, and make comments regarding claims as they are being processed.   ClaimsWeb™ also contains advanced reporting capabilities designed to help better manage the audit engagement.  In addition to the standard reports that are built into version 2.0, limitless “ad-hoc” reports can be created using the advanced sorting and querying features.  In an effort to further streamline the audit process, Version 2.0 also provides retailers with the ability to submit claims directly to their vendors from the system.

As the cost recovery industry continues to mature, and audit cycles continue to shorten, the need for a quicker and easier way to distribute claim information has increased.  ClaimsWeb™ effectively addresses these needs and begins the next step in client communication and audit process flow.

AudiTec Solutions, Inc is leading accounts payable auditing company based in Mesa, AZ.  AudiTec Solutions provides cost recovery services to Fortune 500 clients throughout the United States.  AudiTec Solutions has successfully developed many of the technical standards that are currently used in the industry today, and remains committed to providing its clients with state-of-the-art tools and resources as evidenced by the release of ClaimsWeb 2.0.  More information can be obtained by visiting the company’s Web site at www.auditecsolutions.com.