“We felt like GALOSI was part of our internal team. They’re sharp, articulate and driven to get to the root of our problems."
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    Undeclared Milk Allergen Results in California Company Issuing a Food Recall in Five States

In December, the U.S. Food and Drug Administration (FDA) posted information about a food recall initiated by a company based in Northern California. The recall was launched after it was discovered that milk was not declared as an allergen on the product packaging.† The dark chocolate almonds were sold in bulk and pre-packaged containers and may contain undeclared milk protein. People with allergies or severe sensitivities to this common food allergen are at risk if they unknowingly consum...

Read the full story at http://www.webwire.com/ViewPressRel.asp?aId=219023



  Walmart Names Judith McKenna to Helm Intíl Biz

Exec succeeds David Cheesewright in pivotal role

  Press release distribution, EDGAR filing, XBRL, regulatory filings

A10 Netwo... )--Transcat, Inc. announces that it will release its third quarter fiscal year 2018 results on Monday, January 29, 2018. )--Assurant, Inc. , a global provider of risk management solutions, will release fourth quarter and full year 2017 financial results on Thursday, Feb. 8, 2018, aft... )--AvalonBay Communities, Inc. announced today the final income allocations of the Company's 2017 dividend distributions on its Common Stoc... )--Aerohive Networksa today announced preliminary results for the fourth quarter ended December 31, 2017.



 
     
 
Through the eyes of their clients, GALOSI is seen as a strategic partner and not an ordinary vendor. This follows the keen business philosophy of the founding partners of GALOSI.

Meet Key Personnel

The process begins with a "kick-off" meeting. The purpose of this meeting is to first introduce personnel from both organizations that will be involved in the analysis process. Secondly, a mutually agreed upon location to perform the analysis is established. Historically, our analysts set up where the archived A/P files are located so that we are as close as possible to your information.

   
Gather and Prepare Data
Raw client data, whether paper or electronic, needs to be obtained and prepared for analysis. When gathering data, determining who controls the information and how to acquire it is vital. Paper data needs to be copied, sorted, and filed; paper-based data needs to be converted to electronic data; and downloads from clients need to be analyzed and converted into database files suitable for analysis. Once this "download management" is complete, we are ready to begin the profit recovery process and identify exceptions.

Verification and Review

In this analysis process, we are focused on identifying overpayments that have resulted from common errors such as missed discounts, missed credits, duplicated payments, over looked allowances, pricing mistakes, incorrect invoices and many others.

In paper-based analysis, this means "flipping paper" and comparing purchase orders and other agreements with invoices. In electronic-based analysis, this means searching databases and comparing purchase orders with invoices. In an electronic environment, our proprietary recovery software is state of the art and allows for the most thorough and comprehensive review available.

Once we have identified overpayments, all of our recoveries and relevant supporting documentation are forwarded to the designated employee within your organization for approval. This allows for you to have complete control of the analysis, but more importantly, it ensures that our clients' vendor relationships are not damaged in the case that a specific claim does not want to be pursued.

Vendor Correspondence
We take pride in submitting well-documented claims. This includes a claim sheet that can be reviewed, understood, and approved very quickly by our client and their vendors. After the claim has been approved, we then, on behalf of our client, handle all correspondence with the vendor community.

Management Report
At the completion of our engagement, we issue a thorough report and evaluation of the A/P system to management, which contains our results and recommendations for improving efficiency and effectiveness of internal controls. While we recover immediate cash for you, we also focus on offering ways of avoiding future losses
 
   
       

 

 
 
 
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