Transparent is the specialised financial services company providing Accounts Payable audits on a No-cure No-pay basis.

Company overview

Working Capital Recovery

Company mergers, software renewal, employee turnover, the setting up of a Shared Service Centre or changes in procedures are common occurrences in any company.

Not just within your organisation but also with your suppliers.

Despite your state-of-the-art software, procedures, internal audits and accountants checks, these changes hold risks, and can lead to issues with invoicing, erroneous payments, open credit amounts, VAT miscalculations, duplicate payments and such.

Thus working capital that is yours but resides elsewhere without you knowing it!


Transparent is a very highly specialized Working Capital Recovery company.

We conduct Accounts-Payable (AP) audits, VAT recoveries, and provide consultancy based on the analysis of your data. We do this with one aim in mind: to recover lost Working Capital for our clients on No-cure No-pay basis.

  1. Our experience with Working Capital Recovery shows that between 0,2‰ and 1‰ of the total purchasing amount can be recovered.
  2. Our VAT Recovery specialists have up-to-date knowledge in order to recover your local VAT as well as foreign VAT.
  3. We provide in-depth Reports on your Purchase-to-Pay (P2P) process, comprising payment terms analysis, duplicate supplier records, invoice-amount analysis, performance benchmarks, and tailored advise for structural process improvement.

Our clients range from medium size local companies to blue-chip multinationals for whom we perform global audits.

Why you should chose Transparent

  1. Technology driven
    We deploy our proprietary data-mining software to track all potential undue payments
  2. Process excellence
    The 6-eyes principle is applied in our analysis process for flawless identification of all undue payments
  3. Independence
    During the Working Capital Recovery we only look at the P2P process, not at the Order-to-Cash side. This way we guarantee the integrity of our processes.
  4. Confidentiality
    We guarantee full confidentiality: our employees have been officially screened; our data doesn’t leave our central server on data carriers and our network is secured via RSA keys
  5. Experience
    Working with Transparent creates a win-win result and we have the references to back this up
  6. Cross-border support
    Headquartered in the Netherlands, we have offices in the USA, Belgium, France, Italy, Germany and Great Britain. Our people speak 12 different languages!

Contact us! No strings attached, no start-up fees, no budget, no resources required, and of course No-Cure No-Pay!