A national men’s and women’s fashion retailer has instructed CAPA to undertake a widescale audit of its stores and invoices, as the firm seeks savings across the entire business.
The Original Factory Shop, which has been trading since the late 1960s, has appointed CAPA to conduct a full property and accounts payable audit as the business looks to generate savings during the lockdown.
The retailer sells major fashion brands including Jimmy Choo and Calvin Klein, as well as sportswear including Nike, Adidas and Slazenger, with significant discounts. While it has been preparing safer shopping experiences for customers and donating £50,000 of goods to the NHS and care homes, the business has sought CAPA’s help to conserve more cash.
This means CAPA will conduct one of its ‘live audits’, where the work is conducted with a business as it trades as normal. In this case CAPA will be auditing all data related to property costs – utility bills, service charges for property management and rates paid out on the portfolio of 147 sites.
The team will inspect the data to uncover any errors or anomalies, before recovering any overspend for the retailer. CAPA’s auditors will also use bespoke software to undertake a forensic analysis of all accounts payable information across the whole business. Again, the team will look to identify and recover further overspend for the board.