Expense and Audit Recovery — Glossary
Terms used in expense and audit recovery: telecom expense management, freight invoice auditing, accounts payable recovery, real estate tax appeals, and contract compliance audits.
A working definition of CAM reconciliation for lease audit and expense recovery practitioners, covering the annual process, common errors, and recovery implications.
Read definitionA working definition of duty drawback for customs recovery practitioners: how import duty refunds work, who qualifies, and where claims fail.
Read definitionInterchange is the base fee card networks charge acquirers on each transaction, set by Visa and Mastercard and non-negotiable for merchants.
Read definitionTelecom expense management (TEM) is the systematic process of auditing, validating, and optimizing enterprise telecom spend across wireline, wireless, and data services.
Read definitionA freight invoice audit verifies carrier charges against contract rates, bills of lading, and accessorial rules to identify overcharges and secure refunds.
Read definitionA SaaS license true-up is the process of reconciling actual software usage against contracted entitlements, then paying for the gap or negotiating remediation.
Read definitionA sales and use tax reverse audit examines your own records to find overpayments you can recover, unlike a government audit that seeks underpayments.
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