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Profit Recovery Partners and the COVID-19 Public Health Emergency

Posted on June 3, 2023

Profit Recovery Partners develops, implements and manages cost-reduction solutions for FORTUNE 1000 companies, law firms, private equity firms and private companies throughout North America. The firm’s spend management, supplier management and procurement strategies have resulted in more than $3 billion in client savings.

The company’s services include a comprehensive review of accounts payable invoices to identify duplicate payments, credits and refunds; a detailed analysis of all expense categories to locate additional cost savings; and a complete investigation into the source of problems that lead to these issues, including changes in processes, systems, personnel and training. Profit Recovery Partners has a proven track record of results and works with clients to sustain savings over time.

A non-profit organization experiencing a loss of revenue due to the COVID-19 public health emergency may be eligible for a grant. Non-profits will be able to apply for funding up to $15,000. The City’s Program Partner, Tustin Community Foundation (TCF), will select and recommend grant recipients and disburse funds based on the availability of funds, program guidelines and submission of all required information and documentation.

To find out more about the application process and eligibility, non-profit organizations can visit the TCF website or contact the foundation at tustincares@cityoftustin.org or 714-645-7442.

American Profit Recovery is not a scam but they are a debt collection agency and like most agencies they do not always play by the rules. The Better Business Bureau has 136 complaints against them and they have a 1 out of 5 rating. They have also been reported to the Consumer Financial Protection Bureau.

It is important to respond to debt collectors as quickly as possible. If you do not, they can garnish your wages, place liens on property or freeze your bank accounts. If you do not receive payment, you can file an Answer with the court to dispute the claim.

In order to determine the value of a lost profit, you must discount it to present value. This is done because a dollar today is worth more than a dollar in the future, based on the fact that you can invest the latter for a higher return. In addition, the calculation must account for the uncertainty that the expected level of profits will be achieved. This is why a complex form of grief can be difficult to treat, even months or years after the loss. However, social support, healthy eating and sleeping habits, and engaging in activities that bring joy can all help to ease the pain. For additional support, you can seek professional care.

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