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Our service offerings include a wide range of capabilities to meet your organization’s needs.
We work with you to understand your key objectives and design an approach that can cost-effectively
help you to achieve a value-added result. We view our array of services within the context of the
following business relationships:
Demand Side Relationships
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Risks and potential cost savings related to the distribution of goods or services, including:
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- Franchising, licensing, royalty agreements
- Sales commissions
- Volume discount programs
- Consignment, warehousing & redistribution services
- Shipping / demurrage charges
- Rebates & warranty programs
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Titus assists organizations with such services as:
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- Preparing business relationship inventory and strategic level risk analysis to identify areas of focus for internal audit
- Assessing the effectiveness of process management and policy adherence
- Evaluating payment history to ensure contractual compliance
- Reviewing adequacy of service levels provided
Supply Side Relationships
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Risks and potential cost savings related to the acquisition of productive assets or the procurement
of such goods or services, including:
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- Construction & maintenance capital projects
- Project management & pre-project contract reviews
- Freight & distribution costs
- Disposition of scrap / surplus materials
- Repair & maintenance programs
- Reinsurance
- Equipment rental
- Claims processing
- Sales & Use tax
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Titus assists organizations with such services as:
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- Identifying and recovering overcharges and inappropriate billings
- Verifying compliance with contractual agreements (quality and quantities)
- Ensuring compliance with established Policies & Procedures
- Evaluating adequacy of specific Project Management
- Evaluating the current approach for oversight and control of projects
- Identifying your organization’s Cost Recovery Universe
- Assuring bidding processes are tightly controlled
Overhead/Support Service Relationships
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Risks and potential cost savings related to the outsourcing of administrative services, including:
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- Intellectual property management
- Telecommunications
- Reproduction services & record retention
- Cafeteria services
- Benefits (FICA / workers compensation / self-insured programs, etc.)
- Janitorial services
- Human Resources
- Travel and car rental services
- Uniform services
- IT outsourcing
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Titus assists organizations with such services as:
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- Integrating cost recovery into Internal Audit planning to drive both control and operational effectiveness
- Assessing service providers, sourcing processes and control environment
- Examining cost-effectiveness of provided services
- Identifying and recovering overcharges & inappropriate billings
- Verifying calculations of pro-rated costs
Joint Venture or Strategic Alliance Relationships
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Risks and potential cost savings related to the proper distribution of revenues,
expenses or profits to participating parties, including:
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- Joint ventures
- Operating agreements
- Lease operations
- Common area maintenance
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Titus assists organizations with such services as:
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- Examining operator’s application of allowable cost
- Assuring specified cost exclusions are properly handled
- Using subject matter experts to evaluate reasonableness of questionable costs
- Examining project accounting system design and capabilities for mitigating potential risks
- Assessing reputational risk environment
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