TMH Procurement LLP
TMHP LLP is a procurement advisory firm that validates supplier invoices at line-item level against signed contract terms, checking price, quantity, unit of measure, and unit cost. The company implements audit clauses in supplier contracts to review the last 12 months of invoices, with audit costs reimbursed by suppliers at 100%, delivering measurable savings within 90 days.
- Data & Analytics
- Financial Technology
- Software Only
Funding
Founders
Founder details are not available yet.
Product
Problem
Many organizations lack visibility into whether their top suppliers are charging the prices stated in signed contracts. Monthly invoices often go unchecked at line-item level, allowing billing errors, quantity discrepancies, and unit-of-measure mismatches to go undetected, resulting in overpayment and potential fraud.
Solution
TMHP LLP provides procurement advisory services focused on line-item level validation of price, quantity, unit of measure, and unit cost against contract terms. The company reviews supplier invoices to identify discrepancies, prevent fraud, and eliminate bait-and-switch pricing. By implementing audit clauses in supplier contracts, TMHP enables clients to review the last 12 months of invoices and recover costs, with audit expenses reimbursed by suppliers. The goal is to deliver measurable savings within 90 days without invasive disruption to existing operations.
Target Audience
Primary customers are procurement leaders, finance executives, and supply chain managers in mid-to-large organizations who need to verify supplier pricing accuracy and recover overpayments from their top vendors.
Features
- Line-item level validation of price, quantity, unit of measure, and unit cost (PxQ, UOM, UC) against signed contracts
- Supplier contract audit clause implementation allowing review of the last 12 months of invoices
- Audit cost reimbursement recovery from suppliers at 100%
- Stakeholder access to contract pricing prior to invoice approval
- Top 20 supplier spend analysis and pricing verification
- Fraud prevention and bait-and-switch elimination through systematic invoice auditing