You signed it, filed it, and never read it again.
Vermis converts vendor agreements, leases, insurance policies, and merchant contracts into computational rules, testing them against three years of actual transactions. Paid from what it finds. No findings, no fee.
Why nobody has done this before.
Historically, running a forensic contract audit required paying a consulting team $300 an hour to read 300 pages of legal contracts line-by-line against 30,000 general ledger transactions. For a $10M–$40M group, the cost of the audit exceeded the recovery.
What we typically find.
Cancelled Services Still Billing
Software seats, legacy phone lines, and security services cancelled by email years ago but continuing to charge monthly on autopay.
Escalators Applied Twice or to Wrong Base
Annual 3% or CPI rent/vendor increases compounded on top of gross charges instead of net base, or triggered twice in the same calendar year.
Auto-Renewed Past Unwatched Windows
60-day written cancellation clauses that locked entities into 36-month evergreen extensions at expired non-discounted rates.
Merchant Processing Rate Drift
Effective interchange markup creeping from quoted 1.8% + $0.10 to 3.4% via unannounced 'non-qualifying batch' surcharges across merchant IDs.
Insurance on Disposed Equipment
Commercial inland marine and liability policies continuing to cover vehicles, cranes, or machinery sold years prior.
Duplicate Software Purchased Across Entities
Three separate entities paying individual retail licenses for QuickBooks Desktop, DocuSign, or CRM seats with no volume agreement.
Who this works for
- Multi-entity structures with separate vendor accounts per LLC
- Long vendor tenure (5+ years with key suppliers, landlords, processors)
- No dedicated full-time procurement or vendor management staff
Ongoing contract monitoring
Once the historical audit is complete and credits are recovered, contract rules remain active in your ongoing month-end close. Any invoice that departs from agreed rates or applies an invalid escalator is flagged before payment.
Send twelve months of vendor spend.
We will return an honest assessment within one week on whether an audit is worth running for your entity group. Paid from what we find. No findings, no fee.