Risk-free savings for Alder Hey Children’s NHS FT. Delivered.
Financial reviews deliver savings of over £550,000.
The total savings of £497,000 in the past 2 years found using VATplus
No financial risk to Trust with our contingency model
To date, Statement and Duplicates reviews have found savings of more than £54,000
The Challenge
Like many trusts, Alder Hey required solutions to help ease financial pressures, without requiring too much Trust resource. Having not worked with Liaison Financial before, they hoped that their savings solutions could make an impact.
The Solution
Liaison Financial’s VATplus re-review, supplier statement reconciliation and duplicate payments reviews delivered a risk-free solution, which both provided support to Alder Hey’s Finance teams and benefitted the bottom line.
The Outcomes
The VATplus review identified £497,000 in the past 2 years – £117k in 2023/24 and £380k in 24/25 – showing how useful it can be to continue the VATplus process.
The Statements & Duplicates review continues, and has to date found savings of more than £54,000; providing a much-needed opportunity to add a total of £551,000, so far, to their CIP plan.
Carolyn O’Boyle
Financial Accounts Department Manager, Alder Hey Children’s NHS Foundation Trust
Business:
Alder Hey Children's NHS Foundation Trust
Challenge
Financial reviews deliver savings of over £550,000.
Solutions
VATplus, Statements & Duplicates