Fortune 500 finance departments keep whole teams pointed at one question: where is revenue earned and never collected, and margin paid out and never reconciled? Most operating businesses don’t have that team — not because the money isn’t there, but because the capability was never in reach.
Blackstone Recovery is that capability, delivered as a suite of recovery services across your contracts, card fees, vendor payments, and closed claims. We audit the records, quantify what is still recoverable, and collect it — mostly on contingency, with no disruption to your operation.
To put enterprise-grade revenue and margin recovery within reach of the mid-market.
Every finding is either revenue you earned and never billed or margin you paid out and never reclaimed. It falls straight to the bottom line — no new customers, no new headcount, no operational change.
Interchange optimization, contract-to-invoice reconciliation, payables audit, subrogation recovery — disciplines that large enterprises staff internally. We package them so a growing business can buy the capability instead of building it.
Most engagements are contingency or findings-first: we advance the work and are paid from the dollars we return. If there is nothing to recover, we tell you that too.
Escalators, surcharges, and accessorials your agreements entitle you to bill — and your invoices never asked for.
Commercial-card interchange you overpay when your data doesn’t qualify for Visa’s verified rates — scored every month.
Duplicate payments, unapplied credits, unreturned deposits, and pricing billed above the contract.
Subrogation, contribution, and cargo recoveries sitting unworked in closed claim files.
We work with contract-driven and card-accepting businesses — and with the CFOs, controllers, and risk managers who answer for those numbers. Sectors we know from the inside:
Multi-year client agreements with bill-rate escalators and markup uplifts negotiated once and never invoked — and heavy commercial-card acceptance where interchange quietly compounds. The leak grows every pay period the old rate ships on the invoice.
Per-seat and per-device agreements with annual uplift clauses, true-ups, and out-of-scope charges billed at signing rates for years. Recurring contracts leak recurring money.
Storage escalators, fuel-surcharge formulas tied to indexes nobody re-checks, and accessorial schedules that never make it from the contract to the invoice.
Janitorial, uniform, waste, and maintenance operators on multi-year service agreements with CPI clauses — the most commonly skipped billing term in commercial contracting.
High commercial-card volume, tiered and contract pricing that drifts from the executed terms, and vendor-side payables large enough to leak real money to duplicates and unapplied credits.
Our founding specialty. Two pools of money: the subrogation and contribution recoveries sitting in closed claim files, and the detention, accessorial, and fuel-surcharge revenue your rate confirmations entitled you to but nobody invoiced.
Each engagement works from records you already have or are entitled to, and none interrupts your operation. Most are structured so you pay from what is recovered — not from a retainer.
Your contracts almost certainly promise you more than your invoices ever asked for. Rate escalators negotiated and never invoked. Discounts that expired years ago and are still being applied. Detention, accessorial, and per-occurrence charges earned on paper and written off in practice. Fuel-surcharge formulas tied to an index nobody has re-checked since the contract was signed. Minimum commitments never trued up. The agreement was negotiated once; the billing system has been repeating the old numbers ever since.
We reconcile what your executed contracts entitle you to bill against what your invoices actually billed, clause by clause and period by period. Each finding comes documented — the contract citation, the arithmetic, the invoice trail — so the correction can be presented to your customer as a matter of the agreement you both signed. Most engagements resolve as corrected rates going forward plus a negotiated look-back, and because each underbilled invoice generally carries its own limitations period, even long-running contracts hold a live multi-year tail.
Every time your business accepts a commercial or corporate card, the interchange rate you pay turns on transaction data most processors never optimize and most merchants never see. Visa’s Commercial Enhanced Data Program now re-scores that data every month and decides, monthly, whether you qualify for its lowest “verified” rates or quietly pay a premium on every commercial transaction. At the same time, the 2026 card settlement is splitting card acceptance into new categories with new surcharging rights — decisions every merchant now faces, and few have the transaction-level analysis to make.
We read your processing history the way a Fortune 500 treasury team reads its own: isolating what your card mix actually costs, where your data is losing you verified interchange, and what the settlement changes for you specifically. Because qualification now moves month to month, the fixed-fee diagnostic credits toward an ongoing monitoring retainer — delivered through a client portal — that keeps a silent downgrade from costing you a quarter before anyone notices.
The same audit discipline, pointed at your disbursement history. High-volume payables operations leak money in predictable ways: invoices paid twice under different vendor identities, vendor credits issued but never applied, deposits never returned, contract pricing never reconciled against what was actually billed. We audit your payment history against vendor records and recover the difference.
For fleets and self-insured operators, closed claim files hold recoveries the parties handling your claims have limited incentive to chase. When your driver wasn’t at fault, the at-fault motorist’s insurer owes you the repair bill you paid within your deductible. When a shipper’s crew loaded the trailer and the load failed, the shipper owes you the cargo claim you absorbed. When a co-defendant underpaid its share of a settlement you funded, contribution is owed.
A TPA administering claims inside your deductible is not paid on what it recovers for you, and its subrogation performance is rarely measured. We measure it. Recovered dollars pay a fleet twice: once as cash, and again as credits against your loss runs — which feed your experience rating, your collateral negotiations, and your renewal pricing.
Every structure keeps our economics tied to the dollars we return to you — not to billable hours.
Our standard structure for look-back recoveries. We advance our own costs and take a defined percentage of what is actually recovered. If a file produces nothing, it costs you nothing.
For operators who want the picture before committing: a fixed-fee review that produces a sizing report on the addressable inventory. Credited against contingency fees — or the monitoring retainer — if the engagement proceeds.
For leaks that reopen — interchange status Visa re-scores monthly, contract rates that drift at renewal. A modest monthly retainer keeps the audit live and catches a reversal before it costs a quarter.
We will also tell you when there is nothing to find. If your billing, your processor, or your TPA has been doing it right, the audit proves it — and that answer is worth having too.
We are paid from recoveries and findings, not retainers. Nobody else touching your contracts, your processing, or your claims is compensated that way.
The deliverable is recovered dollars, corrected rates, and lower fees — not a memorandum recommending that someone else do the work.
The audit disciplines a Fortune 500 keeps on staff — interchange, contract reconciliation, payables, subrogation — shouldn’t require a Fortune 500 budget. Because we work findings-first, the capability pays for itself out of what it recovers.
We don’t replace your CPA, your broker, your TPA, or your processor. We audit measurable functions they don’t — and work alongside the people already at the table.
To discuss where your operation may be leaking revenue or margin, reach out by phone or email. We respond within one business day. Engagements accepted nationally.