Procure-To-Pay Control Examples
Procurement:
- Requisitions
- Purchase Orders
Receiving:
- Goods Receipt
- Goods Return
Payment:
- Unauthorized changes made to invoices
- Master Data
- Missing Standard Cost Information
Keep Your Procure-to-Pay Process
On The Radar
Managing the Procurement-to-Pay cycle can be a challenge in today’s environment. High-volumes of transaction data – often housed on multiple IT systems and applications –as well as complex authorization processes make proactive controls a business priority.
ClearPriority lets you rapidly configure controls in a broad range of spend categories. It automatically identifies control exceptions and suspicious transactions – including double entries, billing errors, and duplicate and misdirected payments – across functional areas.
Enterprise-wide Manageability
ClearPriority quickly hooks up to transactional processing systems -- including SAP, PeopleSoft, and Oracle Financials. Delivered as an appliance, you can configure it in unlimited ways to fit your environment.
Accounts Payable professionals can implement sophisticated integrity checks and tailor them to your organization’s purchasing practice.