X
Icon

The 21st Minute


Blog

Procure-to-Pay

CaseWare Monitor Applications


The purchase to payment process (P2P) remains one of the most complex business processes, often spanning multiple systems and operations. Despite the level of automation, including enterprise resource planning (ERP) implementations, P2P remains an area prone to fraud, money leakage and inefficiencies. ERP systems are by nature, platforms for continuous business improvements. However, as ERP systems evolve to accommodate changes in business processes and polices, the internal control environment may become compromised and deteriorate as a result of the very changes introduced to initially help the business.

Inventory Analysis

  • Dead stock analysis
  • Top/Bottom purchased items
  • Highest/Lowest turnover
  • Excessive inventory level changes
  • Price Change impact

Invoicing

  • Invoice made before Purchase Order
  • Invoice does not match Purchase Order
  • Invoice limits exceeded
  • Invoice numbers sequence anomalies
  • Invoices to prohibited Vendors
  • Invoicing SoD conflicts

Payments

  • Payments do not match Invoice
  • Duplicate payments across payment systems (ERP, E-payables, P-cards)
  • Split Payments
  • Rapid Payments
  • Gaps in Check numbers
  • Payment SoD conflicts

Purchasing

  • Purchase Orders limits exceeded
  • Split Purchase Orders
  • Old Purchase Orders
  • Duplicate Purchase Orders
  • Purchase Orders do not match Requisitions
  • Purchase Order SoD conflicts

Receiving

  • Receiving vs. Purchased
  • Receiving SoD conflicts

Vendor Management

  • Potential Duplicated Vendors
  • Vendors with invalid or missing information
  • Vendor-Employee and other related parties matching
  • Vendors removed/added
  • Vendors on PEP, OFAC lists

Applications , CaseWare Monitor



Posted By

By


Related Posts
Give Python a Go
Mar 29 Python is considered the official programming language for non-programmers. It gives you increased flexibility and expansive access to your data. For those usin...
No Image
Sep 19 The general ledger is the core of the financial reporting system. Since the GL holds nearly all the financial information used to create the financial statement...
No Image
Jan 18 For years, Audimation’s Solutions Development Team had been performing ad hoc implementation of Accounts Payable-related analytics for various clients. Af...
BROWSER NOT SUPPORTED

This website has been designed for modern browsers. Please update. Update my browser now

×