RSSProcure to Pay
Reduce Errors and Prevent Improper Disbursements Before They Hit the Books
Save time and money by locating mistakes and violations within complex Procure-to-Pay applications. Oversight Systems’ Continuous Transaction Monitoring (CTM) technology automatically monitors key financial applications from across the enterprise to identify invalid vendors, duplicate POs and invoices, erroneous payments and other common Procure-to-Pay issues.
Oversight’s deep expertise in Procure-to-Pay and other financial management disciplines gives organizations a virtual analyst that automatically identifies fraud and misuse in real-time, on a 24/7 basis. As a result, Oversight is a critical tool for locating process breakdowns as they occur, rather than long after the fact.
Oversight Systems’ real-time monitoring and active analysis quickly identify Procure-to-Pay issues in the following areas:
- Duplicate vendors, vouchers and invoices
- Erroneous POs
- Non-compliance with trade regulations
- Unused discounts or rebates
- Inappropriate sales tax
- Discrepancies in freight charges
- Un-reconciled liabilities in accounts for un-vouchered receipts or Goods Received Not Invoiced (GRNI)
Request more information about Oversight
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