Manage the source-to-pay process...
Our experts will work with you to develop the ongoing feedback you need on your department’s performance and practices to keep you on top of things – while minimizing manual work. We’ll draw upon ERP data (such as SAP’s FICO) and ad hoc files as needed to recommend a set of key performance indicators (KPIs). And, we’ll develop a series of dashboards to support your management decisions. These might, for example, include daily updates on such vital measures as:
- Segregation of duty in the approval process
- The timeliness of invoice payments
- Purchase order penetration/post factum/cycle time
- The number of payments waiting approval
- A summary of due-date aging
- The approval time for items in the shopping cart
Our consultants will see that you have the information you need on- and off-line to:
- Monitor the performance of the whole procurement-to-payment process
- Identify and eliminate bottlenecks
- Set and pay bonuses on payment timeliness
- Correct and prevent potential cases of incompliance in the segregation of duties
