Critical Weaknesses in 3-Way Matching.
February 21, 2018
Three-way matching has been around for 40 years and is the most common internal control procedure used in purchase-to-pay (P2P) processing and ERP systems. Organisations have become overly reliant on this control and there is clear evidence growing that this it is being circumvented, intentionally or unintentionally, through automated or manual processes. It’s a great safeguard against fraudulent invoices being processed by accounts payable staff.
In this session, we will examine the critical weaknesses of 3-way matching and consider how automated processes and accounting systems are helping Shared Services, Accounts Payable and P2P teams to protect their supplier spend.
During this webinar, Finance professionals will discover:
- The limitations of 3-way matching as an internal control;
- The immediate benefits of constant monitoring technologies to your organisation;
- Three case studies that showcase the benefits of how constant monitoring technologies are being used with great success;
- The need for organisations to heighten internal controls and drive process improvement.