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Removing Critical Risks From Procure-to-Pay

Removing Critical Risks From Procure-to-Pay

While procure-to-pay processes are being automated and streamlined, some risks persist, largely unaffected by the initiatives that cut costs and increase throughput.

Risks such as:

  • Payments as a result of fraud
  • Potential damage to the organisation’s reputation
  • Incorrect and duplicate payments made to suppliers
  • Working capital not available to support your organisation’s strategy
  • Finance team not delivering to its full potential

Traditional controls fail to protect from these risks.

With fewer accounting-trained people seeing transactions, a new approach is needed to prevent the causes of these risks.

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