Purchase to Payment (P2P) remains one of the most complex business processes, often spanning multiple systems and operations. Despite a high level of automation including ERP implementations, P2P remains an area prone to fraud, money leakage, waste and inefficiency.

CaseWare™ Monitor for P2P suite of tests is comprehensive and covers the full lifecycle of P2P. The suite includes tests and reports for Segregation of Duties, Master Data Monitoring, Exception Reporting, and Metrics and Performance Monitoring.

All facets of the P2P process from requisitioning through to payment can be monitored, providing insight into specific issues, as well as into the overall health of procurement controls. Notifications and workflow management are built into the continuous monitoring framework, ensuring that exceptions receive proper attention, and that their resolutions are managed.

Key benefits include:

• Fewer improper payments
  Immediately detect fraudulent, erroneous and duplicate payments. Avoid business transactions with unapproved or potentially duplicate vendors.

• Identify and resolve control failures closer to the point of occurrence
  Bring cost recovery savings in-house by identifying and resolving control failures as they occur, thereby improving recovery rates and lessening reliance on post-recovery audits.

• Collaborative framework
  With an integrated workflow and escalation path for all exceptions, make multiple people aware of control breakdowns to ensure accountability and issue resolution.

 P2P Solution Overview