Process Analyzer for Procure to Pay

With ControlPanelGRC Process Analyzer for Procure to Pay you can continuously monitor transactions for exceptions to your business rules across the procure to pay process in SAP^®.

Capabilities
Key Benefits

Detailed Insight into the Procure to Pay Process

ControlPanelGRC Process Analyzer for Procure to Pay gives C-level executives, line of business managers and internal auditors instant, detailed insight into the end-to-end procurement process in SAP. It allows business organizations to reduce the risk of fraud, and eliminate costly business inefficiencies by quickly answering questions such as:

Can we identify duplicate invoices?
Are we purchasing material from non-approved vendors?
Are we paying for goods before they have been received?
Can we identify purchase orders issued after the goods were received?
Can we identify purchase orders modified after they have been approved?
Are we paying for goods we have not received?

Continuous Controls Monitoring of Procure to Pay Business Rules

The complexities of procurement make it impossible for any one person or department to watch the entire process all the time. Consequently, there is the potential for waste and spend leakage, or worse yet, deliberate fraud, where it may be months before anyone notices. Process Analyzer for Procure to Pay solves these issues with Continuous Controls Monitoring (CCM) of the entire procurement process.

Real-time Notification of Issues

Process Analyzer puts controls in place to ensure that exceptions to business rules are immediately identified and reported so they can be reviewed by those with proper authorization. The system automatically checks every interaction in the SAP procure to pay process for exceptions to your business rules. When exceptions are found key personnel are notified immediately.

Manage and Remediate Exceptions

When an exception is found users can drill down to the cause straight from the ControlPanelGRC interface. Detailed, plain English reporting with links to related purchasing documents allow users to easily understand and analyze the issue. Users can then act to remediate or escalate the issue from within the system. Actions taken to remediate an issue are noted within the system and saved for audit.

Reduce Wasteful Spending and Processing Delays

Even small deviations from the established SAP procure to pay best practices have the potential to result in wasted spending, interruption of the supply of critical goods and services, missed payments and sour supplier relationships. Process Analyzer for Procure to Pay identifies issues like invoices without proper documentation, paying for goods that haven't been received, duplicate invoices and receiving goods from non-approved vendors.

Improve Efficiency in Procure to Pay

With improved visibility into the procure to pay process, managers can identify and resolve the most commonly occurring mistakes in the process and improve training. Automated monitoring of the process assists in enforcing your organization's rules and helps to improve business efficiency.

Improve Audit Efficiency While Lowering Audit Costs

Preparing for audits using manual methods is a time-consuming, costly ordeal. There's also the risk that critical issues can be missed. Process Analyzer for Procure to Pay automatically monitors all interactions, greatly simplifying the process and eliminating the need for manual sample testing.

Schedule an Online Demo
Request a Sales Call

Call 1-888-SYM-CORP

ALL RESOURCES →

Resources

Archived Webinars:

How to be a Security and SoD Expert When It's Not Your Full-Time Job

Join the ASUG Small and Medium Enterprise SIG for this webcast on security and separation of duties - an encore presentation from this year's ASUG Annual Conference. Watch on Demand
W

How Abiomed Reduced the Time, Effort and Expense of SOX Reporting
Sharon Kaiser, CIO at Abiomed shows how she able to turn audit pain into gain with several strategies to lower Abiomed's total cost of compliance. Watch On Demand

Case Studies:

ControlPanelGRC Adds Value to Graham Packaging's GRC Efforts
Learn how Graham Packaging went from a difficult to implement, expensive and ultimately under-utilized first generation compliance tool to achieving full value from the system and payback in less than a year with ControlPanelGRC. Read More

White Papers:
WP

Five Question to Ask Before Migrating to SAP® GRC 10.0

Have you thought about a migration to SAP^® GRC 10.0 yet? The changes to your system that will happen could be extensive enough to warrant a “re-implementation" rather than just a simple software upgrade. Many companies are taking the next step and migrating straight to SAP GRC 10.0, but most are doing so without answering some very strategic questions about it. Read More

WP

Five Signs That a New SoD Compliance Strategy Needs to be Implemented

SoD compliance in 2012 is not the same as it was in 2002. SoD strategies or solutions that worked ten years ago have become unmanageable for many organizations because "first generation" GRC tools and manual processes have not been able to keep up with auditor demands in 2012. Read More