The activities leading to the receipt and ultimate payment of an invoice are complex and typically involve multiple departments and potentially multiple locations within an organization. There are inherent risks throughout the transactional cycle and our Procure-to-Pay (P2P) Recovery Audit will identify process breakdowns and funds lost (profit leakage) as a result.
A full scope P2P Audit combines a Contract Compliance Audit with the traditional Accounts Payable Audit . In order to completely assess the P2P process, invoices and payments are analyzed from the contract to purchase order, receipt of goods/services and ultimately what was paid for those goods/services. Areas included in the audit:
Pricing
Volume Based/Tier’s
Price Protection
Unit of Measure
Promotional
Discounts
Allowances
Rebates
Incentives
Shortages
Freight
Sales Tax
Payment Terms
Duplicate Payments
Statements
Returned Goods
P-Card
Expense
Specialty Areas – Pharmacy
DSD
Scan/Movement
Warranty
Salvage/Spoilage
Vendor Master Review
Other Industry Specific Areas
Each project is customized based upon client needs and industry. Deep knowledge and expertise of P2P auditing combined with industry experience efficiently delivers SAS clients the highest recovery’s and process improvement recommendations to mitigate future risks and losses.
