The purchase ledger supports a high volume of transactions and a substantial amount of an organisations cost. Management rightly have a wealth of controls in place to manage the purchase and payment processes; but some level of value can still be lost through erroneous overpayments, under-recoveries and processing inefficiencies.
To reduce these risks as far as possible, it is vital to have timely and accurate information. A relatively small investment in spend intelligence can quickly have much larger dividends. The Continuous Control Monitoring (CCM) module of SpendGuardian is designed to deliver valuable analysis and reporting to a range of internal stakeholders; finance managers, A/P staff, procurement staff and internal auditors.
The module can be quickly interfaced with your purchase ledger data, providing your organisation with a comprehensive range of analysis. The scope and range of reporting is continuously being developed based on our accumulation of ‘payments data’ experience with many multi-national organisations and public sector bodies.