Discover how this Purchase-to-Payment Audit Report can transform your purchase-to-payment process, revealing hidden opportunities for cost savings, tighter controls and smarter decision making. Designed to benchmark your organization against industry best practices, this tool delivers actionable insights that help streamline operations, reduce risks like duplicate payments and fraud, and elevate compliance across procurement, accounts payable and corporate card usage.

This document includes four samples that illustrate its versatility. Sample 1 focuses on aligning purchasing strategies with corporate objectives and capturing savings through better vendor management. Sample 2 examines accounts payable, highlighting improvements in payment terms and communication with suppliers to boost cash flow and efficiency. Sample 3 addresses invoice vouchering, emphasizing timely processing and stronger controls to maximize discounts and minimize errors.

Audit findings in this report include:

• Establish more detailed policies and procedures for corporate marketing and direct bill cards, including a process for AP to receive supporting documentation, such as receipts.
• The vendor setup process is well documented, with step-by-step guidance from request submission through vendor creation, and is shared with the organization through the procurement training manual.
• Continue formally communicating the process to vendors and identifying frequent policy violators to purchasing.