Approva Corporation - Controls Intelligence Software

What is Procure-to-Pay Insight?

Procure-to-Pay Insight automates the monitoring of procurement-related controls. It improves visibility into vendor and material master data, key configuration settings and exceptional transactions. Unusual and inappropriate settings and transactions are proactively flagged so you have confidence that all of your processed invoices, payments, and goods receipts are accurate and legitimate.

Procure-to-Pay Insight Software Capabilities

Detailed Monitoring of Procure-to-Pay Controls

Monitor vendor master data, material master data, purchase requisitions, purchase orders, goods receipts, inventory warehouse management, three-way matching, AP payments, and more.

Automated Reporting

Business-friendly, pre-configured reports provide detailed procure-to-pay information. Reports are easy to configure and can be delivered in multiple formats including Microsoft Excel, Adobe PDF and HTML.

Best Practice Business Rules

Use out-of-the-box rules to immediately assess your procure-to-pay process. Easy-to-use graphical interfaces enable business users to write and update rules tailored to specific business needs.

Proactive Alerts

Managers have immediate access to procure-to pay related information and control issues. Automatic alerts notify managers as exceptions occur. Users can subscribe to receive regular reports via e-mail.

Reduced Fraud & Mistakes

Replace manual sampling with automated and comprehensive monitoring. Quickly identify any important configuration changes to reduce the likelihood of fraud or mistakes.

Improved Control Effectiveness

Automate controls monitoring and flag transactions and users that circumvent procure-to-pay policies without slowing the process.

Reduced Audit Preparation Time

Eliminate time spent running reports, documenting approvals and investigating anomalies. Automated controls monitoring creates a detailed audit trail.

Improve Efficiency of the Procure-to-Pay Process

Identify user activity and transactions that do not follow corporate processes. Quickly identify inefficiency in the process and share best practices.