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For many companies, overpayments, data errors and inconsistent procure-to-pay processes are a constant reality and a multimillion-dollar hurdle on the path to high performance.
The Accenture Transaction Compliance & Analytics Tool is specifically designed to prevent errors and overpayments before they occur by monitoring purchasing and payables transactions using more sophisticated algorithms than standard enterprise resource planning solutions.
This radical approach is an opportunity for companies to move from a cyclical, post-payment audit routine to a prevention-focused environment where errors are identified and corrected before payment is made. The data analytics provided by the tool are also invaluable in identifying improvements that can be made to the procure-to-pay process.
The Accenture Transaction Compliance & Analytics Tool represents a whole new way to build a procure-to-pay operation. Its core capabilities (preventing as well as spotting errors; analyzing pricing and allowances; and collaborating more closely with suppliers) are designed to increase control and create a more accurate and efficient procurement operation. Those same capabilities are also pillars of high performance—the traits shared by companies that consistently outpace their competitors.
Watch the video See the Accenture Transaction Compliance and Analytics Tool in action.
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