Spend Compliance via Process Compliance: 50 Shades of Pay (Part 17) [Plus+]

Spend compliance

In the last installment of this miniseries, we explored spend compliance through the lens of contract compliance, payment compliance and budget compliance. In this edition, we dive into the topic of process compliance. If you can create smart controls in the right processes, you can eliminate the most frequent root causes to spend non-compliance. Since the source-to-pay process has three concurrent value streams of cash, information and the physical goods and services, there are multiple ways that incorrect process management and information can impact spend performance and value chain performance. So, follow the process errors, and you’ll follow the money left on the table. Let’s take a look.

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