When employees buy goods or services without involving the purchasing department, they’re not utilizing that department’s skills and knowledge which can lead to wild buying habits and unwanted consequences.

This means that employees are either using non-approved vendors, ordering products outside of the purchasing department, or a combination of both. A lack of total control over ordering processes can lead to the maverick buying effect. Reasons for Automating the Procure to Pay Cycle in SAP Since the procure to pay process can be highly complex, involving multiple employees across many departments and locations, automating the procure to pay cycle in SAP is the best way to ensure that you are meeting all compliance standards. Luckily, it is easy to digitize your procure to pay cycle in SAP to ensure compliance is met thoroughly. The procure to pay process can be very challenging for manufacturers because compliance definitions vary from state to state so you can’t put full trust in your manufacturers to get compliance right. All processes are accompanied by comprehensive and mature monitoring to accomplish the Sarbanes-Oxley Act (SOX) Compliance.” So, what exactly does compliance in the procure to pay process mean? Well, according to SAP, “The Accounts Payable / Procure to Pay (P2P) overall process covers the complete cycle from Vendor Master Maintenance through procurement and Vendor Invoice Processing, the resulting Payment Processing to external vendors and the Period Closing Activities.

When you automate your procure-to-pay process, you’ll not only ensure compliance standards are met but gain added business value as well. Compliance in the procure to pay cycle in SAP can be difficult to achieve. While compliance in the procure-to-pay process can be tricky, automating procure to pay SAP compliance can drastically help companies struggling with compliance in the procure to pay process.

Since companies regularly engage with auditors to check for financial fraud risks and to help them create error-free financial processes, audit compliance in the procure to pay cycle in SAP is very important.

Procure to pay process sap