GRC Expert Posts New Article - "Use a Three-Way Invoice Control Assessment to Reduce the Risk of Fraud and Money Loss"

Dedham, MA (PressExposure) January 10, 2012 -- This article focuses on measuring the effectiveness of implementing three-way match invoice control to reduce the risk of fraud over the procure-to-pay process. Three-way voice control is an SAP system designed to ensure that the prices of purchase orders and invoice requests are the same within certain tolerance limits, typically defined by management. If these prices and quantities are not consistent, invoices are blocked for payment by the system.

In this article, you will examine the implementation and creation of these systems using SAP solutions, and look at in-depth approaches to three-way match invoice control. Bob Croce, product director of SAPexperts, comments, "Properly implementing three-way match invoice control - in terms of security, segregation of duties, and processes - is essential to ensure fraud will not take place and implemented controls cannot be bypassed."

The article abstract is located at: http://www.grcexpertonline.com/article.cfm?id=6254&utm_source=WIS&utm_medium=Press%2BRelease&utm_campaign=GRCexpert%2BPress%2BReleases

About the Author: Maurizio Binatti is an SAP GRC consultant at Aglea s.r.l. (www.aglea.com), the only Italian company whose core business is SAP security and compliance. He has six years of experience in SAP security, IT automated control, and internal audit best practices over different processes.

About SAPexperts:

SAPexperts consist of nine online knowledgebases produced by WIS Publishing - the leading independent provider of publications and educational events focused on SAP technology. The nine SAPexperts knowledgbases consist of Financials Expert, BI Expert, SCM Expert, HR Expert, CRM Expert, GRC Expert, Solution Manager Expert, Project Expert, as well as SAP Professional Journal. Access to the SAPexperts knowledgebases is obtained on an annual subscription basis. More information can be found at http://www.sapexperts.com.

About WIS Publishing:

WIS Publishing is the premier independent provider of SAP training materials, with more than 250,000 customers in 61 countries. WIS Publishing is the publisher of SAPinsider, insiderPROFILES, and the SAPexperts publications, and is the producer of the SAPinsider conferences and the Insider Learning Network. For more information, visit http://www.insiderlearningnetwork.com.

About WIS Publishing

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Press Release Source: http://PressExposure.com/PR/WIS_Publishing.html

Press Release Submitted On: January 10, 2012 at 10:40 am
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