Manage the source-to-pay process...

Relying on insights painstakingly pulled together from multiple spreadsheets –when someone has time to do the analysis – is no way for the finance department to monitor payment status, vendor usage, and compliance to regulations.

Fortunately, IQVIA has an answer: customized analytics on your source-to-pay process. Our experts will work with you to develop the ongoing feedback you need on your department’s performance and practices to keep you on top of things – while minimizing manual work. We’ll draw upon ERP data (such as SAP’s FICO) and ad hoc files as needed to recommend a set of key performance indicators (KPIs). And, we’ll develop a series of dashboards to support your management decisions. These might, for example, include daily updates on such vital measures as:

  • Segregation of duty in the approval process
  • The timeliness of invoice payments
  • Purchase order penetration/post factum/cycle time
  • The number of payments waiting approval
  • A summary of due-date aging
  • The approval time for items in the shopping cart

Our consultants will see that you have the information you need on- and off-line to:

  • Monitor the performance of the whole procurement-to-payment process
  • Identify and eliminate bottlenecks
  • Set and pay bonuses on payment timeliness
  • Correct and prevent potential cases of incompliance in the segregation of duties
Clever Solutions For Making Smart Decisions 

Discover IQVIA Belgium’s key solutions for BIDS