Finance Source-to-Pay Process Analytics

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. 
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Manage the 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