Due Diligence and Ongoing Monitoring

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  • 1.  Invoicing

    This message was posted by a user wishing to remain anonymous
    Posted 05-10-2024 11:09 AM
    This message was posted by a user wishing to remain anonymous

    Hello,

    My team and I are hoping to gain more insight as to what anyone else may have in process regarding vendor invoicing.

    We currently have our vendor relationship owners reviewing the invoices and approving them.

    What structure or process has worked the best for you to ensure proper oversight regarding invoicing?



  • 2.  RE: Invoicing

    Posted 05-13-2024 07:35 AM

    We do the same thing. The Business Units know their vendors best and know the services they provide. They approve, then send the approval to Accounting for the final approval and to pay. If there's any question, Accounting will ask.

     

    Cheryl

     




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