Organizations (should) strive to achieve 75% to 80% spend control management through streamlined procurement and payment processes.

BAZ procure to Pay process integrates the complete cycle chain of procurement along with financial controls:

Requests from Functional team : Functional teams request for defined material or services. Functional approval hierarchies validate and approve the need

Acceptance by Buying Groups : Buying Groups then take a decision to either procure or transfer from existing inventory.

Ordering : Buying Groups empanel vendors and release orders for various items and services in their purview. Advances are controlled against the orders released.

Receipts : functional users confirm the receipt of materials or services

Invoicing : Received invoices can be matched to the confirmation of goods or services

Payment Processing : Matched Invoices are then processed for payment. Input credits, withholding controls form an integral part of processing along with advance adjustments.

Claims : Processed Invoices are then accounted and paid

Inventory : Inventory goods are controlled through dispatches, receipting, issues and write-offs

Complete end to end controls established ensuring the integrity of data and payments