A common challenge for companies trying to manage their Procure-to-Pay business process is encountered when trying to implement the segregation of duties & other controls mandated for Sarbanes-Oxley and Audit compliance. Whereas materials & parts procurement have JDE applications that easily support the 3-way match of Purchase Order – Receipt – Payment Voucher, companies procuring Services from Contractors are frequently faced with the dilemma of how to perform a Receipt of Services? All too often, companies arrive at a hodge-podge of process and JDE usage, ranging from flip-flopping the quantity and extended price fields on the PO, forwarding invoices via mail to the original requestor of services procurement for a “manual approval to pay,” and external software systems managing “A/P approvers.”
With the new Contractor Services Module for EnterpriseOne, managing Contractor Services procurement has never been easier. In this Session you will see how this EnterpriseOne native module allows your company to overcome the challenges that plague your Procurement, Operations, and Accounts Payables groups