Simplifying Source-to-Pay, Part 5

May 1, 2017

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Last time, we explored how to match payment control channels to payment risk. The less the risk, the less rigorous the payment controls need to be. For example, for dealing with the risk of an unauthorized spend amount, a credit card solution might be sufficient. On the other hand, running out of stock in a manufacturing company is a business-critical risk, and is better managed through three-way matching or evaluated receipt settlement on the back end.

Step 5: Buying Channels

Once the risk leve

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