Documentation and Auditing Challenges: Invoice-less Payments

Al Barrett, Shared Services Manager at Briggs & Stratton Corporation (Wauwatosa, WI), is dealing with a documentation challenge that presents itself when AP is undergoing an audit. Background: Barrett reports that approximately 65 percent of his company's payment transactions are based on automated Evaluated Receipt Settlement (ERS), consignment, or intercompany transactions, where there is no actual invoice processed. Payment is based on: Fixed Price x PO Price x Quantity Received. “As…