Paperless AP invoice and payment process

April 4, 2019


Q. I am implementing a paperless invoice and payment process in A/P. The ERP system we use is Oracle. Oracle has controls based on PO matching with the invoices and for non PO related invoices an approval is required before anything can be paid. We will scan invoices and attach a softcopy in Oracle. What type of internal controls do company's use to ensure all payments are valid since invoice copies will not be attached to checks for the signer to review. My idea was to randomly select invoices…

  Become A Member

Join IOFM today as a Professional, Business, or Enterprise Member — or upgrade your Starter Membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!

Join Today

Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know. 
Ask The Expert is a member resource of IOFM and all advice provided is subject to site’s Terms of Use.

Subscribe to our Monthly Insider

You may unsubscribe from our mailing list at any time. Diversified Communications | 121 Free Street, Portland, ME 04101 | +1 207-842-5500