Visibility Whitepaper - CFO's Guide to Spend Visibility
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Such a scenario creates the need for a one-<strong>to</strong>-one relationship of each invoice <strong>to</strong> each<br />
approver. And, each invoice must have a dependency with the person who ordered<br />
the goods on the invoice if that person is not the approver. Finally, the appropriate<br />
department within the company needs <strong>to</strong> have a reference on the invoice.<br />
Without these requirements in plain sight, invoices can fall in<strong>to</strong> an<br />
actual, or virtual, pile.<br />
There they wait until the person who sent the invoice contacts the person who made<br />
the order and complains about payment being more than 90 days later. Then that<br />
person has <strong>to</strong> a make a personal visit <strong>to</strong> finance <strong>to</strong> discuss the unpaid bill – nobody<br />
wants that!<br />
Procurify | CFO’s <strong>Guide</strong> <strong>to</strong> <strong>Spend</strong> <strong>Visibility</strong> 4