Why Your Purchasing Process Holds The Key To Effective Internal Controls

Learn and develop best practices to increase bottom-line savings.
 

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Procurement in construction E-Book

Understanding The Purchasing, Payments, and Payables Cycle

Accountants, controllers and chief financial officers in industry are familiar with the purchasing, payables and payments cycle (PPP).
 
Yet what often occurs in business is that the PPP cycle doesn't start with the accounting department. The decision to purchase a good or service for the organization begins with business managers, employees, field staff and many others outside of accounting. So how can a formal purchasing process realign business processes with accounting goals.

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