Description: While many companies have a well-designed process for handling invoices associated with purchase orders (POs), the non-PO related invoices can often be much more challenging and the cause of many exceptions. During this Peercast, our feature company will share the results of their recent efforts to streamline this important aspect of their Accounts Payable operation, including the challenges they faced and lessons they learned along the way.
Background: While many companies have a well-designed process for handling invoices associated with purchase orders (POs), the non-PO related invoices can often be much more challenging and the cause of many exceptions. This poll looks at the percentage of invoices that do not have PO's and the focus member companies are placing on reducing non-PO invoices.
None - All purchases must be made on a PO | 0% | |
Less than 5% | 16% | |
5% to 9% | 21% | |
10% to 19% | 26% | |
20% to 29% | 16% | |
30% or more | 21% |
Significant focus - processing these invoices is inefficient | 50% | |
Moderate focus | 6% | |
Little focus - this is not a high priority | 22% | |
None - this is not on our radar screen | 6% | |
None - PO's are already mandatory | 0% | |
None or very little - we will focus on streamlining the process instead | 17% |