Project Documents:

Internal Controls - Procure-to-Pay

Business Owner: Business Services

Project start date: 6/22/2015

Project closing date: 6/28/2016

This project is one of many within the Financial Internal Controls Initiative. The Initiative has a Framework Development Charter that provides direction for the individual project charters.

The goal of this project is to deliver a redesigned process recommendation for managing purchasing and vendor payments aligning with the objectives of UW-Madison’s internal controls framework, but also offering improved cost savings, efficiencies and internal customer service. This project will also seek to improve the effectiveness of external provider spend management.

For the purpose of this project, Procure-to-Pay is defined as beginning with the request to purchase, through the payment to the vendor and ending with the reconciliation in the General Ledger.

Status

Completed

Scale

 Enterprise

Methodology

 Lean Six Sigma

Key Performance Metrics

No measurements for recommendations phase.