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December 2013

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Advanced Controls Stop Costly Cash Leakage

Cash leakage can wreak havoc on an organization's bottom line. It can be caused by process errors such as duplicate vendor payments, and rogue behavior such as maverick spend. These unnecessary outflows of cash erode profits, but a growing number of finance managers are turning to sophisticated tools known as advanced controls to stop cash leakage.

The new white paper "Improving the Bottom Line with Advanced Controls," from CFO Publishing and Oracle, explains how advanced controls continuously monitors enterprise resource planning (ERP) configurations and transactions to identify and resolve cash leakage issues.

Here are some examples of how advanced controls help improve the bottom line.

  • Procure-to-pay: reduce unnecessary payments from duplicate vendor invoices
  • Order-to-cash: increase revenue recovery by detecting incorrect invoice pricing
  • Travel and expenses: improve policy compliance by detecting expense splitting
Success Through Synergy
Organizations that most effectively address cash leakage integrate three important solutions: recovery audits, ERP controls, and advanced controls. Recovery audits provide insights into risk areas, ERP controls function seamlessly with your business processes, and advanced controls provide sustainable process governance.

Cisco Eyes Significant Savings
The global technology vendor Cisco Systems is implementing Oracle Advanced Controls solutions to better manage its procure-to-pay and travel-and-expense processes. "The key benefit is [having] an automated platform that gives us the ability to scan 100 percent of the data and flag exceptions," said Vital Nattuva, IT manager at Cisco, in a recent webcast. "We're looking at potential cost savings through increased compliance in hotel bookings. A 10 percent increase in compliance may lead to savings of a few million dollars per year."

The new white paper "Improving the Bottom Line with Advanced Controls," from CFO Publishing and Oracle, explains how advanced controls continuously monitors enterprise resource planning (ERP) configurations and transactions to identify and resolve cash leakage issues.

Benefit from Advanced Controls
Find out whether your organization can benefit from advanced controls by completing the self-assessment in the white paper "Improving the Bottom Line with Advanced Controls."

See the latest information about Oracle solutions for advanced controls.
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