OCfO Priorities
This policy stops invoices from being paid without a purchase order.
What is No PO, No Pay?
This term describes purchases made outside of approved catalogs.
What is Maverick Spend?
A CFO says, “We spend weeks cleaning up transactions for auditors.”
What are Audit Exceptions?
To uncover compliance issues, ask this question.
“How do you enforce No PO, No Pay today?”
This reconciliation matches purchase orders, goods receipts, and invoices.
What is GR/IR reconciliation?
Ariba Guided Buying primarily helps reduce this.
What is Maverick Spend / Off-contract purchasing?
A procurement manager complains, “People keep buying outside the system.”
What is Maverick Spend?
To test finance automation, ask this.
“How automated is your req-to-PO-to-invoice process?”
These are the 3 documents needed for a “three-way match.”
What are PO, Goods Receipt, and Invoice?
A common bottleneck in requisition-to-PO cycles.
What are Slow Approvals?
The phrase “month-end close takes too long” signals this challenge.
What is GR/IR reconciliation delays?
This question helps you assess spend visibility.
“What % of spend is catalog vs. non-catalog today?”
CFOs care about reducing this cost, which rises when finance staff re-key invoices.
What is Finance Cost?
Leadership often complains, “We don’t know how much we spend across business units.”
What is Spend Visibility?
A COO says, “We can’t see what’s in stock until it’s too late.”
What is Inventory Visibility?
If suppliers often miss delivery dates, this is the best discovery question.
“How do you track supplier delivery performance?”
Clean, system-enforced transactions reduce exposure in this area.
What is Audit Risk?
Delays in PO approvals and missing contracts often cause this type of leakage.
What is Contract Savings Leakage?
Suppliers complaining about late payments is usually tied to this issue.
What is Integration Gaps?
To reveal working capital tied up in stock, ask this.
“How do you balance inventory across locations to avoid overstocking or shortages?”