Receiving Services

Dig Deeper

Review of the receiving procedures within the procure to pay (P2P) process is a crucial step for a successful audit. During the data acquisition process, Business Strategy digs deeper by requesting the receipt, packing slip, and bill of landing to match against the paid invoice. Additionally, we review your Evaluated Receipt Settlement process to ensure proper administration of receipts and returns. This course of action guarantees that we focus on reviewing your returns process and validating that return credits are processed properly.

 

Ensuring the Accuracy

Business Strategy is an expert in validating that Evaluated Receipt Settlement (ERS) transitions are accurately paid. In an ERS transaction, the supplier ships goods based upon an Advanced Shipping Notice (ASN). Following the ASN, the purchaser, upon receipt, confirms the corresponding purchase order or contract. The purchaser then verifies the identity and quantity of the goods and pays the supplier.

 Technology and Data Acquisition

With the technology of our data acquisition process, we provide the tools to reconcile your goods and invoices received. Accounts are cleared by our Four Way Matching process.

To learn more about the Four Way Match click here

In this section

Leave No Invoice Unturned

Every Business Strategy audit includes a detailed analysis of your procurement and payment processes. Find out how you can prevent future loss. Read More

During the tenure of our relationship, Business Strategy has recovered in excess of $75 million dollars.