"Real time access to accurate spend and compliance data is a high priority for executives"

"Take advantage of advanced reporting and decisions support tools"

"Continuous controls monitoring for compliance"

Interested in learning more about compliance?

Download Report: Maximizing P-Card program control through process

Compliance and Oversight

Compliance 

Few would disagree that the only thing worse than the nightmare of managing compliance with evolving government and corporate policies such as legal mandates set forth by the Government Accountability Office (GAO) and the US Public Company Accounting Reform and Investor Protection Act of 2002 (Sarbanes-Oxley Act) is the inevitable compliance audit. The time, the cost and the uncertainty are enough to make anyone anxious.

ProCharge puts you in complete control and takes the anxiety out of compliance. Automatic and continuous, rule-based monitoring means that you know immediately about actual or potential compliance problems. Imagine what it would mean to you and your operation to know that challenges like missing data, 1099 TIN validation, SOX, PCI, OFAC, EPLS checking and socio-economic reporting were being monitored 24/7. Instant alerts and email messaging means no more uncertainty or surprises.

When it comes time for that audit, ProCharge has you covered with automated business rule driven verification, and report generation. Real-time access to your information including Level III data makes detailed analysis simple and fast.

You may never look forward to your next compliance audit but with ProCharge you will face it with confidence.

Easy P2P Oversight 

In a recent study, 63% of controllers and professionals identified over-reliance on people and paper-based processes as the biggest problem in their financial operations: inefficiency, the lack of visibility and compliance problems were the common complaints. The same study indicated that more than 50% of the respondents had or were planning to implement some type of automation into their P2P process.

Rather than piecemeal your automation processes, ProCharge makes it easy and very cost effective to have a highly integrated and automated P2P governance operation. For the typical ProCharge user, spend savings average 5%, deployment takes about 4 weeks and the flexible, intuitive user interface permits very rapid adoption by users.

Being a web-based application, ProCharge lets you minimize your finance staff without bloating the IT department. Software installation, setup and maintenance issues are eliminated. You also get secure, instant access to the information virtually anywhere as well as confidence that your information is compliant with government and corporate policies. Easy integration with suppliers, T&E and P-Card issuers, banks and others lets you automatically capture Level III data for unparalleled visibility and control of your operation.

If you have found that Cards haven’t provided the spend control and metrics analysis you expected, the reason is most likely the controls are not in place to give you the required insight into your Card activity. ProCharge not only gives you real-tine control and visibility, it lets you proactively manage your T&E, Ghost, P-Card and other card cards operations and control your spend cost.

See how easy and profitable it can be to automate the governance of your P2P processes with ProCharge.

In summary, TakeCharge Technologies compliance solutions are at the core of our business offerings.  We offer the flexibility and control required to ensure your organization can continuously monitor, manage and improve your procure-to-pay process.