Hi everyone, as a continuation of the previous article on analytics in P2P process, I am here to present you the same kind of analysis that can be performed in Order To Cash process.
·
To Check if
there are any duplicate customer codes in master data
To check if there are any multiple customer / duplicate accounts created
with the following details
o
Customer name + company code + Same address +
Different customer code
·
To check on the
potential bogus transactions
o
Sales transactions (Basic amount in INR) ending
with ‘999
o
Sales transactions (Basic amount in INR) ending
with ‘000
·
Transactions
with default suppliers
o
Sales transactions with customers identified by RBI
and MCA as parties in default
·
High value
sales return made at the start of the quarter
o
Check whether there are any high value sales
returns made at the start of the quarter. This may be as a result of bogus
sales booked at the end of the previous quarter to window dress the financials
·
Transactions
with related parties or with parties of interest
o
Observe carefully of any sales made to related
parties and to parties of interest to check if they are carried on at arm’s length
price
·
High unit price
variations (Trend analysis)
o
Same material sold to same customer at different
price (Same material code + same customer code and name)
o
Same material procured from different vendors at different
price (Same material code + Different customer code and name)
·
Transactions
with customers who have outstanding for more than 180 days
o
Check if there are any transactions with customers
whose balance is outstanding for more than 180 days (long pending dues) using
invoice date and credit period given, if any
·
To check on the
excess dispatch of finished goods
o
Perform reconciliation of outward weighment report at
the plant (at the time FG moves out of the plant) against the invoice quantity
with the following details
o
Exact vendor code + same material code
