Gathering requirements for PTP transactions

Within this process, we cover the purchasing needed to make the company run. If your client is a software company, their PTP transactions may be limited to things such as rent, utilities, and computer and office supplies. In that case, their requirements for these transactions should be simple to gather. But many companies have rules they’ve established around things such as how their employees should make requests for purchases, or which management approvals are needed when these employee requests come in. Approvals are very common for PTP transactions, even when the company has dedicated buyers.

Here are some topics to cover when analyzing the client’s PTP needs:

• We need to understand the process flow within the business for the entire PTP process, so that will include purchases, receipts, bills (also known as vendor invoices), and returns and credits.
• Is there any direct communication between the business...