STRENGTHS - PURCHASING Flashcards
1
Q
Payments made by BACS - efficient & cost effective
A
.
2
Q
Good segregation of duties
A
results in lower risk of fraud
3
Q
Checks on cashflow
A
Ensue payments are made only when the org has funds available to honour the payment
4
Q
Use of emails to confirm payment made
A
Sustainable method of communication.
Keeps stationery & postage down
