Internal Audit, Risk, Business & Technology Consulting The ability to track vendors and spending is critical for all organizations but even more so for those that receive millions of dollars in federal funds. Aware of certain pain points and inefficiencies, one such organization — an educational and research institution — reached out to Protiviti for some concrete help to review its vendor master file and accounts payable processes. A broader but less clearly articulated concern of the institution was the lack of spend visibility: Each department used its own processes and vendors to obtain goods and services, making it difficult to leverage spend volume and control the overall budget of the institution. Initial meetings with the institution’s head of procurement revealed systemic

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