Contract Performance Analysis System (CPAS)
CPAS, another module within the EPAS suite, is a highly configurable contract management and invoice verification tool. Users define and apply contractual terms and conditions to the underlying transaction data and generate the expected invoice line item billing amounts that can then be used to audit the actual invoice from the vendor. Outward billing to customers is also supported. CPAS is designed to work in conjunction with and as a complement to a company’s existing financial systems by providing high volume transaction processing capabilities, an accounting interface and detail analytics both within and across contracts. While the primary objective of the system is focused on the financial components of the contract, data can also be analysed for compliance with performance targets supporting incentive/penalty clauses.