RAM Manufacturing LLC is a small but rapidly growing manufacturer of parts for the automotive industry. RAM Manufacturing is considering purchasing and implementing an ERP system but has not yet chosen a vendor. Maeve, an accounts payable clerk, processes accounts payable twice per month and regularly fails to take advantage of offered vendor payment discounts.
What control activity could be implemented to prevent this risk in the future?

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The Answer of RAM Manufacturing LLC is a small but rapidly growing manufacturer of parts for the automotive industry. RAM Manufacturing is considering purchasing and implementing an ERP system but has not yet chosen a vendor. Maeve, an accounts payable clerk, processes accounts payable twice per month and regularly fails to take advantage of offered vendor payment discounts.
What control activity could be implemented to prevent this risk in the future?

RAM Manufacturing LLC Is a Small but Rapidly Growing Manufacturer