Finance Payment Process Rubric
Finance Payment Process Rubric
|
Criteria |
Excellent - 4 |
Good - 3 |
Satisfactory - 2 |
Poor - 1 |
|
Timeliness |
Payments processed 5 days before due date |
Payments processed 3 days before due date |
Payments processed on the due date |
Payments processed after the due date |
|
Accuracy |
100% accuracy in payment amounts and recipient details |
95-99% accuracy in payment details |
90-94% accuracy in payment details |
Less than 90% accuracy in payment details |
|
Compliance with Policies |
Fully compliant with internal and external payment policies |
Minor deviations, but generally compliant |
Occasional non-compliance with policies |
Regular non-compliance with policies |
|
Documentation & Record Keeping |
Comprehensive and organized documentation and records |
Well-maintained documentation with minor lapses |
Adequate documentation but lacks organization |
Poor documentation and record-keeping practices |
Scoring:
-
13-16 points: Exemplary Payment Process
-
9-12 points: Adequate Payment Process
-
5-8 points: Needs Improvement in Payment Process
-
1-4 points: Critical Review and Overhaul Required
