shareholder

is an individual or company, (including corporations) that legally owns one or more shares of a company.

A shareholder is a person or entity that legally owns one or more shares in a company and may have rights to dividends and voting.

- Used in the purchase-to-pay cycle to validate invoices, approvals, and supporting documents.
- Used to strengthen internal controls over purchasing and supplier payments.

- Example: Before payment, the AP team applies **shareholder** to confirm the invoice matches the approved purchase documentation.

- Why it matters: Prevents incorrect/duplicate payments, reduces fraud risk, and improves accuracy of payables and expenses.