What is the name of the application developed to streamline input, tracking, monitoring, and reviewing of data from the daily purchase card transactions?

• A. SMARTS
• B. INMARSAT
• C. PURCHASE AND RECONCILIATION INFORMATION SYSTEM (PARIS)
• D. EQOL

Answer: (C)

This question tests understanding of the system used to manage daily purchase card transactions—from input through reconciliation. The Purchase and Reconciliation Information System, abbreviated PARIS, is designed to capture each card charge, associate it with receipts and statements, and reconcile these transactions in a centralized way. It provides traceable data, supports follow-up on discrepancies, and delivers reports that support auditability and timely closing of purchases. That focused capability is why this option is the best fit for inputting, tracking, monitoring, and reviewing daily purchase card data. The other options aren’t used for this workflow: SMARTS, INMARSAT, and EQOL serve different functions and do not function as the designated purchase card reconciliation system.