Automating of PO Accrual process

Hi All,

We are on R12.2.4 and we have a process where PO User runs a report every month end which shows the list of all Open Purchase Orders and then he sends this report to all relevant stake holders asking them to confirm the PO amount which needs to be accrued for the month.

Once PO User gets the details of PO amount to be accrued for each month, he forwards it to GL User who creates a manual accrual entry. Does anybody know if there is any standard process or module which can handle this.

We want to eliminate this manual process.