Don’t Ignore your Purchase Order Process because Procurement Systems are Hard to useJuly 9, 2020
Purchase order processing doesn’t have to be difficult. Every asset made by your company costs and added up over your supply chain, these purchases impact your bottom line.
Read on to learn how our solutions help you to quickly process your purchase orders for more efficient business.
What’s your Company’s Reason for Having a PO system, and is it working for you?
Thus, processing purchase orders shouldn’t be ignored because procurement systems are difficult to use. Manual invoices and expenses become the chosen methods of purchase, which escalate costs, negotiated terms of trade, and business efficiencies plummet.
One major online travel agency found that only 8% of purchases made were through their Purchase Ordering system.
Out of a spend of $10 billion – alarm bells started ringing!
How to Turn Problems into Solutions
Not using your Purchase Order System Cost Money
Does this Sound Familiar?
One of the main road blocks for companies using their Purchasing System is getting data into the system. Uploading data into the system can be anything from supplier details, blanket agreements (agreed prices), or large purchase orders.
Increasing the use of your Purchase Ordering System will Benefit your Business
Purchasing departments will have a better view of assets and could negotiate with regular suppliers, ending in cost savings.
Whereas, invoice processing becomes an automatic approval rather than a manual signature-based system; making the creation of purchase orders easier.
By improving tasks; like purchase order processing, businesses’ bottom line and end-users reap the benefits.
We want to make it easy for companies to approve PO’s. We understand that the opportunity cost is too great not to.
From automating manual data entry to removing data bottlenecks and freeing staff to focus on what’s important – our solutions will make positive changes for your business.
We are an Oracle Gold partner who designed our products to work from the familiar Excel spreadsheet environment. For that purpose, more staff is not needed because of installation, testing, and going live are fast and easy.
To learn more, contact us and one of our experts will reach out to you directly.