Who’s in Control of your Purchasing Process?

Procuring goods and services is typically a significant area of spend – for most organisations. Yet whether you are a public or private company, for or not for profit, managing this spend and the processes around it is typically not something a great deal of time is spent on. The concept of a PO might be foreign to your business, even though you have a pretty clear policy defined somewhere on who is allowed to spend what sort of money for what purpose, how expenditure should be approved, and so on. Indeed, there may even be an external audit requirement – apart from just plain good business sense – to have those authorisation flows adhered to.

The key to efficient, controlled spending lies in the ability to empower staff with requisitioning responsibilities whilst ensuring that contracted buying agreements and spending limits are enforced and that requisitions are routed to the relevant individuals for approval in a timely manner.

  • Decrease the time taken to process the generation and approval of PO requests from days to minutes.
  • Ease of use, interoperability and scalability within the EPICOR financial suite and sophisticated reporting applications.
  • In-depth ability to streamline business purchases through fast prearranged chain of command making approval system fast, efficient and accountable.
  • Enforcing control and speeding up approval.
  • Accurate reporting of all stock that is ordered across a group allowing for accurate forecasting on future orders and financials. Giving you the ability to have greater control over price negotiation with suppliers.
  • All data entered is integrated into the system accurately and in real time.
  • Tight control over capital and operational expenditure.
  • Improved process efficiencies, optimised inventory levels and reduced costs across the organisation.

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