Procurement

Save Money with Efficient Process and Corporate Purchasing

Use Blanket Purchase Orders

• Compare competitive vendor bids
• Pre-negotiate lower prices then use blankets to track agreement expirations
• Create releases against a contract or a document
• Reduce inventory by receiving parts from vendors as needed
• Free up buyers' time to focus on non-stock items

Pre-Set Spending Limits and Electronic Approval

• Manage employee spending
• Require routing of the purchase through approval groups
• Limit the buyer's ability to authorize expenditures in excess of the approved amount

Improve Communications with Vendors

• Generate expedite letters to be e-mailed or faxed to the vendor
• Speed up the ordering process by faxing and emailing purchase orders
• Create/copy vendor's standard clauses to a purchase order

Integrate with Financials

• Eliminate repetitive data entry, save time, and increase accuracy
• Pass transaction records to the general ledger for automatic updates
• Update common tables in real time or through batch routines