An Online Purchase Order System Can Streamline How a Company Purchases Items and Can Save Money

An online purchase order system is an ideal solution for businesses that want to fully automate the process of issuing and managing purchase orders, and the receiving of goods tracked by purchase orders.

PA, PA (prHWY.com) February 12, 2013 - PA, Feb 12, 2013 - An online purchase order system is an ideal solution for businesses that want to fully automate the process of issuing and managing purchase orders, and the receiving of goods tracked by purchase orders.
Companies can set up pre-populated catalogs from which employees build purchase requisitions. Companies can also work with approved online vendors to push a pre-approved company catalog to employees that punch out to the ecommercesite from within the purchase order system.
As the system is set up, specific spending limits can be assigned and category approvers can be set. These category approvers can be assigned approval authority for specific spending categories such as travel, computer supplies and more.
As employees create purchase requisitions, they shop in these uploaded catalogs or with approved ecommerce vendors, filling a shopping cart which then populates the requisition. Multiple items from multiple vendors can all go on one requisition, saving a lot of time. Quotes and bids can be scanned, faxed or electronically added to the requisition to provide back up to support the request. Requisition items can be allocated or split across multiple projects and departments, allowing you to easily assignthe spend.
Requisitions are routed for approval and once approved, purchase orders can be easily generated. Once the PO is set, it can be consolidated with other orders and sent directly to the vendor.
Support for packing lists and receiving thresholds makes it possible to record what was receivedagainst what was ordered and confirm if vendor submitted invoices match.
Seamless integration with the General Ledger of the companies' accounting systems provides automatic updating of critical information.
Automating the requisition and invoice management process makes it easier to monitor spending commitments, cut expenses by ensuring that money is spent properly, reduce the effort required to manage approvals and cut the time spent on the payment process.
Purchase Order Tracking - Companies have complete control because their specific purchasing policies are automatically applied as requisitions are created ensuring compliance to company spending rules. What's more, they gain complete visibility over all spending in the business, what's been approved for purchase, and what's waiting in the pipeline to be approved or paid

.
About the Author:

Purchase Order Tracking - ExpenseWatch.com delivers spend management products & services for businesses that automate manual, time consuming paper-based processes for company purchases, payable invoices and expense reports, while enabling visibility and control of all company spending.
Contact Details

ExpenseWatch.com
620 W. Germantown Pike
Suite 175
Plymouth Meeting, PA 19462

###

Tag Words: None

Categories: Business

Link To This Press Release:

URL HTML Code