Procurement is a core activity for many businesses. After all, businesses use materials and services in order to create and deliver their own products and services.
Yet, in spite of the fact that it’s such an integral operations process, procurement is persistently one of the most disorganized activities for many organizations including institutions of higher education. Often, this is because procurement’s top priorities haven’t evolved to align with the priorities of a modern business.
It’s hard to blame the procurement department. In many organizations, they’re still stuck using Excel spreadsheets and email for routine processes. Without automation, employees in charge of procurement are still spending a lot of time on paperwork, and simply don’t have the time to think bigger picture. Concerns such as Corporate Social Responsibility or reducing everyday risks to the business unfortunately take a back seat to simply getting through all the routine tasks.
Whatever the size of your business, process automation helps increase agility and sets your business up for success in the 21st century.
Continue reading “Four Procurement Processes Every Business Should Automate”
A purchase order is one of the necessary types of paperwork that many business owners dread. The purchase order process is often long and complex and requires large amounts of back and forth communication. Too often, information gets lost in this type of disorganized communication – and even when it doesn’t get lost, it’s difficult to keep track of everything.
Continue reading “Purchase Order Automation: The Definitive Guide”
Purchase orders (PO) and purchase requisitions are extremely common documents that practically every business uses. They help businesses control costs, ensure that employees cannot bypass business standards and that the business gets the best possible deal. Problems are easier to track down. If the vendor delivers the wrong items, the signed copy of the purchase order proves what the business actually ordered.
Continue reading “How Purchase Order and Purchase Requisition Templates Help Your Business Succeed”
Purchase order and invoice processing are basic functions every organization performs as part of its day-to-day operations. Employees in the finance department handle POs, get them signed, send them out to vendors and process related invoices on a routine basis.
These processes can often have complex business requirements:
Continue reading “How to create a purchase order process that meets real business requirements”
Organizations of every stripe – small businesses, schools & colleges, and even some large companies – continue to email Excel sheets to approve purchase requests and issue a purchase order. While that’s better than paper, Excel still has numerous disadvantages particularly in today’s mobile-centric, data-driven world. You need a fully digital solution.
Continue reading “How to optimize purchase order processing. Hint – Stop using Excel!”
Purchase requisitions and purchase orders – more commonly referred to as POs – are both key documents in an efficient procurement process for any business. They enable teams to plan purchases adequately, plan budgets, and provide proof of spending in case of financial audits.
Continue reading “Purchase Orders vs Purchase Requisitions – how they are different”
People often confuse purchase orders (also known as POs) and invoices or use them interchangeably. In fact, they are two different documents that each serve their own purpose. Both are key elements of the procurement process for any business.
But what’s the difference between the two – and when would you use a PO vs an invoice?
Continue reading “Purchase Orders vs Invoices – What You Need to Know”
Automation is already here, and we benefit greatly from it every day. From electronic boarding passes to smartphone maps to online banking, we’re using less paper in our daily lives and living better for it. Yet many everyday work processes are manual and still rely on paper or email.
Continue reading “A Blueprint to Creating Digital Purchase Orders”