Purchase order and requisition processing

Need: A robust solution that will give budget holders more freedom when processing purchase orders.

Description: An organisation, currently using a legacy accounting software, has the requirement to improve their current approval processes. With a host of approval requirements, including multi-level approval workflows for different budget holders, the organisation require an accounting platform that will enable their current PO processes to become fully automated. This will allow for full traceability, removing the potential for various approvals to be lost or forgotten about.

Strategy: Cloud Accounting

Solution: Cloud Accounting approval processes are an ideal solution for this organisation as it allows for complex but scalable workflows, through the power of automation. Cloud Accounting solutions cover multiple workflows for purchase orders, which can range from a single value up to multi-stage approval workflows, and take into consideration individual dimensions, costs, and budget holders. Adopting a Cloud Accounting solution allows for a fully traceable approval model, improving efficiency and communication between submitter and approvers.

Benefits

• Full automation of process
• Reduction of time, allowing for greater efficiency of processes
• Full traceability at every stage of the process
• Complex, mulit stage workflows
• Automation of traceability reporting
• Not just approvals for Purchase Orders but also Invoice, Payments and Requisitions