End-to-end purchasing solution: Purchase Order creation, PO approval and its submission to the supplier, matching of each Bill with the corresponding Purchase Order, and Bill authorisation.
Your cloud accounting platform is extended with sophisticated review and approval workflows which enable conditional, sequential, and parallel approvals as well as a flexible definition of authorisation levels, e.g. spending limits or cost centres.
Bills can be manually matched with the corresponding Purchase Order(s), and reviewed and approved based on the matching. The amount check capability verifies that the total Bill amount does not exceed the amount of the initial Purchase Order(s).
Automatic notifications for Approvers as well as real-time report views of the approval progress and the received invoices help identify any bottlenecks, discrepancies, delays in the review and approval process.
A detailed and precise history of all approval decisions is provided for audit and compliance control purposes. Upon the final approval, an audit report based on the audit trail logs is created to enable tracking of all key approval decisions; ensuring audit readiness at any given time.
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