Requisitioning & Buying
Our Procure to Pay (P2P) solution is designed to deliver an efficient straight-through process, driving contract compliance and maximising savings.
It enables you to automate and streamline the requisition and order process, reducing re-keying of information by as much as 70-80%. Plus it helps you cut down maverick spending, and better monitor the performance of your suppliers.
The capabilities of our solution
Smarter, faster transactions
Users can order goods and services using a 'shopping basket' approach. This can be with local stores, direct with third party suppliers via catalogue management functionality, or via links to marketplaces and individual supplier portals.
Once raised and approved, orders are automatically generated and sent to suppliers. This reduces the transaction processes within the central procurement team.
Impressive cost savings
By automating the procurement process end to end, you can dramatically reduce the transaction costs of raising a purchase order.
Full workflow and alerts functionality notifies authorisers of requisitions awaiting approval. There are also full residual budget checking facilities and comprehensive auditable controls and validation checks.
Through advanced reporting functionality, procurement teams can control and monitor supplier performance, while improving process flows and reducing maverick spending.
Purchasing card reconciliation
Many organisations are also implementing procurement card programmes to individual cardholders, to cover off areas such as low value spend, travel and expenditure procurement. To maximise the success of these programmes, we provide full purchasing card reconciliation (PCR) functionality with the solution.
Our flexible procurement platform is also fully integrated to our financial management system.
Want to know more?
You can download more information from our resources area. Or you can call us on 0845 160 6162 and we can help you determine the right solution for you.
Request more information on our Procurement Solutions
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Principal Systems Development Accountant,
Newcastle City Council