Having pre-approved vendors and enforced corporate spending limits offer additional layers of control over purchasing practices. It also encourages improved vendor relations and volume discounts.
Dallas, TX (PRWEB) March 26, 2014
Purchasing for an entire organization can be a complex process, particularly if it’s handled manually. Inevitable human errors can slow procurement and result in wasted time and money. Deploying an automated solution to handle core purchasing functions within your organization can make all the difference in improving efficiency and process control.
Timothy D. Garcia, founder and CEO of Apptricity, provider of mobile enterprise software solutions, has outlined the top four elements every company must have in their e-procurement solution suite.
1. Catalog Management. “Automating this function allows employees to access online vendor catalogs, including information about pricing and availability, says Garcia. “Having pre-approved vendors and enforced corporate spending limits offer additional layers of control over purchasing practices. It also encourages improved vendor relations and volume discounts.”
2. Order Management. “Set specific vendors as the go-to source for orders, while enabling tracking of special pricing to maximize discounts,” said Garcia. “This ensures total visibility into all placed orders, reduces off-contract spending and errors, and makes the process faster for employees.”
3. Supplier Connect. “Adding this application into an e-procurement suite allows organizations to stay linked to their vendors, whether through monitoring order status, submitting payment or tracking shipments,” says Garcia. “It increases overall visibility while keeping the lines of communication open with suppliers.”
4. Invoice Management. “When automated, this tool optimizes invoice processing, which can be a laborious and error-ridden process when manually managed,” explains Garcia. “It prioritizes and escalates invoices according to business rules and special terms. Built-in reporting, auditing and approvals provide the level of supervision and on-demand information that organizations require.”
Taking control of an organization’s purchasing can be difficult without the applications to back it up. With the availability of more cost-effective, cloud-based solutions, it is much easier to assemble a suite of solutions catered to company’s specific needs.
To learn more about Apptricity’s e-procurement solutions, please contact an Apptricity representative at 214-596-0601.
Apptricity Corporation provides mission-critical supply chain management and integrated finance solutions to Fortune 500 companies, small and midsize enterprises and government organizations across the globe. Apptricity software and solutions mobilize any enterprise with unprecedented levels of real-time information and business intelligence so management has visibility into every action and transaction within the enterprise and among its partners, customers and suppliers. Jetstream, our revolutionary platform, enhances legacy enterprise applications and extends the value of information technology investments. Apptricity Jetstream, Apptricity Smartfleet and Apptricity’s other applications address the universal objectives of business, government and the military with accelerated business processes and command visibility. For more information, visit http://www.apptricity.com.