Highlights
of Purchase Manager:
- Fully automate the requisition-to-reconciliation process - and reduce the paper piles and workflow bottlenecks.
- Create electronic requisitions and route them for approval using your own email system and/or Purchase Manager's internal messaging system. (Even approve or deny directly from an email!)
- Use Purchase Manager to ensure compliance with Sarbanes-Oxley Act, Section 404 - it captures a complete audit trail of all purchasing-related activity.
- Use spend data to analyze purchasing trends and evaluate suppliers to identify volume purchasing opportunities and gain leverage in negotiations.
- Ensure purchases comply with your internal policies as well as contracted vendors and terms - eliminate "maverick spending."
- Conduct vendor bidding events with our powerful online RFx tools to drive lower costs.
- Automatically split requisitions by line items if buyers have separate responsibilities.
- Send Purchase Orders by fax, e-mail, electronically or post to vendors.
- Enter shipping label information to verify receipt of items.
- Reconcile the invoice to the receiving documentation to the purchase order to achieve a 3-way match.
- Integrate with your financial system to validate GL numbers, receive a notification if a budget is about to be overspent and pass invoice data to your AP system.
- Connect electronically ("punch-out") to your vendors' online catalogs using our Vendor Connect module.
- Track materials once they are purchased with Verian's optional Inventory Manager and Asset Manager components.
