Purchase Order Management
Purchase Order Management Made Simple!
Rapid Purchase Order Management (RapidPO) streamlines your procurement process and gets faster approvals.
What Is Purchase Order Management?
Purchase Order Management is the process of formally requesting the procurement of goods or services. It involves creating and submitting a purchase requisition form, which is then reviewed and approved before a purchase order is issued. An efficient PO requisition process ensures that procurement activities are well-managed and aligned with company policies and budgets.
Why Automate Purchase Order Management?
Manually managing purchases and payments is inefficient and lacks visibility and control.
On average, manual purchase orders takes more than a week to process.
Companies find lack of visibility to be significant challenge in procurement.
Manual purchase order process is prone to 2x more errors.
Benefits Of Purchase Order Management
Efficiency Leaders specialises
in business process automation across New Zealand and Australia and provide comprehensive software solutions designed to streamline and optimise various business operations. With over a decade of experience, we excel in optimising accounts payable and driving financial transformation, reducing invoice costs, and boosting efficiency.
From small businesses to large enterprises, our intelligent software solutions are designed to improve operational workflows, reduce costs, and enable better decision-making. Partner with Efficiency Leaders to experience the future of business process automation and unlock new levels of efficiency and success.
Benefits Of Purchase Order Management
Efficiency
Streamlining the PO process reduces administrative overhead and speeds up the approval process.
Cost Control
Properly managed requisitions help control spending and ensure that procurement activities align with budgetary constraints.
Improved Visibility
Real-time tracking and reporting provide greater visibility into procurement activities and spend.
Compliance
Ensuring all requisitions are reviewed and approved as per organisation policies such as financial delegation, purchasing requirements etc, maintaining compliance from the source of procure to pay cycle.
Improved Accuracy
Automated data entry and approval workflows reduce the risk of errors and ensure that requisitions are accurate and complete.
How does Our Automated Purchase Order Management Work?
Manually managing purchases and payments is inefficient and lacks visibility and control. Our automated process reduces processing time, brings down the average processing cost, and eliminates invoice processing errors with 100% data accuracy. Here’s how it works:
1. Raise a Requisition
Fill out an online form with purchase details and supporting documentation through Rapid PO to make a purchase requisition.
2. Get Approved
3. Send Purchase Order
4. Perform Matching
Faster and Better Procurement Processing
At Efficiency Leaders, we understand the importance of efficient and accurate purchase order requisitions. By using Rapid Purchase Order (RapidPO), we provide a comprehensive solution that enhances your procurement operations. Our commitment to innovation and excellence ensures that you receive the most advanced and reliable requisition solution available.
Features of RapidPO:
Automated Requisition Form
Create and submit PO requisition forms efficiently through automated workflows.
Coding Of Purchases
Enable automated coding of purchase requisitions to capture the costs of your purchases and ensure correct cost accounting.
Approval Workflows
Ensure that all requisitions are reviewed and approved according to company policies.
Real-Time Tracking
Monitor the status of PO requisitions in real-time with RapidPO’s intuitive dashboard.
Centralised Repository
Maintain a centralised repository of requisitions for easy access and management.
Seamless Integration
Integrate the PO requisition process with your existing procurement and ERP systems for a seamless workflow.
Our solutions Integrate with all the major ERPs
Our solutions are easy to integrate with more than 98% of the ERPs available in the market. Our team works with you to ensure our solution is integrated with your ERP seamlessly and quickly.
Book a Demo
We’re here to guide you toward streamlined operations and better outcomes. Take your first step toward transforming how you manage your purchase order requisition processes with Rapid Purchase Order (RapidPO). Book a free, no-obligation demo today.
