Why Should I Automate Procurement?

Why Should I Automate Procurement?

A purchase order, or PO, is a document that is issued by a buyer to purchase goods or services from a supplier. The purchase order lists the items that the buyer intends to purchase, as well as the terms of the purchase. A purchase order automation system is a software that helps to automate the process of creating and issuing purchase orders.

What are the benefits of utilizing purchase order automation? 

There are several benefits of using purchase order automation: 

  • Save time: Automating as much as possible saves you money and resources. 
  • Refine communication: And enhance your buyer-seller relationship as all information's stored in a single place. 
  • Reduce costs: Automates the overall process of checking goods and the availability of goods. 
  • Improve decision-making: Make faster and stronger decisions with all the information you need up-to-date and ready in front of you. 

Payment Blog  Pictures (4)Overall, purchase order automation can be extremely beneficial for businesses. If you are considering automating your purchase orders, then be sure to research different purchase order automation systems to find one that best suits your needs, which brings us to - 

How do I implement purchase order automation into my business workflow? 

If you're like most businesses, you probably use purchase orders to keep track of the goods and services you need to buy. Unfortunately, the process of creating and managing purchase orders can be time-consuming and error-prone. Fortunately, there is a way to automate the process using purchase order software. By automating purchase orders, you can streamline your workflow and avoid the hassle of manually entering data.

In addition, automated purchase orders can help to ensure accuracy by eliminating errors that can occur when manually entering data. Automating purchase orders can also help to improve communication between buyers and suppliers. By automating the process, you can avoid misunderstandings and ensure that everyone is on the same page.

I'm a small business owner, how does this help me? 

Running a small business can be a daunting task. There are so many moving parts and different areas of expertise required for success. With purchase order automation, you can better streamline and automate those tedious and time-consuming tasks! 

  • Save resources: Avoid the hassle and expense of dealing with paper invoices and manual data entry. 
  • Track your spending: And keep better tabs on your inventory levels, especially helpful for monitoring your overall expenses. 
  • Take advantage of early payment discounts: And avoid late fees!

Basically, if you're looking to save time and money - automating purchase orders is surely a done deal!
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But I run a large business?

If you run a large business, chances are you've already implemented this purely for the sake of keeping your sanity! Otherwise, there's no time like the present to get to it! 

For businesses that purchase large quantities of goods, purchase order automation can be a useful tool for streamlining the procurement process. By automating the creation and management of purchase orders, businesses can:

  • Save time and improve efficiency: And enhance the overall communication process between yourself and the buyers. 
  • Reduce the risk of errors: And prevent delays. 
  • Optimize spending: Through the provision of valuable data analytics...

Did you know you can sync procurement in ConnectWise Manage to QuickBooks Online?

When you do this, you'll be able to

  • Bring the process of receiving vendor invoices into ConnectWise Manage PO; 
  • Sync received and closed line items straight to vendor bills in your Accounting Package; 
  • Fully supports part shipment and multiple invoices per PO.

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For each invoice you handle, it costs your business time, money, and energy. Wise-Pay seamlessly reconciles invoice payments in your accounting platform, and automatically creates client invoices for credit card surcharge payments, overpayments and pre-payments, so you never have to chase a payment again - get paid on time, every time with WisePay .