Our eProcurement suite also supports eSourcing activities using RFI/RFQ and RFP processes enabling buyers to onboard new vendors easily and then view and compare quotes. The final steps of the eSourcing process involve sending an approved purchase order to the vendor, receiving their goods or services and accepting their invoice and then sending payment of the invoice.
To summarize the procurement function, we use a procurement dashboard which is essential to monitor how your system is performing both as a whole and within each of its constituent parts.
Eliminating Out of Control Spending
This is one of the primary motivating factors. If you are using a modern procurement software solution, like Eyvo’s eBuyerAssist, then you will find that the process outlined above is fully automated and seamless from request entry to the issuing of the check.
The end result is that your company will gain a variety of advantages ranging from transparent workflow and tracking receipts to an improved ability to analyze and control your organization’s budget all under the watchful auditing eye of the system. By using processes that ensure your company only pays for what it receives, you will avoid being over billed and your buyers will always be aware of late deliveries or short supplies.