As you might expect, the PO module is the heart of any purchase order software. Surprisingly, many companies simply don’t use purchase orders.We believe this is a fundamental error in business practice. The lack of using purchase orders allow opportunities for misunderstandings to take place between buyer and seller.
A correctly formatted and approved purchase order document assures that you are not open to misuse and maverick buying. In other words, purchase orders curtail people picking up the phone to place an unapproved order with a supplier.
Having a properly constructed purchase order system allows you as the buyer to explicitly state what you wish to buy, at what price, and under what terms.
It may also specify your policies on the acceptance of the goods/services and your policies on rejects and returns. This is crucial information that both parties to the transaction should be aware of prior to entering into the transaction. This eases the payment of the eventual invoice.
A centralized control point not only helps curtail unwanted or unapproved spending but also assists in seeing the overall spend through management reports.
One requisition can generate multiple orders
Multi-currency
Explicitly specify delivery, payment and invoice instructions
Multiple account codes with split financial allocations
Multi-level signoffs and approvals based on role
Supports internal catalogs, free text and vendor punchout as standard
Allows for personalized PO formats with logos and scanned signatures
Fully details all terms and conditions of purchase
Controlled change management with audit trails
A Purchase order document allows for easier auditability, traceability and most importantly accountability. If you are a publicly traded company then you will be aware of Sarbanes-Oxley (SOX) compliance measures. Furthermore, we have internal systems in place with our platform that empower buyers to trace any errors on their POs to the suppliers before the suppliers are aware of such errors. This allows the Approvers to only approve valid requests that they know are within budget.
Such enforcement of personal accountability within your organization ensures visibility of the process from request initiation to final payment of the invoice – this is important if you wish to implement best practices within your organization. Eyvo’s eBuyerAssist cloud-based purchase order software system can do exactly that – putting you in control of your spend and ensuring vendor compliance with all your transactions.
For more information please Contact Us!
Per User/Month
3 – 10 Users
3 Month minimum/No annual Contract
Purchase Orders
Multi-Level Approvals
Budget Control
Item Catalogs
Invoice Match (Option)
Receiving (Option)
Quickbooks (Desktop/Online) Integration
24/7 Support via email
Includes Small Business plus…
10 + Users
Multi-Currency
Purchase Requisitions
Document Attachments
OCR Invoice Match via Email
Contract Management
Import/Export Ability
Annual Contract
Extensible From a Full Range of Optional Modules
24/7 Support via email/phone
Includes Professional plus…
50 + Users
Multi Company (5 as Standard)
Data Silo Separation for Regions/Sites
SSO/SAML/ADFS/OKTA Integration
ERP Integrations
ODBC SQL Access via VPN
Field Customization
Forms Customization
Workflow Customization
Reports Customization
Access to our Open API
USA +1 888 237 9801
UK +44 (0)560 307 4470
sales@eyvo.com
