We have helped hundreds of companies increase productivity and control Spend through purchase requisition software, and we can help you too!
“The fact that we didn’t have to receive invoices from a bunch of different places was a great improvement over the current process.
It is a huge labor-saving since we don’t have to type in invoices in the QuickBooks system”
Kevin Slatnick – CFO Coast Flight
A manual purchasing process is the biggest drag on your team’s productivity!
A purchase requisition software streamlines the purchasing experience and increases the productivity of your organization:
A good control process starts with a well-designed purchase approval process.
Enhance user experience through vendor catalogs.
Spend less time creating purchase requisitions.
Omnichannel approvals to support the way you like to approve purchases!
Automated requisition to purchase order conversion without lifting a finger!
Get all the visibility you need at your fingertips!
Never create the same purchase order twice
If you don’t see an immediate reduction in the time spent on processing purchase orders, then the first month is on us.
Actionable strategies you can implement today to reduce the time
spent on processing purchase orders & Invoices.
A purchase requisition software is a web-based application that allows you to automate the manual purchase requisition process. A purchase requisition software provides an easy way to create and approve purchase requisitions.
A purchase requisition process varies from company to company, but the basic steps are as follows:
Create a purchase requisition to provide information about what you are looking to purchase.
Get it approved by a manager or appropriate authority.
Convert the purchase requisition into a purchase order.
Dispatch the purchase order to the vendor.
A purchase requisition comes before purchase order. A purchase requisition is an authorization to purchase a product or service. However, if you don't issue a purchase order to the vendor, the vendor doesn't deliver the product or service.
In other words, a purchase requisition is an internal approval, while a purchase order is an external document that you send to the vendor.
Procurement refers to a company's process to purchase a product or service. Procurement involves getting the best price for the product and service, and the tactical part of purchasing the product through a purchase order process.
A purchase requisition is often prepared by the employee who needs to purchase something. In certain cases, a designated employee creates purchase requisition on behalf of all other team members in that department.
A manager approves a purchase request. Multiple people might approve the purchase request based on the amount in some cases. Each company has its purchasing policy that defines who needs to approve a purchase request.
1. It helps automate the use case for invoice processing.
2. It is easy to implement.
3. It is affordable.
We recommend that you look at a couple of options and see what best fits your needs. It is easier for employees to create purchase order requests and easier for managers to approve purchase requests. By eliminating the manual steps, you cut the cycle time by 40-50%, reducing cost. It reduces the average cost of creating a purchase order by 50%.