What is PO software and why should we use it in our business?
Many organisations use PO software to automate the processes involved in raising purchase orders. Using PO software ensures that all purchase orders raised within an organisation are in the same format and contain the relevant information required when ordering products and services.
The software allows approval routes to be defined which direct purchase orders to the right people for approval and in the event of absence, escalate the PO’s to another approver to avoid delays.
PO software can also include budget control functionality which allows budgets to be set and current balances displayed as goods are ordered. The Finance Department can also see, at any time, the company’s outstanding expenditure so the software gives greater visibility and overall tighter financial control.
Storing purchase orders electronically saves on printing and filing costs and if a purchase invoice approval system is also used PO’s can easily be matched to the relevant invoice.
For further information on PO software please click here or call Cloud B2B solutions on 0800 840 3336.
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