Author: frevvoblog

More than half of all Chief Procurement Officers admit that automation technology isn’t being used enough in the purchase order process. This is posing a huge problem.

Not only are manual purchasing processes slow and clunky, but they’re also error-prone. This can result in delays in procurement, poor vendor relationships and extra costs.

Purchase order process automation helps counteract these manual processing issues. Faster and more efficient, purchase order automation can streamline your purchasing processes.

But how do you automate the purchase process?

Here’s a step-by-step guide.

Purchase requisitions and purchase orders (“POs”) are both key documents in an efficient procurement process for any business. They allow teams to plan purchases adequately, plan budgets, and provide proof of spending in case of financial audits.

People often confuse purchase orders (also known as POs) and invoices or use them interchangeably. In fact, they are two different documents that each serve their own purpose. Both are key elements of the procurement process for any business.

But what’s the difference between the two – and when would you use a PO vs an invoice?

And, how can you use workflow automation to streamline invoice processing as well as purchase order as well as invoice processing in your organization through workflow automation?

Read on to find out.