Purchase Orders (PO) and Purchase Requisitions are extremely common documents that practically every business uses. They help businesses control costs, ensure that employees cannot bypass business standards and that the business gets the best possible deal. Problems are easier to track down. If the vendor delivers the wrong items, the signed copy of the purchase order proves what the business actually ordered.Continue reading “How Purchase Order and Purchase Requisition Templates Help Your Business Succeed”
Organizations create a sales order form to list the products and services being ordered by a customer. The customer may provide one or more purchase orders (PO) for that purpose.
The sales order is a document that’s created internally by the company so that it may process the order in a controlled manner with the necessary checks, authorizations and signatures in place. Generally, the sales order form includes any associated purchase orders for convenience. In some cases, the sales order may also be sent externally to the client for signature, for example, to formally accept Terms & Conditions.Continue reading “How Sales Order Form Templates Help Improve Business Efficiency”
Workflow analysis is the process by which your business examines data about its workflows, determines trends and improves their efficiency. In turn, this improves customer satisfaction and the competitiveness of the business itself.
In most cases, if you ask people why a particular workflow is setup the way it is, they’ll tell you “That’s how we’ve always done it.” The design probably made sense years ago but as the business and its environment have changed, the workflow was probably never updated.
Workflow analysis is the first step towards these necessary updates. Apply it in the following ways:Continue reading “Workflow Analysis – How to Improve and Optimize Your Processes”
Purchase order and invoice processing are basic functions every organization performs as part of its day-to-day operations. Employees in the finance department handle POs, get them signed, send them out to vendors and process related invoices on a routine basis.
These processes can often have complex business requirements:Continue reading “How to create a purchase order process that meets real business requirements”
Organizations of every stripe – small businesses, schools & colleges, and even some large companies – continue to email Excel sheets to approve purchase requests and issue a purchase order. While that’s better than paper, Excel still has numerous disadvantages particularly in today’s mobile-centric, data-driven world. You need a fully digital solution.Continue reading “How to optimize purchase order processing. Hint – Stop using Excel!”
Automation and digital transformation aren’t easy to understand. There’s a lot of jargon such as workflow management, low-code platforms, and process automation.
In this article, we’ll discuss:
- What exactly is a workflow,
- Why you should improve workflow efficiency,
- How you can digitize your workflows using modern, visual software,
- What business benefits will accrue today, and
- How automation prepares you for an increasingly data-driven future.
Let’s face it – even though procurement management is an essential part of successful businesses, it’s one of the most disorganized activities at many organizations.
More often than not, inefficient manual processes are the root cause of these challenges. These messy and wasteful processes causes delays, errors, and workarounds that result in much larger downstream issues such as:
- Mismanaged supplier relationships
- Delayed projects
- Unnecessary legal costs
- Overworked employees
- Lagging stock price.
Procurement is a core operational function of any business. Without the ability to obtain the necessary materials, a business cannot manufacture its products.
Traditionally, procurement’s most important goal was to lower costs. However, the pace of modern business has accelerated dramatically. Today’s businesses also operate on a global landscape sourcing materials and selling products across the world. That’s forced procurement to become a digital, measurable function aligned with overall corporate priorities.Continue reading “Top 5 priorities for procurement in a 21st century business”
Many K-12 schools use Google Apps for Education – a suite that provides email, collaborative documents etc. School districts have hundreds of forms that can be digitized: Enrollments, Admissions, Emergency Contact Forms, Consent Forms and so on.
As a result, schools still use tons (literally 140 tons per year on average) of paper. That paper usage is not just inefficient, but goes against sustainability and environmental goals.Continue reading “How to combine frevvo with Google Apps for Paperless Schools”
Procurement vs Purchasing vs Supply Chain Management – business people tend to use these terms interchangeably. While they are related and are all part of a company’s finance or accounting function, there are differences.
Let’s understand each one and the differences between them in more detail.Continue reading “Procurement vs Purchasing: What are the differences?”