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”
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.
Purchase requisitions and purchase orders – more commonly referred to as POs – are both key documents in an efficient procurement process for any business. They enable teams to plan purchases adequately, plan budgets, and provide proof of spending in case of financial audits.Continue reading “Purchase Orders vs Purchase Requisitions – how they are different”
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?Continue reading “Purchase Orders vs Invoices – What You Need to Know”
Central Wyoming College saw significant value in streamlining their PO process which involves calculations, lookups and dynamic routing fixing a particularly error-prone procedure as a result. Instead of a paper-based process that required manual follow-up, delays and hours of wasted time, they now have a digital process that works on all devices, is easy-to-use and saves hours of staff time allowing them to focus on students rather than paperwork.
Watch this video recording and hear from their CIO John Wood as he demos their solution and how the college is benefiting from an automated workflow. A recording of the full webinar including Q&A is also available.
Starting with one of our pre-built templates, you can easily customize it to create your own fully electronic, mobile-capable and business-ready PO in very little time. You won’t need expensive and hard-to-find skills like iOS/Android app development or HTML5/CSS3 expertise to create a beautiful, electronic app that just works on all devices.
At frevvo, we just digitized a completely customized Purchase Order approval workflow for a University customer in 45 man-hours.
Watch this short (7 min) video to quickly see how. We’ll show how to:
- Install a pre-built PO workflow template with a single click.
- Modify it to meet business requirements (we’ll add a Finance step).
- Run it in frevvo’s Cloud.
Purchase Order Approval is one of the most common day-to-day workflows. Many customers choose Live Forms to digitize this workflow and quickly see positive ROI.
Join us on this webinar where we’ll show you how to:
- Install a PO template with a single click.
- Run the template.
- Edit the template and modify it.
- Add users & roles for routing.
- Add the workflow to a portal and use it on multiple devices.
Date: Tuesday, Mar 21, 2017
Time: 1.30 PM EST
Duration: 45 minutes (including Q&A)
Purchase Order Approval is one of the most common day-to-day workflows.Many customers choose Live Forms to digitize this and other routine workflows. Automating purchase order approvals is easy and provides several benefits:
- Pre-filled forms and automatic calculations eliminate errors & omissions.
- Workflows are conditionally routed based on business requirements.
- Purchase Orders are approved and completed on-time.
Watch this short (3 min) video to quickly see how digitizing this routine workflow with frevvo can help save you time & money.
In a previous article we talked about how senior finance executives at companies are optimistic about the U.S. economy (56%) and about their own company’s performance (69%). But, they’re concerned about inefficiencies and willing to invest in technology to improve performance.
The fact is that even routine, day-to-day processes such as vendor invoices, purchase orders, and expense reports take an exorbitant amount of time if done manually. Our infographics and other blog articles discuss how frevvo’s affordable, cloud-based workflow products for financial process automation can improve efficiencies in these areas. We’ve also created a short (2 min) video below to show you the benefits of using frevvo for financial process automation.
Interested in learning more? Visit our website to and see how customers are already using frevvo’s public and private cloud solutions to transform their financial processes.
We’ve created this short (7m) video to help you install, configure and try out this template. We know that it’s one of our most frequently downloaded workflow templates.
Click on the image to view the video and see how you can start automating your own Purchase Order workflow in less than 10 minutes. You can also view the documentation for this template.