Collecting receipts and expense forms stunts productivity, and reimbursements can cause tensions between staff and management. Navigating business expenses can be tough, especially if you’re using a paper-based system. In this article, we look at six popular procurement tools that will illuminate your spending, helping you to manage cash flow and spending more effectively. Learn what steps you can take for better procurement. If the answer is no, you could be losing money to inefficient procurement processes or incorrect or exaggerated expense claims.
But can you honestly account for every penny of expenditure? Services are offered on a monthly subscription basis that includes support via phone, email and online livechat.Understanding where the money is being spent in your business is essential for optimal financial performance. eBuyerAssist also offers a reporting engine that allows users to generate custom reports, spot trends and make business decisions. With eBuyerAssist’s procurement dashboard, users can monitor their organization’s entire purchasing operation, track receipts and verify purchases to ensure visibility. With vendor risk management, users can audit their vendors and suppliers to ensure regulatory compliance. It also includes modules for approvals, purchase orders, budget control, cost accounting, asset management, inventory management, customer order, invoice matching, vendor portals and vendor risk management. EBuyerAssist by Eyvo is a cloud-based procurement solution that caters to businesses across various industry verticals, which helps them to manage their purchasing routines, from requisition to fulfillment.ĮBuyerAssist features an integrated, modular procurement tool with applications for supplier management, strategic sourcing, warehouse management and contract management.
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