The purchasing department in any business is like the central cog in a complex clock movement.
When contracts, purchase orders and vendor-related documentation flow steadily through the organization business ticks along nicely.
Many purchasing departments still rely on traditional paper-based processes and suffer from the usual challenges of documents being held up or lost. Rules-based business process apps can help to automate workflows and forms, offering relief in the day-to-day running of many procurement teams.
Download this report from K2 and learn how business process apps can benefit your ways of working
Chapter 3 looks at what apps can do in four specific areas:
- Help you manage RFQs: Learn how apps can route vendors’ RFQ responses to the appropriate parties within your organization and manage communication.
- Speed up the authorization of expenditures: Find out how to eliminate unauthorized spending by setting individual employee authorization limits.
- Simplify contract sign-offs: Discover how to automatically route documents to the relevant person for approval and integrate a digital signature system to streamline sign-offs.
- Manage vendor performance and SLAs: Learn how apps can give you real-time data on approved vendors and receive automatic notifications if SLA exceptions or violations occur.
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