How Business Process Apps Can Improve The Purchase Process

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:

1. Help you manage RFQs: Learn how apps can route vendors’ RFQ responses to the appropriate parties within your organization and manage communication. 
2. Speed up the authorization of expenditures: Find out how to eliminate unauthorized spending by setting individual employee authorization limits.
3. 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.
4. 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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