FMIS Purchase Order Processing

FMIS Purchase Order Processing gives Finance, Procurement and Operational teams the visibility and control to effectively manage expenditure from the creation of orders through to invoice matching and payment. Three-way invoice matching is faster and more accurate with the use of OCR scanning.

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Product Info

FMIS Purchase Order Processing

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Product Info

Why use FMIS Purchase Order Processing?

✓ Automate the purchasing process over the whole purchasing cycle
✓ Improve control and streamline approvals with flexible workflows
✓ Manage supplier relationships and your product catalogue centrally

✓ Allocate all expenditure to specific projects, budgets or departments
✓ Automate two or three-way invoice matching with full goods receipt
✓ Handle complex orders with partial deliveries or multiple vendors

Linked Solutions

Sales Orders

Inventory and Stock

Asset Tracking

Features

Core features

✓ Multi-company
✓ Multi-lingual
✓ Customisable workflows
✓ Electronic authorisation
✓ Complex kitting and assembly
✓ Drop ship
✓ Requisitions
✓ Sourcing
✓ Full product category
✓ Full vendor parts catalogue
✓ Full import for all setup
✓ Manage vendor relationship
✓ User defined fields
✓ Auto orders
✓ Blanket orders
✓ Contracts
✓ Product catalogue

Product catalogue

✓ Catalogue of product, parts, kits, bill of materials
✓ Default pricing at vendor and part level
✓ Pricing update and upkeep
✓ Preferred vendors and parts
✓ Version control

Authorisation matrix

✓ Role based authorisation limits
✓ Integration with HR, finance and project roles
✓ Full workflow management
✓ Electronic authorisation

Purchase orders

✓ Purchase orders
✓ Customisable purchasing forms
✓ Purchase workflow routing along specific department or product types
✓ Access to buying history
✓ Version control
✓ Change orders
✓ Blanket orders
✓ Full history review of goods receipt, change and invoice matching
✓ Attachments
✓ Multiple terms and conditions
✓ Customisable fields
✓ Product notes can be copied forward onto purchase order

Requisition

✓ Customisable requisition forms
✓ Requisition workflow routing
✓ Access to buying history

Sourcing

✓ Auto routing to buying groups
✓ Punch out
✓ Access to a global inventory to maximise available items
✓ Stock/inventory allocation and issue management
✓ Auto creation of purchase orders and work orders
✓ Change orders and version control

Invoice matching

✓ Full invoice registry
✓ Easy invoice matching facilities
✓ Customisable posting into accounts payable
✓ Multiple vendor batches
✓ OCR scanning of invoices

Reporting

✓ All documents easily customisable
✓ Base reports can be cloned and modified
✓ Base reports can be linked to workflows
✓ Dashboards and business intelligence

Integration

FMIS Purchase Order Processing can be deployed as part of a wider FMIS Purchase to Pay system or integrated with most leading finance and ERP packages. Integration allows the synchronisation of project, personnel and accounting information in real time across different platforms cutting out the duplication of data, saving time and improving the accuracy of data captured.

Customer Reviews

“The team have been brilliant. The support that they have provided for us has been a credit to FMIS.”
Marilyn Draper
Finance Projects Manager, ESA Ltd

“In FMIS, Exponent found a system that provided the flexibility we needed to accommodate our approval matrixes while still seamlessly interacting and taking advantage of the capabilities of Vision..”
Sue Lawless
Business Manager, Exponent

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Others

FMIS Purchase Order Processing

FMIS Purchase Order Processing

Why use FMIS Purchase Order Processing?

Linked Solutions

Sales Orders

Inventory and Stock

Asset Tracking

Features

Integration

Customer Reviews

Optimising Fixed Asset Lifecycles: From Acquisition to Disposal

IFRS 16 Post Implementation Review – What we know

St Magnus Hospital Asset Tracking Case Study

Best Practices in Fixed Asset Management

Asset Valuation Methods

SOLUTIONS

Market Sectors

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