Unit4 Financials Purchase Order Processing (POP) & Purchase Invoice Matching (PIM) will enable you to understand, control and manage costs.

There are 6 benefits of using an effective Purchase Ordering System which will improve invoice matching, budgetary control and cash flow forecasting.

Costs approved before being incurred

The primary benefit of purchase ordering is expenses/purchases approval before they are incurred.

Internal control enhancement

Two critical points of control: Receiving items or a service against what was ordered & pricing.

Management of committed costs

When a purchase order is executed by the buyer and seller it commits both parties to the terms of the document.

Improve project profitability

A common mistake when managing project profitability is only considering incurred costs (actual invoices received) and this provides only a partial picture.

Consolidate your costs

Every organisation wishes to negotiate lower prices with suppliers but are not always able to do so.

Reporting

Unit4 Financials has a unique single database covering the financial, invoice matching and purchasing modules. This enables the production of complex reports crossing all three modules.

Interested in a live demonstration?

Watch our latest demonstration by Phil Leaf – Millennium’s Principal Consultant, which covers the full process from raising a purchase order to invoice matching and posting to Financials for payment.

This video also covers additional features including automated accruals, commitment accounting, self-billing and deferred matching.

Contact us for further details


Want to find out more about how to streamline your accounting processes?

For further information or to book an online demonstration, please complete the form and a member or our team will get back to you shortly. Alternatively call us on +44 (0) 845 604 4262