Page 27 - Millennium U4F Brochure 2021

5. Consolidation:
Every organisation wishes to negotiate lower prices with suppliers but are not always able
to do so. Suppliers are more likely to provide negotiated prices or volume discounts when a buyer can illustrate a history of purchasing significant volumes. In manual or semi-automated environments, this information is nearly impossible
to assemble and is exceptionally difficult to accomplish when buying is fragmented.
Unit4 Financials provides complete visibility for all buying activity, arming buyers with information to assist with supplier negotiations. Managers can analyse buying activities by item, category, supplier, location, department, time of year and other user-defined criteria.
6. Reports:
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. Sample reports that can be produced include:
• Purchase Invoice Report: Provides an audit trail of the invoice identifying the original purchase order, goods received note and payable document.
• Invoice Price Variance Report: Identifies the differences between the Invoice and PO price.
• Accrual Reconciliation Report: Reconciles GRNI to accrual account in Financials
• Supplier Purchase Summary Report: Identifies number and value of PO’s placed with suppliers and the associated items and account codes.
• Supplier Pareto Analysis: Suppliers responsible for 80% of spend.
• PO Commitments by Period: Monetary value of PO’s raised not received by period/month.
• Overdue Supplier Shipment Report: Overdue PO’s by delivery date, supplier and responsible buyer.
• Item Purchase Report: List items in descending order of value purchased annually with associated accounts, depts. and buyers.
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