As the business changes, so should the approval process in order to manage the budget as effectively as possible. Our flexy purchase order approval management workflow can divert approval based on % of spend left as well as fixed values and achievement of gross margin targets. This ensures that managers who are empowered to work within budget parameters can do so, whilst ensuring that variances are automatically referred for secondary approval.
Procure Wizard’s unique Cost Commitment module tracks and controls in real-time the actual committed expenditure against budgeted targets by nominal code and department. This unique feature is fully integrated with our Purchase to Pay, stock management, fixed cost and pre-payments schedule and is an ideal management tool, both at local level and also across the entire group.
Our Cost Commitment module goes beyond comparing the actual / committed expenditure against a fixed weight budget. We understand that businesses are dynamic and have to respond to the business trends to reflect their available expenditure. We mirror common business processes of forecast flexing in line with a % of total sales, a fixed sum per item sold or simply a fixed value. Our solution is designed to ensure that we provide real-time management data in an easy-to-use format that replaces the traditional excel spreadsheet with a dynamic management tool that adds real value to the business.
Period end can be a stressful time, gathering data, stock management, accruals, invoice disputes, not to mention pre-payments and fixed costs. These can all become laborious and difficult to report on efficiently. Cost Commitment aims to provide clear management data that will enable the period-end process to be executed quickly and efficiently.
Typically we would expect you to fully recoup the costs within a matter of a few weeks.
We don't leave anything to chance; we pride ourselves on supporting customers to ensure that our system is the most user friendly in the UK.
Brand standards are important to any business whether it be allergen compliance, nominated suppliers or simple purchase order approval. We provide peace of mind that your brand and your standards are always protected.
Malcolm Atherton, Hospitality Group Manager
We were taken aback at just how painless, seamless and simple the whole process was.Read more