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.
Achieve cost reduction without compromise whilst improving overall productivity, service and quality.
Procure Wizard has been specifically developed to help our customers navigate the system easily through our ongoing process of client led development.
As the saying goes yesterdays news is old news! At Procure Wizard the news is always real time, transparent, accurate and well presented.
Matthew Armitage, Head of Procurement & Supply Chain
We now have visibility on a daily basis available to managers, regional managers, area directors and head office personnel that is both real-time and directly linked to our sales to give the managers the tools to achieve the very highest of standards of labour control within the industry.Read more