Purchasing

Purchasing

Foundry Bean purchasing apps enables organization to maintain vendor records , analyze supplier performance , create purchase order to document agreed upon price , quantity and delivery schedule. Purchase order matching (2 way, 3 way) controls over-payments, errors and fraud. Employee requisition process reduces burden to the buyers and automatically create purchase order.

Full visibility of vendors

Vendor detail information including addresses , banking information,purchase orders, terms and contracts are captured . All open invoices , purchase orders and payments are automatically captured so that you have a 360 degree view of the entire life cycle of vendor engagement.

Purchase Order

Purchase orders clearly communicate all the details of a purchase. By having every detail clarified, laid out and documented, you avoid potential conflict or confusion in the future. Purchase orders serve as legal documentation of what was ordered ,agreed upon price and delivery schedule.

Keep track of incoming orders

Foundry Bean well-organized purchase order system makes it easy to identify what products are coming in at any time, making inventory and shipping management simpler. Receiving and Inventory transactions are automatically created when the item is received and delivered to inventory. Item cost is automatically derived and accounting is automatically created. No manual update is necessary.

Avoid duplicate orders and surprise price increases

Foundry Bean help you avoid duplicate orders by tracking what was ordered, receiving and pending. purchase orders can keep track of what is ordered, by whom and when.

Purchasing control and Requisition

Employees can create purchase requisition to request the procurement of goods and submit to the appropriate managers for review. Once approved , requisition can automatically converted into purchase order. 2 way , 3 way or 4 way matching process avoid overpayments and errors.

Reporting and Analytics

Purchasing insight and delivery dashboard give valuable insight of open purchase orders, open deliveries, delayed deliveries and supplier performance with drill down capability to find the source and details of the transaction.