Purchasing

Finance Pro+ Purchasing enhances profitability by integrating the entire procurement process and providing all the tools needed to reduce supply costs.

M&T Performance Group > Solutions > ERP Software (Finance Pro+) > Purchasing

Automate and Optimize Your Purchasing with Finance Pro

Transform the Management of your purchases with Finance Pro+ module Purchasing, designed to maximize efficiency and minimize costs, this module streamlines every aspect of your purchasing, helping you achieve significant savings and improved operational control. Discover how Finance Pro+ Procurement can transform your approach to procurement.

Automate Your Purchasing Processes

Simplify Procurement: Automate the end-to-end purchasing process, reducing administrative time and eliminating human errors.
Centralize Your Data: Gain complete visibility over the entire purchasing cycle, from initial quotes to goods receipt, ensuring efficient management and accurate tracking.

Reduce Your Costs

Optimize Purchase Costs: Leverage the module to negotiate better terms with suppliers, thanks to clear visibility into your needs, allowing you to lower procurement costs.
Avoid Surplus and Shortages: Synchronize your purchasing with real-time stock levels to prevent costly overstocking or stockouts.

Enhance Your Inventory Management

Ensure Efficient Inventory Management: Integrate your purchasing with inventory management to ensure materials are available when needed, optimizing production processes.
Plan Proactively: Anticipate your raw material needs based on production forecasts, ensuring uninterrupted manufacturing.
Generate Intelligent Purchase Suggestions: The Finance Pro+ Purchasing module leverages powerful algorithms and recent advancements to optimize purchasing decisions. Predictive analytics forecast demand fluctuations and adjust recommendations in real-time. The module simultaneously optimizes multiple objectives, such as minimizing costs while ensuring stock availability. Real-time data integration, including market trends and delivery times, helps prevent stockouts and surplus that ties up capital.

Integrate Production Needs and Customer Orders

Synchronize Purchasing and Production: Connect purchases directly to production needs by integrating production schedules with inventory levels. Ensure that necessary materials are available at the right time to avoid production delays.
Respond to Customer Orders: Link customer orders to your purchasing process to ensure timely delivery of finished products. Customer requirements are directly tied to procurement orders, guaranteeing a quick and efficient response.
Accelerate Requisition Processing: Prioritize urgent requisitions while validating them through an automated approval process with escalation based on authority levels.

Automate Transactions with Finance Pro+ EDI Module

Simplify Supplier Interactions: Integrate the Finance Pro+ Purchasing module with the EDI (Electronic Data Interchange) system to automate purchase and receipt transactions with suppliers that support EDI. This reduces processing times and errors while enhancing the accuracy of exchanges.
Speed Up Receipts: Automatically receive and process supplier receipts through EDI, instantly synchronizing inventory and orders within the Finance Pro+ ERP system.

Reconcile P/Os, Receipts, and Supplier Invoices

Ensure Automatic Reconciliation: Connect your purchase orders (P/Os), goods receipts, and supplier invoices into a seamless, automated workflow. This enables instant verification that quantities received and invoiced match the quantities ordered.
Minimize Discrepancies: Quickly detect and resolve any discrepancies between orders, receipts, and invoices. This reconciliation process helps avoid payment errors and ensures smooth transactions with your suppliers.
Automate Approvals: Integrate approval workflows to automatically validate invoices that match purchase orders and receipts, reducing manual tasks and streamlining the approval process.

Manage Purchase Documentation

Attach All Required Documentation: Link drawings, technical documents, delivery notes, supplier invoices, Mill Test reports, and other relevant documents directly to your purchase orders (P/Os).
Centralize and Access Easily: Store and access all purchase-related documents in one place, making it easier to share necessary information with suppliers and ensuring compliance with documentation requirements.

Strengthen Supplier Relationships

Collaborate More Closely: Centralize information on suppliers, contracts, and purchasing terms for a transparent and streamlined management process.
Monitor Supplier Performance: Continuously evaluate your suppliers to ensure they meet your quality and timeliness standards.

Analyze and Make Informed Decisions

Generate Instant Reports: Access detailed analyses of your purchasing activities to identify trends, spot savings opportunities, and make strategic decisions based on reliable data.
Control Your Expenses: Monitor your spending in real-time, ensuring full compliance with internal policies and external regulations.

Harmonize Interdepartmental Collaboration

Unify Your Processes: Integrate the Finance Pro+ Purchasing module with other departments (finance, production, etc.) for seamless collaboration and improved decision-making across the organization.
Enhance Overall Productivity: Eliminate information silos and boost organizational efficiency through integrated processes.

Ready to transform your purchasing management, integrate production and customer order needs, automate transactions with EDI, and automatically reconcile P/Os, receipts, and supplier invoices? Discover how Finance Pro can optimize your procurement processes, generate intelligent purchasing suggestions, and enhance your manufacturing business performance. Contact us today for a free demo!