The Purchasing application automates the acquisition of goods and services by streamlining processes like creating purchase orders and vendor invoices.
Why it matters
Accountants and controllers can benefit from Purchasing's automation capabilities, which improve accuracy and speed data entry by converting documents and tailoring workflows to business needs. System administrators configure the application and assign user permissions.
When you use it
Purchasing automates transactions including requests for quote, purchase requisitions, purchase orders, vendor invoices, debit memos, and returns.
Documents can be converted from one type to another (e.g., quote to purchase order) to maintain accuracy and speed data entry.
Workflows can be tailored to match a business's specific model; standard transaction definitions are included.
Transaction definitions act as templates, containing accounting settings, workflow rules, and configuration settings for transactions.