Purchasing Software Buyer’s Guide

Purchasing Automation Options—Where to Turn

If you’re evaluating options to automate your purchasing processes, you’re not alone. In this free buyer’s guide, PayStream Advisors reports that purchasing automation is emerging as one of the key components of a sound financial supply chain strategy. Your challenge is to sort through the myriad purchasing automation and purchase order software offerings from numerous vendors who advertise on-demand services for eprocurement management, and identify the best solution for your company’s purchasing requirements.

Purchasing Challenges

Automation is the key to controlling and reducing company purchases and other operating expenses. For many small and midsized companies, purchasing is managed through an over reliance of people and piles of paper purchase orders, requisitions and invoices.

These manual, paper-based processes provide little or no ability for spend policy enforcement. Manual expense control processes can result in other operational expense problems as well.

• No spend visibility, especially for rogue spending
• Difficulty consolidating expenses to negotiate better pricing with vendors
• Over spending
• Too much time getting approvals and reimbursements
• People-intensive expense analysis and financial reports on expense management

Purchasing Control Automation—Download Free Buyer’s Guide

The impetus that leads companies to automate purchasing and other operating expense controls varies greatly from organization to organization. Please fill out the form to your right to obtain your free copy of this Electronic Procurement Management Buyer’s Guide which provides valuable insights into how to assess which online purchasing solution might be right for your company.

This White Paper includes:

• The rationale for purchasing automation
• Key drivers for eProcurement—Why automate?
• Definitions of the eProcurement process
• The benefits of procurement automation
• Best practices in electronic procurement management

About PayStream Advisors

PayStream Advisors is a research and consulting firm focused on financial automation solutions, bridging the information gap between companies seeking automation technology and those offering software and solutions. PayStream Advisors delivers unbiased, third-party market trend information, assessments of financial automation technology and innovative ideas to business leaders.

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