Agilico has launched a smarter, more integrated approach to procurement and cash flow management. Agilico’s new cloud-based purchase order processing solution enhances supplier management and ensures employees – regardless of their financial expertise – can effortlessly create, approve and manage purchase orders.
The intuitive interface of the solution, Agilico POP, facilitates easy requisition placement and routing requests to appropriate approvers, effectively eliminating unauthorised invoices and rogue spends, helping businesses stay in control of purchases and keeping budgets on track.
“Our new purchase order processing solution, Agilico POP, empowers businesses to streamline their procurement processes, maintain financial control, and reduce administrative burdens,” said Elliot Thurley, managing director of Agilico’s Agile Docs and Tech division. He continued,
“The solution enables businesses to have comprehensive oversight of all purchases and real-time budget monitoring – promoting efficient spending practices.
POP complements Agilico’s automated invoice processing software, Agilico Verify, enabling businesses to automate the three-way matching process, comparing invoice data with the purchase orders and receipts created, ensuring accuracy and reducing the risk of errors or discrepancies. Additionally, Verify integrates with popular accounting and ERP systems, allowing for approved invoice data to be automatically posted into the finance system for payment, while POP pulls in supplier data from the finance system to maintain consistency. This reduces manual work and saves time – improving overall efficiency and productivity.
