Optimise the management of your commitments and purchases
Procurement, excluding production, represents on average more than 20% of the turnover of companies or the budget of local authorities. This is why the optimisation of the procurement process has now become a real strategic challenge.
By choosing Talentia’s Financial Purchasing software, you optimise your expenditure management processes and reduce your costs. Track expenses from their inception (purchase orders or request) to their completion (payment), reduce the processing time of administrative procedures, entries and follow-up of orders. Finally, compare the budget with the committed, the actual and the differences.
Automate expenditure management processes
With Talentia Financial Purchasing, the entire procurement cycle is automated and optimised. From the purchase order to the recognition of the expense, including validation and confirmation (unit or mass), invoice generation, invoice reconciliation and budget tracking.
Reduce your costs
By reducing the tedious and repetitive time spent on administrative follow-up and entering your POs and expenses, you reduce processing time and associated costs. This way you can focus on higher value-added tasks such as financial analysis and projections.
Control your budgets in real-time
Talentia Financial Purchasing integrates a budget overrun control that can be activated as soon as purchase orders are entered. Talentia Financial Purchasing allows you to automate tracking between the budget, the committed, the actual, and the variances. For example, it is possible to automatically reject a request if the allocated budget is already spent.
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Financial Purchasing full feature list
The entry of commitments (purchase orders or commitments)
Configurable confirmation and/or validation workflow
Bulk confirmation and validation actions
Management of the receipt of commitments
Generate invoices not received
Reconciliation of invoices
Integration and expense management
Budgetary control by analytical allocation (budget, committed, actual)
Traceability of commitments
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