Financial Purchasing

Optimise the management of your commitments and purchases to reduce your costs and better control your spending with a solution that automates the entire supplier chain and takes into account the monitoring of the budget, invoices, orders and deliveries.

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.

Services

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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