After obtaining approval, we can send a purchase request, update the status, and confirm the date of arrival of the materials on the site. It is easy to send requests to get quotes and also send them to the responsible members to choose the appropriate ones. Much appreciated Precoro's records include all submission and approval dates as well as notes taken by all parties. It's great how Precoro tools enable us to track purchases in full detail, from the approval stage of materials to the delivery of materials to the site. Using Precoro helped us to organize and manage the process of approving materials, preparing requisitions, and tracking approvals through all stages, and the automation available in Precoro helped us to complete all these jobs as well as obtain comprehensive records and reports with minimal effort. More robust reporting, particularly around budgets would be welcome. For invoice syncing, it would be helpful if documents copies would also sync back to Netsuite. This limitation prevents us from fully leveraging Precoro for our inventory related purchasing. I understand there is a one document sync limit to Netsuite and we elected to to have invoices as our syncing document. I really wish we were able to sync POs, invoice and receipts to NS. In either case, we get the same level of attention. Some are user errors, some are system issues. Customer Service - and team have been amazing in helping us work through issues. Flexibility in configuring approval workflows 3.
Precoro has provided us with an uplift in that respect. We also didn't have a great way to measure budget vs actual spend on our construction projects.
It's never too late to start.We did not have a procurement process or ability to approve invoices in a systematic way. If you're still not using a cloud-based platform for budgeting and spending management, don't worry. And here is when Precoro comes in handy with its budget module. We're sure that only true finance ninjas can handle all this stuff.īut even masters need some help from the outside. It implies strategic planning, collaboration with stakeholders, corporate expenses monitoring, reimbursements, costs optimization, and lots more. Cost reduction, expense tracking, and better budget control are the main issues arising in many companies. How many times per month do you hear the word "budget"? We bet plenty (actually, we think it would be challenging even to count this number 🙂).Įspecially now, when the global economy is at the risk of a recession, considerate budgeting is as relevant as ever.
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