Digital Transformation Coming Soon for Purchasing Process

Posted on: September 30, 2021

Cloud-based financial management software solutions provide a strong digital foundation for a competitive edge. Transformation is coming for a Sage Intacct purchasing application that will make transactions faster and more robust.  

Did you know that Sage Intacct continually tests new process programs to give their partners ‘better than best-in-class’ processes? This is one of the many advantages of being a member of the KND Systems team. We are the experts in Accounting and ERP software solutions who know the difference between good and the best. Sage Intacct is working on something so beneficial to our clients’ businesses that— we want to give you a sneak peek at upcoming advancements for your purchasing process.

Soon to Sage Intacct users Three-way Match Process.

A behind-the-scenes glimpse of the three-way match process validates the details of a purchase before making a payment. This isn’t the same antiquated process of manually exporting data into Excel (or not at all). The exciting digital advancement reduces reactive times with adjustments on supplier price lists and inventory standards. Suddenly, your timeline becomes less difficult.

This is what we know.

Sage Intacct is best known for its powerful cloud accounting and financial management capabilities. In the commitment to putting finance leaders in a position of growth, the three-way match automatically matches three transactions—invoice, purchase order, and receipt.

With this exclusive purchasing application, the quantities and unit prices that appear on the invoice, purchase order, and a receipt will flag discrepancies in an automated comparing process. Without discrepancy, the invoice will enter as a bill for payment. If the details do not fall within an allowable threshold, the invoice will flag the purchasing manager for reconciliation or exception transactions. The new automation will significantly reduce errors.

As companies modernize with digital transformation, the accounting software consultant will help you stay competitive in this new age. As seen with an insider look at three-way match process application, companies providing cloud-based financial management software solutions have a true edge. We help build a strong digital foundation for increased efficiencies, productivity, and the ability for better insight.    

Through premium software solutions, we already offer great purchase approval workflows that increase purchasing speed and accuracy. The excitement for a three-way match meets the hype to bring your entire procure-to-pay cycle to the next level of efficiency. KND Systems’ highly knowledgeable consultants stay informed of all the newest and best developments. We make it our business to bring you new applications to meet business goals.

To learn more about KND Systems and premium software solution transformation, call our experts today.

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