Online Purchase Order System

Maximize savings and speed
with paperless POs

Streamline and automate supplier POs in
real time with Cor360 Purchase Order

Best-in-class AP departments realize cost savings of up to 82% per invoice and cut processing time by more than 70%. By removing paper and manual handling from your purchase order processes, you too can realize immediate significant savings in both time and money. But going paperless is a two-way street: even if you issue electronic POs in your ERP, your suppliers must have a way to receive them. Cor360 Purchase Order makes it easy for you to send POs and for suppliers to not only acknowledge them, but instantly turn them into accurate electronic invoices.

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Reduce
Payment
Delays

Elimination of paper and manual processes reduces processing time and leads to quicker payment.

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Strengthen
Supplier Relationships

Faster processing reduces payment delays and leads to stronger supplier relationships and less complaints.

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Save Time, Reduce Errors, and Reduce Costs

Elimination of manual and paper processes reduces costs, reduces errors, and improves efficiency.

Complete Collaboration

Your suppliers are provided with an online supplier portal giving them centralized access to view purchase order status and send order acknowledgements. They can convert POs into accurate invoices at any time.

Total Flexibility

Create PO requisitions and automatically
route them for approval.

Pinpoint Accuracy

With configuration to meet your price, quantity, and freight thresholds, you can trust that invoices are accurate and meet your compliance policies.

Maximum Efficiency

With less back and forth, less waiting for acknowledgements, fewer missed emails, and fewer inaccurate invoices, Cor360 Purchase Order significantly reduces the stress and strain on your buyers, sellers, and supply chain overall.

Simplify your electronic document distribution

ERP Integration

The Cor360 Purchase Order automation solution integrates directly into your ERP, and uses your existing PO requisition and approval process to transmit electronic purchase orders to 100% of your suppliers. Suppliers can view POs and convert them into accurate electronic invoices. Suppliers can also view acknowledgment orders and send advance shipment notices (ASNs) instantly.

Start Maximizing Your
PO Savings and Speed

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Did you know?

152%

Best-in-class organizations
are 152% more likely to
use a supplier portal.

49%

49% of respondents that note
eradicating tactical tasks is needed to achieve higher performance.

76%

More than 3/4 agree “smarter”
systems that drive more efficiencies are necessary to achieve higher performance.

Source: 2020 Ardent Partners AP Metrics that Matter

Using Cor360 Purchase Order is easy, efficient,
and automatic – for you and your suppliers:

Corcentric Purchase Order Process Flowchart

Six steps to simplifying your PO process
with Cor360 PO Supplier Portal:

Step 1

The Buyer generates a PO in the company’s ERP which instantaneously goes through Cor360 Purchase Oder and is then immediately sent to the Supplier through the Cor360 Purchase Order Supplier Portal.

Step 2

The Supplier acknowledges receipt of the PO and its content.

Step 3

As soon as the order is fulfilled, the Supplier clicks on “Create Invoice” which flips the PO into an e-invoice. The Cor360 Purchase Order Supplier Portal will also validate the content of those invoices to match the client’s specific business rules.

Step 4

Corcentric then matches the e-invoice to the original PO and Receipt of Goods.

Step 5

If during the match, an error is discovered, or the e-invoice and PO do not match the Receipt of Goods, a message is sent as notification of the discrepancy.

Step 6

Once the match is complete, the invoice goes straight-through into the Buyer’s ERP for payment.

Maximize AP process efficiency with paperless POs

Need a business case strategy to break down stakeholder barriers? Talk to us.

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Get a Product Tour

Find out everything Corcentric can do for you by setting up
a no-commitment call with one of our team members.