Spend Visibility and Reporting
Digital Inventory & Why You Need It
March 3, 2020
March’s Most Popular Bundle
March 19, 2020Automated Procurement Software
Known as eProcurement, it can greatly benefit procurement teams around the world. The value of an eProcurement or Procure-to-Pay platform has tremendous impact on organizations by having one centralized marketplace, online access to suppliers, accurate pricing and data, automated approval workflows, tracking and reporting functionality. The system brings a competitive advantage by giving organizations efficiency, visibility, control, compliance and an increase in profits.
Once your eProcurement system is in place, the data, business intelligence and reporting becomes a crucial part of your operations. The management and corporate teams depend on the spend data extracted from the software to make important decisions. For example, these decisions could help with negotiating supplier contracts, determining if there is waste or under use of food or products, the ability to see the status of an ordered item, what departments are on par or under budget, as well as help predict future forecasts for spending.
When companies are able to use their own data – especially when it’s in a visually, easy to read dashboard format – it helps the entire company make better and smarter decisions. These back-office operational decisions impact the front-of-the-house offerings to provide better guest and customer experiences.
Most Commonly Used Reports in eProcurement:
- PO Listing by Project Codes
- Budget Rollup (Consumed) Report
- Receiving Report by Purchase Order
- Purchase Order Listing
- Purchase Order Report
- Receiving Detail Report
- REQ Summary Report
- Price Change History Report
- Activity Detail Report
- PO Detail Report
- Budget Status Report
- Supplier Activity Summary Report
- Daily Receiving Log
- Monthly Item Department Usage Report
- Tiered Pricing Supplier List
- Monthly Item Usage Report
Why CedarCreek?
CedarCreek’s procure to pay system is uniquely designed to help the club Industry to maximize spend coverage. The platform and technology connect customers with their suppliers to improve efficiency, increase transparency, provide accountability, strengthen financial controls, resulting in significant business process improvements and cost savings.
If you are looking to make running your club a simplier job then call us today at 561.946.2770 or email us at info@cedarcreeksystems.com to see how we can help you automate your Procure-To-Pay system so that your club is the best it can be.
Provided by BirchStreet Systems (A Partner of CedarCreek)
