For any organisation that handles a large volume of supplier-related transactions, it is challenging to ensure timely material & service delivery while maintaining healthy business relationships. Email or paper-driven ordering and approval is not only time consuming, but also prone to errors.
QX’s Purchase Order Management service allows businesses to digitise and automate the ordering process, handle orders from multiple locations, improve order tracking and provide better visibility on business spends through insightful reporting.
Optimise the PO process, identify and implement PO automation applications, while complying with your internal guidelines.
Mitigate procurement related financial risks by building hierarchical level approval flows and specific monetary parameters.
Updated records in the systems and customised reports ensure that you have full visibility into the status of all orders.
Accurate and timely payments also ensure that your suppliers are satisfied.
Work with a dedicated team of offshore PO management experts to reduce cost of operations by up to 50%.
We work with all major accounting, P2P and PO Management software and can work with your existing platform as well. Some of the software we use on a regular basis include:
An award-winning company that is both SOC 2 and GDPR Compliant
ACCA- approved Gold Employer
ISO 27001 compliance for security & ISO 9001 compliant for quality management
A steady stream of qualified accountants through the QX Academy
Stay on top of all accounting jobs with QX Tracker App
Flexible engagement models catering to all requirements, whether big, minor, temporary, or permanent
Here are some of the most frequently asked questions around PO Management outsourcing. If you have a question that isn’t answered here, please feel free to contact our sales team – they’ll be happy to help!
There are many early signs that you, as a business should be on the lookout for, before deciding to outsource your PO management activities to a sourcing agency. Some of these factors are:
Working with an experienced PO Management sourcing partner can streamline PO processing, improve visibility on purchase orders and reduce the overall P2P cycle time. Such partners also allow companies to identify and implement the right technology, which in turn simplifies and automates various tasks related to purchase order management. Finally, outsourcing PO management also enables your business to track orders more efficiently, maintain healthy business relationships, get access to insightful reports and bring down operational costs significantly.
Our clients prefer outsourcing their key P2P functions like PO Management to QX due to the following benefits:
No! A reliable and experienced sourcing agency serves as a partner to aid in your business functions ensuring that the control always stays with you. They will carry out the outsourced functions according to the structure and rules you’ve laid out at the beginning of your business relationship. They will not have the final say in your business decisions or strategies.