SmartBiz IT Research Library

The ExpenseWatch Purchasing Module allows organizations to leverage the expense control benefits of traditional purchasing procedures without incurring the associated financial overhead or administrative burden. Organizations simply set up their procurement procedures in ExpenseWatch and the entire purchasing process is handled online. By developing online purchase requests and automating the signature authority form based approval process, ExpenseWatch' s Purchasing Module delivers efficiency and control.

ExpenseWatch is designed to give senior managers the tools and visibility they need to control expenses organization-wide.

• Enforced signature authority form ensures purchase requests are correctly routed along the approval chain
• Real-time budget versus actual reports allow purchasers to see the impact of their purchases before money is spent
• Budgets for each business unit provides the necessary information to managers to track expenses and spending
• Auto-generate POs for each vendor on an approved purchase request