Automated PO Dispatch & Update Solutions

Automated PO dispatch & update solutions deliver value, savings, and efficiency. They rapidly deploy in a centralized or remote processing environment, supporting healthy supply chains. Cloud-hosted and portal-based, ICG’s PO dispatch & update solution automates the delivery of purchase orders to your vendors. It also facilitates communication so that your vendors receive, acknowledge, and respond promptly to purchase orders. This ensures products and services arrive on time and within the parameters stated on the purchase order.

The solution employs timers so that POs move through the approval process promptly. If a PO remains inactive, escalating notifications go to internal and vendor contacts until a certain action occurs. In many companies, time is of the essence for vendors to fulfill a purchase order by shipping or delivering the procured product or service promptly. Failure to do so can cause downtime, additional costs, delays, and other downstream consequences for your business and your customers.

Benefits

Knowing that your vendors have received, acknowledged, and accepted/rejected your purchase order is an important first step. If the vendor has any questions or disputes with the terms of your PO, you and your vendor can resolve those disputes in a collaborative, real-time scenario so you can avoid costly delays or allow you to use alternative sources.

In many industries, especially for specific products, services, or commodities, it is critical for a smooth running supply chain operation that the supplier acknowledges receipt of the PO and acceptance to fulfill it. It is also critical in many scenarios to require the vendor to provide real-time updates. Vendors must communicate any departure from requested products, quantities, ship dates, ship times, methods, etc., as soon as possible and provide updated information.

Get Started

ICG’s automated PO Dispatch & Update solution is a highly configurable application that enables you to be proactive in requiring selected vendors for specific purchase orders to provide updates for critical shipments and communicate the status quo or any deviations promptly. For any changes to the original order, specifics of the deviation, corrective action, and updated information are required. By taking this proactive approach you can better manage your critical supply chains and avoid costly delays and last-minute surprises. ICG’s solution even provides the buying organization the capability to request updates on specific line items within the PO. Your organization can also automate this proactive approach to obtaining updates from your supplier, leading to resource savings.

There is no reason for your procurement department or field operations to be caught off guard by a late delivery, product shortage, or other conditions that negatively impact time-sensitive operations. Keep your supply chains running smoothly and predictably by eliminating any uncertainty of your suppliers fulfilling purchase orders under the time frames and terms negotiated without advanced notice of any changes.

This dynamic, cloud-hosted solution deploys as a module on a vendor portal or a stand-alone application. Real-time communication and transaction updates between you and your vendor 24/7. Through integration with your ERP and other supply chain systems, vendors can provide up-to-date information that you can react to.

Contact ICG today for more information on automated PO dispatch & update solutions or to schedule a demo for you and your team.

Posts you might like:

Using a Vendor Portal to Consolidate Systems

Is your AP team constantly fielding calls and emails from vendors asking about invoice status? Are you juggling multiple backend systems, trying to provide a clear picture of payment progress? If so, you're not alone. Many companies, especially those with several...

Out-of-the-Box Software vs. ICG Approach

Choosing the right back office technology is a critical decision for any organization. It can be the difference between streamlined, efficient operations and a mess of manual workarounds, half-working systems, and imperfect solutions. Financial back office technology...

What To Do About Vendor Fraud

Balancing fraud prevention with a user-friendly vendor experience is a critical challenge for businesses today. Striking the right balance between the two is essential, as you need to protect your company's finances without creating a vendor management process so...

Internal IT Build vs. ICG Innovations

When it comes to developing and implementing new technology and systems for your financial back office, a common question arises: Should we rely on our internal IT team, or explore external alternatives? There are compelling arguments for both approaches, and...

Dynamic Discounting and Budgeting Season

Budgeting season is a critical time for all businesses, but particularly within the financial back office. It's a period of intense scrutiny, forecasting, and strategic planning. The pressure is on when it comes to saving money, and creating more value from the...

Choosing the Right Technology: AI

With technology becoming more and more advanced, keeping up with the trends is no longer enough for companies to thrive. Instead, businesses must stay on the leading edge, and that means embracing AI in the financial back office. If you haven't already started...

Configuration vs. Customization

When your financial institution is looking to implement new back-office systems, whether it's for accounts payable, general ledger, or expense management, you'll inevitably encounter a fundamental decision: Should we configure an existing solution, or opt for deep...

Invoice Ingestion Options

Efficient invoicing is crucial to maintaining strong cash flow and accurate records in your organization's financial back offie. But with so many ways to receive and process invoices, how do you choose the right approach for your company? This blog post will explore...

A Guide to Solving Complex Back Office Problems

The back office handles the vital internal operations that keep businesses running smoothly. From finance and HR to compliance and data management, these processes are crucial for maintaining your organization. However, they can also be a breeding ground for complex...

A Guide to Risk Analysis for New Financial Back Office Technology

Financial services are constantly evolving, with new technologies promising to revolutionize everything from transaction processing to regulatory compliance. For the back office, these innovations offer immense potential for increased efficiency, accuracy, and cost...