[b][AUSTIN, 12/27/2017][/b] - A study conducted by not-for-profit organization Institute of Financial Operations revealed that upgrading to electronic and cloud systems helps companies better manage their costs. SourceDay offers a PO management software that helps buyers and suppliers manage their direct spending.

[b]Upgrading PO Management Benefits Businesses[/b]

The IFO study revealed that upgrading helps businesses control their direct expenses through PO and invoice approvals, and control and tracking features, among others.

Businesses that harness electronic systems saw a decline in payment and invoice errors, according to the study. Moreover, more than two-thirds of the respondents reported a decline in fraud.

Most importantly, switching to electronic or cloud-based systems enhances one of the cornerstones of business success: accountability. A cloud-based system makes it easy to disseminate relevant information to the departments concerned and even sends notifications in case of data duplication and other discrepancies. This enables team members to address any concerns real-time, to avoid costly mistakes.

[b]Improving Processes for Businesses[/b]

Businesses looking to improve their processes will benefit from SourceDay, a purchase order management software that specifically solves common challenges faced by those in the distribution and management industries in terms of managing their direct spend. This innovative solution helps increased visibility in into the purchase order lifecycle while reducing costs, delays, and risks.

As it also expands the capabilities of conventional ERP systems, fulfilling PO request becomes easier, faster, and more accurate. Makers of the system tout it as an all-in-one system that automates and enhances buyer-supplier relationships.

[b]About SourceDay[/b]

SourceDay is a Software as a Service (SaaS) solution that seamlessly integrates with Enterprise Resource Planning (ERP) systems to automate purchase order management processes. SourceDay helps improve business processes by extending ERP purchasing capabilities through the elimination of manual processes and centralization of the PO lifecycle for both buyers and suppliers all while improving supplier performance.

Find the full details here [b]https://sourceday.com[/b].