With a global roll-out of the Netfira Platform, Syntegon aims to automate and standardise purchasing processes at all locations. The Netfira Platform is used as the only automation solution for all existing ERP systems.
What is a purchase order confirmation?
Whenever a buyer places an order, a purchase order is issued. The supplier in turn generates a purchase order confirmation to confirm the purchase order.
What is a purchase order?
A purchase order (PO) is an administrative document that specifies the quantity, quality, unit and total price of goods or services that suppliers must provide. The purchase order also states the general terms and conditions such as delivery terms, price, payment terms, payment means, legal conditions etc.
What is a purchase order confirmation?
A purchase order confirmation (POC) is the conclusion of the negotiation between a buyer and a supplier about the sales price and delivery date and hour of a purchase order a buyer sent. The confirmation outlines the acceptance (total or partial) of the conditions set by the buyer in the purchase order. If the purchase order confirmation confirms the purchase order totally, then the parties are legally bound to the transaction as per the terms set therein.
Why is a purchase order confirmation important?
Purchase order confirmations serve a legal as well as an operational function ensuring smooth procurement activities.
With each transaction in purchasing, several documents need to be processed. But what exactly is document processing? And how does manual document processing differ from automated document processing?
This article explains why a successful digital transformation of purchasing relies on automation tools, such as the automated processing of documents and data.
There are seven tips to follow for a successful digitisation project in purchasing.
Automating purchasing processes with digital automation tools leads to increased process efficiency. Here are five reasons why purchasing should focus on process optimisation through automation.
The Netfira Platform enables process automation in mechanical engineering through automated document processing and electronic supplier connection.