Accrualify deploys their complete add-on module to help companies manage purchase orders and streamline the PO approval process.
SAN MATEO, CA August 4, 2016 – Accrualify, Inc. announced its PO Manager add-on module, which allows users to create and manage purchase order requests, automate PO approval processes, and create new vendor requests to corporate finance departments. Integrated with the Accrualify end-to-end Spend Management Platform, it provides full visibility and control over a company’s expenditures.
Accrualify deployed its PO Manager for BitTorrent, Inc., a current customer utilizing the base Spend Management Platform, at the beginning of August. The PO Manager add-on integrates seamlessly with Accrualify’s other procure-to-pay products to provide a comprehensive solution for processing expenses—from purchase order creation through cash disbursement.
“As CFO of a technology company, one of the biggest pain points at BitTorrent centered around the purchase-to-pay cycle and accruals estimation process,” said Dipak Joshi, CFO of BitTorrent. “Accrualify has been a phenomenal addition to our system’s landscape and has helped us improve productivity, efficiency, and cost containment. Through Accrualify’s automated PO, invoice, and receipts processing, we have been able to process transactions with higher accuracy, speed, and lower cost. The highlight of the tool is its ability to generate an accrual rollforward with a detailed audit trail to the source.”
Accrualify has been a phenomenal addition to our system’s landscape and has helped us improve productivity, efficiency, and cost containment.
PO Manager is one of a series of modules to be released this year as add-on options for customers of the Accrualify Spend Management Platform. Vendor Pro will also be released in the second half of of 2016. The Vendor Pro module will allow vendors to manage their customers, plus automatically push out accrual estimates and invoices for services rendered.
“We are aiming to make Accrualify the most comprehensive spend management software available in the market,” said Benjamin Portusach, CEO of Accrualify. “Right now, systems addressing spend management have antiquated and fragmented offerings. Currently, organizations may need to deploy three of four different products to manage POs, payments, invoices, vendor management, and accruals. The Accrualify platform will consolidate all aspects of the procure-to-pay process while integrating seamlessly with all
of the major ERP systems.”
About Accrualify, Inc.
Accrualify is a robust platform developed for enterprise-level accounting teams that function on the accrual method of accounting. Accrualify Spend Management Platform saves accounting departments time and frustration by automating month and quarter-end accrual processes. Automatically tie in vendors to specific purchase orders, mass request accrual estimates and invoices, manage purchase orders and send invoice payments all through a single platform.
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