New Features: Track Status and Revisions in Purchase Orders
Ever feel like you could swear the purchase order in your hand was the final one, but then you found out there was a revision, or a revision of the revision, or a last-minute extra charge?
I’ll then have to either eat the additional cost or go back to my customer to ask for more money—not my favorite conversation.
With the latest enhancements to Fohlio’s Purchase Orders tool, you’ll be able to:
See the Exact Status of Any Purchase Order
Now in full technicolor — so you can see the status of any purchase order at a glance!
Match Vendor Invoices With Additional Cost Fields
Purchase orders now have fields for packing costs, duties, and more.
Some costs are never truly final until you receive an invoice — long after you send out a purchase order.
Now, you can match your PO costs to your vendor’s invoice so your accounting is always accurate.
Update Costs and Track Revisions
Besides estimated costs that may need to be updated (see above), you may also need to make a product swap.
Or maybe your vendor tacked on a rush fee so you can still meet deadline despite all the changes the client asked for.
Purchase orders are locked until someone decides to make a revision.
But every time changes are made, it’s saved as a revision — so it’s easier to catch errors and explain why changes are made.
Standardize data, processes, and workflows with Fohlio. Specify faster, manage all types of data, automate cost estimation, and more. Book a demo to see how Fohlio can help improve your firm’s efficiency.