Home / Events / Procurement Made Easy – Purchasing and Budget Control in a Best in Class System

In today’s environment, many organizations are putting the microscope on spend. Now more than ever, there are some areas where we just can’t afford to go outside our approved budget. Traditional paper-based workflows for purchasing and AP quickly showed their inefficiencies when the world was forced to become more digital. Disconnected purchasing systems lack the ability to give us closer to real-time insight on budget vs. actual, what’s been committed, and what we have left to spend. All these challenges point to the need for procurement and spend management capabilities readily available in your accounting platform. In the webinar, we will discuss:

• How to avoid unexpected cash flow issues by automatically governing your spend against a budget
• Flexible controls to decide how you handle spending outside of an approved budget
• Viewing financial reports with committed spend for a more holistic analysis of budget against actual
• How to get proactive insights into budget available from an end user (requestor) perspective

Join us to learn how a best in class solution offers purchasing workflows as standard product functionality, and how layering on the power of optional spend management controls can keep you in budget without having to compare data manually or across systems.

Who Should Attend

Individuals in nonprofit organizations leading the accounting/finance function or responsible for the financial management of grants. CPAs working with these companies will also find value.

Additional Program Details

• Learning Objective: To provide attendees with a better understanding of purchasing workflows as standard product functionality.
• Instructional Delivery Methods: Group Internet-based
• Recommended CPE: 1.0 CPE
• Recommended Fields of Study: Accounting Technical
• Prerequisites: None Required
• Advance Preparation: None
• Program Level: Basic
• Course Registration Requirements: None
• Refund Policy: No fee is required to participate in this session.
• Cancellation Policy: In the event that the presentation is cancelled or rescheduled, participants will be contacted immediately with details.
• Complaint Resolution Policy: GRF CPAs & Advisors is committed to our participants’ 100% satisfaction and will make every reasonable effort to resolve complaints as quickly as possible. Please contact kdavis@grfcpa.com with any concerns