Order.co
Order.co is a Spend Efficiency Platform that helps businesses save time, save money, and gain clarity. Order.co eliminates manual purchasing and payment tasks and gives your team one place to purchase, approve, track, and pay.
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In Their Own Words: Order.co
Order.co is a Spend Efficiency Platform that helps businesses save time, save money, and gain clarity into their spend. Order.co eliminates manual purchasing and payment tasks and gives your team one place to purchase, approve, track, and pay for all the physical goods your business needs. With customizable budgets and reporting, operations and finance teams can regain control over the buying process and start spending efficiently.
Purchasing:
Easily place and manage all orders in a centralized location.
– Curate a custom catalog: Purchase everything your business needs through Order.co, instead of ordering through each individual vendor. From online marketplaces to big-box stores to industry-specific vendors, they’re all in your custom Order.co catalog.
– Discover savings: Save money on your purchases by tapping into Order.co’s $4 billion in buying power. And, Order.co strategically sources products to discover savings on the same products you’re purchasing today.
– Automate your purchasing: Speed up your purchasing process and remove manual errors by automatically generating purchase orders from approved purchase requests. And, easily buy your frequently-purchased products based on premade shopping lists and orders.
– Track your orders: Stay up-to-date on your orders across all vendors by tracking their statuses — from approval to fulfillment to delivery — in one location.
Payments:
Order.co makes paying your vendors easy, quick, and convenient
– Pay one bill per month: Significantly reduce your time on accounts payable and pay all of your vendors for every purchase placed via your custom catalog on one monthly bill.
– Access net payment terms: Make the best purchasing decisions, free of cash flow constraints. Leveraging extended net terms through Order.co like Weekly Net 45 or Monthly Net 30.
– Achieve a 3-way match: Ensure the accuracy of every payment. Confirm that products were ordered, received, and invoiced, so you can easily complete a 3-way match without spending hours on invoice reconciliation.
– Automate your invoice coding: Eliminate manual data entry errors and speed up invoice processing times with automated invoice coding. Every Order.co invoice contains perfectly coded, granular spend data.
– Share spend data seamlessly: Close books faster and save countless hours getting accurate data into your accounting system. Keep your books up-to-date on all of your Order.co transactions via API integrations or data exports.
Controls + Visibility:
Approval workflows fit for your organization:
– Generate approvals by account code, user, vendor, location, cost center, and order subtotal
– Improve purchasing turnaround time with automatic order placement upon approval
– Edit purchase requests at the line item level to avoid back-and-forth communication and delays
– Centralize your approvals so that requests don’t get lost in your inbox or messages
Track and limit spending with customizable budgets
– Leverage budgets for users, locations, or cost centers and set them to the cadence that works best for your team
– View changes in your budget as purchases are made, so your team never overspends
– Allocate portions of a budget to specific types of products to control exactly how money is spent
Detailed reporting for better spend decisions
– Generate granular reports with spend broken down by user, vendor, location, and more
– View your spend and budgets in real-time to identify areas for cost savings
– Create more accurate forecasts with instant access to historical spend data and trend projections