Visibility and Control
EchoVera CAPEX gives you full control over your spend against the budget for investment projects.
- Automated approval workflow on mobile or desktop
- Gain control over who can buy and what they buy
- Purchase orders are matched to invoices and sent for payment
- Exceptions are flagged and sent to approvers
- Searchable archival database with fast reporting
EchoVera CAPEX can be used by almost anyone in your organization. More product details in the tab above.
Seamless Integration with Your ERP
EchoVera integrates with NetSuite, SAP Business One, Dynamics, and more.
Manage The Entire Procurement Process
Help your organization to gain full control over your project spend against a budget. EchoVera CAPEX can be used by almost anyone in your company, boost the efficiency in your procurement processes, and increase the cost awareness in your organization. Key features include:
- Collaborate with Selected Suppliers
Employees can punch out to your preferred supplier’s online catalogues. Import catalogues to guide users toward the appropriate items. Even an ad-hoc requisition can be created for special situations.
- Control Approvals
All purchasing is controlled through detailed permissions and approval workflows. This ensures that your employees are purchasing goods and services within set budgets and from your preferred and properly approved suppliers.
- User-friendly Procurement Experience
The EchoVera CAPEX interface is extremely intuitive and easy to comprehend. Make purchases with just a couple of clicks. See an overview of products and suppliers with additional descriptions and pictures.
- Categorization and Tracking
Categorize your suppliers and products by different categories with one single click on visual icons such as Recommended, Contracted, and Eco-labeled etc. The platform keeps track of the total amount of your purchase throughout the requisition and displays your selected items so you can keep track of purchases at all times.
- Automate Processes with Touchless Invoice
A “touchless invoice” means that the invoice is received electronically and automatically matched against a purchase order or contract. If the invoice meets all regulatory requirements, it is automatically sent on for payment.
- 2 and 3 Way Matching
All invoices are automatically matched against the corresponding PO at the header or line level according to predefined business rules and tolerances. Any invoices matching within approved tolerances can be sent directly to the ERP for payment.
- Stay On Track with Your Spend and Suppliers
Users can select from a long list of search criteria that can be used to generate custom reports. Tracking supplier performance, commodity purchases, matching statistics, vendor spend etc. can all be facilitated in the reporting system.