James Kennedy, the CEO of ProcurementExpress.com, shares a candid look into his annual tradition of attending Microconf, the unique challenges and rewards of bootstrapping, and the transformative insights he gained from this year’s event. Dive into James’s personal reflections below: My co-founder, Rich and I have developed somewhat of a ritual attendance of Microconf. The self-effacingly named conference is aimed at so-called ‘bootstrapped’ founders of technology companies. Indeed, it was a conference I first attended back in 2013 that helped me decide to go in with Richard to create a purch ..read more

We’re still on a bug-eradication spree and by the start of 2023, you’ll experience smoother operation in ProcurementExpress.com all around. I am very excited and I am sure you are too. Here’s what we’ve updated since my last article, as you’ll see we’ve been very busy. Updates to the calculations on the PO report. This should smooth things over if you use multiple currencies. Updates were also made to the calculations of multi-currency amounts and to the budgets and departments sections on the dashboard. On the calculations of approval limits for requests, we have made some changes to the way ..read more

We released version 2.2.20 of our web application on the 6th of October 2022, which contained mainly fixes to recent issues faced by our customers. In fact, we have decided to focus on fixing those pesky bugs for the next few months and keep the addition of new features to a minimum. We’re looking forward to seeing the results of these improvements and we’ll keep you updated on the progress. Release 2.2.20 contained 13 changes, 9 of which were bug fixes. The following tickets were fixed in this release: The higher approver was able to approve before other approvers in the chain by using bulk ..read more

In the world of procurement and finance, efficiency and accuracy are paramount. The time-consuming task of processing individual invoices can often burden accounts payable departments, leading to delays and potential errors. However, there’s good news! With the introduction of the new batch payments feature by ProcurementExpress.com, managing payments has never been easier. This feature can revolutionize your payment processes, saving your AP department valuable time and effort. Simplifying Payment Processing The batch payment feature allows you to consolidate multiple invoices into a single b ..read more

ProcurementExpress.com is thrilled to unveil our revamped mobile app, designed to optimize your purchasing processes. With a fresh interface and intuitive features, this new app empowers you to manage purchase orders (POs) and invoices with ease. In this article, we will explore the exciting additions that enhance your purchasing experience. Intuitive User Interface: Experience a seamless and engaging user interface with our new mobile app. Its modern design and improved navigation make it effortless to access features and navigate through different sections. OCR-powered Invoice Scanning: Say ..read more

We are pleased to share with you the latest updates and features that have been released on ProcurementExpress.com. These updates are aimed at improving the overall user experience and enhancing the purchasing process. New Settings: With the invoice reference required setting, you can choose whether the invoice reference field should be mandatory when suppliers or employees upload invoices. You can access this setting by going to: Company Settings -> Invoices -> Invoice Reference Required We have also introduced a new setting that allows you to limit invoice approval by user role. This ..read more

Software updates are essential to keeping devices and applications running at their best. In 2023, we’ve already made significant updates, including new features, bug fixes, and security improvements. In this blog post, we’ll explore some of the most notable updates of the year so far, and how they can enhance your experience in ProcurementExpress.com. Exciting news for requesters, you can now select multiple draft requests and send them all at once. To do that, navigate to ‘Requests’ -> ‘Drafts’ Now select all the tick boxes of draft requests you would like to send -> click ‘Send’ Li ..read more

We released version 2.2.21 of our web application on the 20th of October 2022, which contained mainly fixes to issues faced by our customers. In fact, we have decided to focus on fixing those pesky bugs for the next few months and keep the addition of new features to a minimum. We’re looking forward to seeing the results of these improvements and we’ll keep you updated on the progress. Release 2.2.21 contained 16 changes, 9 of which were bug fixes. A note-worthy upgrade in functionality is with Holiday (Vacation) mode. You can now select who you want to approve POs on your behalf when you go o ..read more

The purchase-to-pay process involves all the steps in the procurement process.  They are as follows: Purchase requisition  Approval Purchase order Receipt & acknowledgement Inspection  Invoice  Payment ..read more

Measure your procurement function according to these performance indicators: Average cost per order Calculate the total cost of ordering divided by the number of orders. Procurement cost avoidance Consider your cost savings as a consequence of procurement initiatives.  Spend management  Dividing your suppliers into two categories: on-contract & off-contract, and reducing the number of vendors who are not under contract.  ..read more