iPOS - 3P
iPOS 3P is a management component that automates the workflow of a wide range of the business processes that fall outside of the transaction lifecycle. How do you add a new supplier or item – or other reference data – to the system? A number of information capture and approval steps need to be completed before the details can be added to Infor FMS SunSystems or iPOS.
Who can request to trade with a new supplier? What ratification does the Purchasing Department require prior to activation? What controls does the Finance Department require before you start trading with them? Who has the final decision to create the new supplier? What backup or failover procedures are in place should critical approvers be unavailable?
iPOS 3P automates these type of tasks in a browser based workflow framework. Companies can define and design their own processes and business rules and automate them with iPOS 3P. This tool is just as effective with processes outside of the purchasing function, any process that contains data collection, decision points and approval workflow can be automated.
The final outcome can even be the automated insertion of the appropriate reference record and underlying audit trails into the control database – no more rekeying, no more human error, full transparency and visibility for audit purposes.
