In business industries all over the world, one of the hottest trends is to move from paper to cloud based management systems for running all operations of the company. But a lot of people tend to take a step back from it and it is completely justified as they are not entirely used about the e purchasing or cloud based procurement system or software. You might even have a bunch of unanswered questions too, right? If that is the case then you should do a thorough research, ask experts and look into various testimonials before making any decision on this particular topic. With that said, following are some of the frequently asked questions related to cloud based purchasing and procurement systems that you can read all about, check them out below.
Shopping on Vendor Website
Since you are buying a cloud based system, essentially you will have to make the payment on vendor website. Apart from that, you will also be doing interval payments to them for the same purpose.
Restriction on Visibility
If you want, you can have total transparency when it comes to spending, however, if you do not want everyone to have the same kind of access then you can customize and go for selective transparency as well i.e. you can restrict the visibility to a few people. Since all company spending are not necessarily important for each and every employee to know about any way so you can personally get in touch with the vendor and tell them about your requirements and they will do so according to your needs and requirements. This is not only applicable for spending and income but also about other reports that are uploaded on the cloud and are sensitive in nature.