In the fast-paced world of inventory management, getting a handle on several key factors is crucial to achieving success. This includes tracking inventory levels, purchasing, manufacturing, and sales. Financial controls and streamlined approval processes are often overlooked but are also crucial for saving time, preventing errors, and mitigating fraud when managing inventory. Finance teams in businesses that are responsible for managing and storing large quantities of stock, such as beer breweries, coffee roasters, fashion houses or even hardware manufacturers are often juggling multiple systems and manually chasing people to manage the approvals of bills and purchase orders. This causes significant delays on payments, ordering and deliveries, which can ultimately lead to customer dissatisfaction.
At ApprovalMax we’re excited to announce our integration with Cin7 Core (formally known as DEAR). Businesses who are using Cin7 Core to manage their purchasing, inventory and manufacturing can now also enhance their security measures, improve efficiency, and create robust financial controls from a single, centralised platform with ApprovalMax. This is thanks to ApprovalMax’s approval automation functionality, fraud detection capabilities, and automatic audit report generation.
ApprovalMax’s latest product expansion enables accounts payable (AP) teams to set up multi-level and multi-conditional approval workflows for purchase orders from Cin7 Core. This level of customisation ensures that purchase orders in Cin7 Core are automatically routed to the correct decision maker in an organisation, completely eliminating the need to manually chase anyone in the business for approval. Now approval processes align perfectly with business requirements, minimising errors and maximising efficiency. This not only saves valuable time but also improves collaboration and reduces the risk of bottlenecks in the approval process.
ApprovalMax for Cin7Core also enables the detection of potentially fraudulent behavior by monitoring any changes made to approved purchase orders after they have been approved. This proactive approach helps businesses identify and prevent fraudulent activities, safeguarding their financial interests and inventory.
Businesses who already use ApprovalMax with Xero, can now also connect ApprovalMax directly to Cin7 Core. This means all purchase orders, invoices, credit notes, bills, and batch payments can be seamlessly approved in one place, eliminating the need to switch between different applications for approvals. Everything is managed from one point, in ApprovalMax.
Approvalmax is an all-in-one B2B software platform used by businesses around the world to build robust AP and AR automation, creating multiple layers of internal control. It streamlines the approval process by allowing users to create automated workflows to approve bills and invoices. ApprovalMax integrates with accounting platforms such as Xero, QuickBooks Online, and Oracle NetSuite to unlock powerful efficiencies for accounts payable and accounts receivable functions in any finance team.
Set up a system of checks and balances for your financial operations.
Multi-step, multi-role approval workflows for financial documents.
Auto-generated audit reports for each approved item.
Get alerts for fraudulent activity and protect against it happening.
Leave printing in the past with fully digitised workflows.