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As procurement becomes increasingly digital, traditional processes need to transform. Using Budget Management, procurement teams can maintain the controls and guardrails they require while empowering their buyers with greater purchasing authority. Infuse your procurement process with budgetary transparency and use control check-points like pre-purchase approvals to reduce dependencies on manual process and operate more efficiently, end-to-end.
Set spend thresholds to get ahead of overspending. Choose to make budget amounts visible to your buyers so they can make informed purchasing decisions on channels that are easily trackable.
Create a reliable purchasing process with real-time usage tracking and reports that connect to Amazon Business Analytics. Easily edit a budget’s amount, duration, and active status.
Create one PO instead of multiple, manual orders to decrease the amount of time spent auditing purchases so you can focus on other priorities.
“Being able to see clearly what has been ordered in real time with the system, instead of spending time chasing records at the end of the month allows us to use our time more wisely, making sure the university procurement function is running as smoothly as possible.”
— Anthony Midgley, Category Manager and Procurement Systems Lead, University of Leicester
Go to Business Settings within your Amazon Business account to create budgets now. Remember to first select the group you want to assign the budget.