CostTracker

CostTracker is a cloud-based purchase order solution, which assists businesses with cost tracking and purchase order management. Key features include budget control, collaboration, workflow management, invoice processing, data synchronization, and reporting. The CostTracker platform enables users to create purchases, define digital approval processes, track cost, and set budgets with multiple categories for purchase orders. It enables managers to check the approval status of purchase requests, set up role-based permissions for team members, add comments or modifications to purchase orders, and maintain documentation for auditors. Plus, team members can access all purchase requests on a unified portal, in order to enhance quality assurance and decision-making. With CostTracker you can choose to continue using your accounting system for invoice approval. CostTracker will then read the accounting transactions and match these with purchase orders in CostTracker. You can also attach invoice transactions directly to budgets in CostTracker making sure you are 100% aligned with your accounting system. CostTracker offers an application programming interface (API), which facilitates integration with various third-party accounting systems. It helps users synchronize invoices to provide insight into financial commitments and budget statuses. Businesses can also use CostTracker to implement three-way matching to identify fraudulent invoices, incorrect deliveries, missing goods, and more, preventing payment-related discrepancies.