Set different levels of budgetary control for individual employees/departments
Eliminate 'rogue purchasing' - receive alerts or force an alternative work process when your pre-set budgets are exceeded = Better control over expenditure therefore reduced risk
Provide originators with a properly defined purchase processing system
Reduce need for paper-based administration = Speed up process, reduce risk of user error, improve traceability
Show committed and incurred costs in detail, assign costs to projects and assess the profitability of individual projects Improve cash forecasting ability by tracking individual projects and ensuring all available profit is realised = Accurately track cash flow and profitability