Overview
Enterprise financial power without the ERP overhaul. Accounting, procurement, billing, and asset management on one standalone platform.
Unit4 Financials by Coda
Procurement Management Software
Improve control, visibility, and efficiency across procurement.
45+ years of heritage | 750+ customers |
100+ countries | 90% cloud NPS
Trusted by organizations that need financial control at scale
Procurement control should start before spend happens
Indirect spend is often manual, fragmented, and difficult to control. The Procurement module within Unit4 Financials by Coda helps organizations establish electronic controls across requisitioning, purchase orders, receiving, invoice matching, and payment. By extending procurement functionality to more users and routing managers into authorization workflows, organizations can improve budget accountability, reduce unregulated spend, and give every participant greater visibility into the process.
Smarter procurement within Unit4 Financials by Coda
Consolidate purchasing activity
The Procurement module helps consolidate purchasing activity with preferred suppliers, giving organizations better visibility and focus across indirect spend. An intuitive interface for requisitioning and purchase orders supports wider adoption across the organization, helping workers find the right goods and services quickly while giving finance and procurement teams greater transparency.
Key Features:
- User-friendly requisitioning and purchase order processes
- Consolidated purchasing activity with preferred suppliers
- Better visibility for everyone involved in the procurement process
- Standardized product selections to support strategic goals such as auditable sustainability
Control spend before it happens
The Procurement module enables electronic controls throughout the purchasing process, reducing the effort required to request, order, receive, invoice, and pay for items. By putting managers into authorization workflows, organizations can establish budget accountability, improve monitoring and transparency, and reduce unregulated spend before it becomes a problem.
Key Features:
- Electronic controls across requisitioning, ordering, receiving, invoicing, and payment
- Authorization workflows that support budget accountability
- Improved monitoring and transparency throughout the process
- Reduced administrative effort and manual review
Match invoices electronically
With the right requisitioning and purchase order approval processes in place, invoices can be matched quickly and electronically without re-keying or unnecessary data entry. Invoice matching also helps ensure goods received processes are completed before payments are made, strengthening control while reducing manual processing effort.
Key Features:
- Electronic invoice matching against purchase orders
- Reduced re-keying and unnecessary data entry
- Goods received checks before payment
- Faster, more controlled invoice processing
Negotiate with your full buying power
By consolidating procurement activity and improving visibility, Unit4 Financials by Coda helps organizations negotiate more effectively with suppliers and pursue economies of scale. Smarter procurement processes can support rapid and sustained savings, while standardized purchasing helps align spend with organizational priorities.
Key Features:
- Greater visibility into purchasing activity and supplier spend
- Consolidated buying activity to support stronger supplier negotiations
- Economies of scale that can enable significant, sustained savings
- Standardized product selections that support strategic goals
Electronic Procurement Controls
Establish controls across requisitioning, ordering, receiving, invoicing, and payment while reducing manual effort.
Authorization Workflows
Put managers into approval workflows that improve budget accountability, monitoring, and transparency.
Electronic Invoice Matching
Match invoices quickly and electronically against approved purchase orders and goods received processes.
Purchasing Consolidation
Consolidate activity with preferred suppliers to increase visibility and strengthen buying power.
Single-Ledger Posting
Purchasing posts directly to the single ledger. No reconciliation between procurement and accounting.
Smarter Procurement Savings
Smarter procurement and economies of scale can enable major, rapid, and sustained financial savings.
Seamlessly connects with your tech ecosystem
Frequently asked questions
What is Procurement in Unit4 Financials by Coda?
Procurement is a module within Unit4 Financials by Coda that helps organizations control purchasing processes, consolidate procurement activity, and automate key steps from requisitioning and purchase orders through receiving, invoice matching, and payment. It supports improved visibility, budget accountability, and reduced manual administration.
How does Unit4 help reduce unregulated spend?
Unit4 helps reduce unregulated spend by establishing electronic controls across the purchasing process and routing managers into authorization workflows. This supports budget accountability, better monitoring, and greater transparency before purchasing commitments turn into invoices.
How does electronic invoice matching improve processing?
With approved requisitioning and purchase order processes in place, invoices can be matched quickly and electronically, reducing re-keying and unnecessary data entry. Invoice matching also helps ensure goods received processes are completed before payments are made.
How does procurement visibility support supplier negotiations?
By consolidating purchasing activity with preferred suppliers, organizations gain better visibility into spend and can negotiate more effectively with their full buying power. Smarter procurement and economies of scale can support significant, rapid, and sustained financial savings.
How does Procurement connect to accounting?
Financial control is improved by integrating cost and expense management with procurement. The Procurement module provides visibility across purchasing activity so finance teams can better monitor commitments, approvals, goods received, invoice matching, and payments.
Enterprise-grade security for your financial data
Explore Financials by Coda capabilities
Accounting
Real-time single ledger with multi-dimensional accounting. Handle multi-entity, multi-currency, and multi-GAAP from one unified model.
Billing
Precision billing with automated workflows and approvals. Reduce disputes, accelerate payments, and maintain invoice accuracy.
Asset Management
Complete lifecycle control from acquisition to disposal. Automate depreciation and integrate with accounting and procurement.
FP&A
Unit4 FP&A for Financials by Coda. Budgeting, forecasting, and self-service analysis on the same platform.
Spend Analytics
AI-powered Spend Analytics. Uncover savings, mitigate risks, and automate data preparation across your procurement spend.
Ready to improve procurement control without adding complexity?
See how the Procurement module within Unit4 Financials by Coda helps automate purchasing processes, improve visibility, support budget accountability, and reduce manual administration.
Unit4 Financials by Coda