RACS News & Blog

Category: Warehouse & procurement

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3-way matching

3-way matching principle in RACS

In accounting context, the 3-way matching principle refers to a procedure for processing incoming- or vendor invoices. The intention of 3-way matching is to avoid incorrect or fraudulent invoices get paid. 3-Way refers to the 3 documents which are used in the process: the vendor invoice purchase order Acceptance document matching refers to comparing the Continue reading…

facturen goedkeuren / geautomatiseerd goedkeuringsproces/ accounts payable invoice approval flow

Accounts payable invoice approval flow, the future

Whenever I visit a company, I always notice when I pass the financial department. Desks are enclosed by bulging file cabinets and are buried under the files. In addition, I often feel an atmosphere of stress and heavy work pressure. Although there obviously is hard work going on, I still subconsciously feel they don’t have Continue reading…

procurement process automation

Procurement process automation

RACS procurement, the ideal system for your procurement process automation, pushes the approval process from the financial Department to the budget holders while finance remains in control. RACS procurement processes your internal material requests and customer orders: article and promotion management, location management, catalogues, continuity of stocks, automatic orders to suppliers, transport charges, multi-warehouse…