CostTracker

What is CostTracker?

CostTracker is a cloud-based purchase order system that provides complete cost control and effective collaboration within groups or across an organization. Users can create, approve, and track purchase requisitions and purchase orders, enabling real-time cost control and automated cash flow forecasting. The platform's supplier invoice module with machine learning optical character recognition (OCR) capabilities further streamlines the process, allowing users to approve both purchases and invoices in the same system. CostTracker integrates with various third-party accounting systems through its application programming interface (API), enabling users to synchronize invoices and gain insight into financial commitments and budget statuses. Additionally, the system facilitates three-way matching to identify and prevent payment-related discrepancies, such as fraudulent invoices, incorrect deliveries, and missing goods

Highlights

• Cloud-based purchase order system for effective collaboration and cost control
• Create, approve, and track purchase requisitions and purchase orders
• Automated cash flow forecasting and real-time cost control
• Supplier invoice module with machine learning OCR for streamlined approval process
• Integration with third-party accounting systems through API
• Three-way matching to identify and prevent payment-related discrepancies