Unlike other procurement solutions, Infor™ FMS SunSystems iPOS (Internet Purchase Ordering System) puts the emphasis on more than just the product or technology deployed—instead, it addresses people, processes, and product. Designed to minimise the cost of purchasing and to deliver measurable bottom-line savings, iPOS employs the power of the Internet to release users from the constraints of paper-based requisitioning and approval. At the same time, it provides managers with full visibility into costs, from requisition to payment. Backed by more than 20 years of built-in experience, iPOS is the solution of choice for organisations wishing to gain transparency and control of procurement operations.

Infor FMS SunSystems iPOS is a sophisticated requisition and procurement solution featuring a high level of financial integration. It can track all purchases, from simple, one-off buys to the most complex recurring orders and goods received methodologies. SunSystems iPOS allows companies to streamline and automate purchasing tasks, leaving the finance and procurement teams free to focus on more productive endeavors that will improve the bottom line.

The iPOS solution suite is made up of three core components:

iPOS eProcurement—a web-based, end-to-end, procure-topay solution. When an approved item is purchased from an approved supplier for an existing project or cost centre, the process can be controlled by a traditional purchasing application. The purchase expenditure is subjected to budget checking, approval matrixes, escalation paths, commitment accounting (optional), and electronic invoicing. SunSystems iPOS eProcurement drives down maverick purchasing, controls spending across the organisation, manages extensive approval delegation and workflow requirements, and delivers comprehensive transparency and audit capability to the purchasing function.

iPOS 3P—a workflow management component that automates the workflow of elements of business processes falling outside the transaction lifecycle. As the full purchasing process is not completely addressed within the stages of a financial transaction, non-transactional activity is dependent on the flow of information and tasks from person to person within the organisation. SunSystems iPOS 3P provides the glue between people, manual processes, and product.

iPOS Connections—an enterprise application interface (EAI) toolkit that links data sources to data targets, allowing data extraction, translation, validation, and exception handling from one application database to another. Data from other systems can be imported into iPOS at the appropriate point in the transaction lifecycle. The Connections component leverages a company's existing IT investments by integrating them into the purchasing framework.

The SunSystem iPOS eProcurement user interface and automated business processes make it simpler to process purchases. The solution reduces transaction lag times by eliminating manual tasks, introducing approval emails, and escalating the resolution of bottlenecks. It also reduces maverick purchasing, introduces compliance with approval limits, and increases data integrity. In short, SunSystems iPOS is simpler, faster, and better than other procurement solutions. It’s also powerful, easy to configure, and provides a quick return for companies seeking to reduce costs and overhead.