Manufacturing
Accounts payable and purchasing, cost of goods, bill of materials and inventory management, plus sales, customer and business intelligence, for manufacturers.
From production input costs to supplier spend management and real-time operational performance – SinoraIQ connects your purchasing, invoicing and cost data so your finance and operations teams always have the information they need, when they need it.
Works with: Food and Beverage Manufacturing | Industrial Manufacturing | Retail | Consumer Goods | Process Manufacturing | Assembly and Production
Accounts payable automation and three-way matching across all invoice types – invoices read, matched and automatically coded to the correct account in your general ledger – no manual data entry, no manual chart of accounts assignment
Every type of spend captured, not just goods – raw materials and components, plus machinery, spare parts, freight, services and software, all read, reconciled and coded to the correct account in your general ledger.
Purchasing intelligence across every supplier and product – every order tracked from placement through delivery and invoice – preferred suppliers enforced, agreed pricing monitored and ordering signals generated automatically – all supplier correspondence received, reviewed and actioned directly from the order screen within SinoraIQ, with alerts when supplier attention is required, so nothing is missed and nothing is lost across inboxes
Bill of materials costs connected to live supplier pricing – as production input costs change, bill of materials costs update automatically – so your product margins are always current, not dependent on manual recalculation at period end
Freight and logistics invoice processing – freight, courier and point-to-point delivery invoices processed automatically, reconciled and matched to jobs and orders – highlighting any deviation from contracted rates and giving your finance team complete visibility of all freight costs
Approval governance across your operation – purchasing approval thresholds enforced automatically across all facilities and departments – every production purchase, freight engagement and service spend authorised at the right level with a complete audit trail
Supplier spend and price volatility managed in real time – total spend, spend by category, spend per supplier and price movements monitored automatically – so your purchasing team always knows where cost pressure is building before it impacts production margins
Real-time operational performance dashboards – production costs, COGS, supplier spend and accounts payable operational metrics connected in one real-time view – updated as transactions occur