Advancing Procurement Efficiency: Load-Based Purchase Contract Functionality Now Available

By Levridge staff | Updated: May 13, 2024 | Accounting , Grain , News , Product Updates , Release Notes | read

Levridge is releasing a new update in the Commodity Accounting module specific to load-based purchase contracts. This update addresses a crucial need in the industry, offering you the capability to create contracts based on the number of loads rather than traditional quantity-based contracts. Here’s a closer look at how this update is set to modernize your business’s needs.

One of the key highlights of this update is the ability to create purchase contracts based on a specified number of loads and estimated load sizes. This feature provides you with flexibility in contract management, allowing for more accurate planning and execution of procurement activities.

Moreover, the update introduces comprehensive contract tracking functionalities. You will now be able to monitor various aspects of load-based contracts, including contracted, shipped, and canceled loads, as well as remaining loads on contract delivery lines. This enhanced visibility enables better decision-making and ensures that procurement operations stay on track.

The Levridge Commodity Accounting load-based contracts update represents forward-thinking in procurement efficiency. By offering enhanced flexibility, comprehensive tracking, and dynamic pricing options, Levridge empowers you to streamline your procurement processes and navigate supply chain complexities with confidence. With this innovative solution, your business can stay ahead of the curve and drive greater success in your procurement endeavors.