Vendor and Vendor Rules Management
Pocket helps emerging eCommerce and omni-channel brands manage finance easily - by providing a one-stop solution for founders to auto-generate accrual based financial books and key analytics, and collaborate with advisors and CFOs on key decision making. Over 100 users at modern consumer brands use Pocket to manage their books, file taxes, and prepare financials for financing and fund raising.
❓Why you need to manage vendor and setting vendor rules?
Vendor management is a key aspect of your accounting operations. Typically you conduct transactions with certain vendors with the same or similar financial nature. For example, you would want to track your transaction value with all your inventory suppliers, or your co-packers throughout a year, and a visibility into your spending by vendor will enable you to negotiate better payment terms.