- recurring order billing date
What is Recurring Spend?
Procurify allows you to track and manage recurring spending, e.g. software subscriptions and services.
How does it work?
Requesting Recurring Spend
For recurring order items, select:
- The billing date
- How often it repeats
- The duration of the recurring expense
Approving Recurring Spend
Approve the full amount of the expense and let Procurify do the rest. Recurring order items display how the expense is billed over time and tie back to the owner for future reference.
Accurate budget tracking
Recurring items are allocated appropriately in Procurify’s real-time budgets, so you can see what’s committed for each Budget before payment processing.
Recurring items ready for invoice processing
Purchase orders with recurring order items will be auto-received and generated in the Accounts Payable module for each billing date for the duration of the purchased spending. For example, a $1,000 recurring order item billed monthly will generate one unbilled item in the Accounts Payable module for each billing date of the month. Each bill created with a recurring unbilled item ties back to the purchase order and updates the budget tracking accordingly.