Point Purchasing logo

Point Purchasing

by Point Systems, Inc. · Since 1999
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ActiveAvailable globallyCloud
Quick facts
VendorPoint Systems, Inc.
Year launched1999
StatusActive
Location860 Market Street, San Francisco, CA 94102, USA
Countries servedGlobal
Languages1
Integrations15+
Free tierNO
Free trialNO
Contact salesYES

About Point Purchasing

Point Purchasing is a procurement and purchasing automation platform developed by Point Systems, Inc. for biotech, life sciences, and research-driven organizations.

Point Purchasing is a procurement and purchasing automation platform developed by Point Systems, Inc. for biotech, life sciences, and research-driven organizations. The software focuses on automating the full corporate purchasing cycle, helping organizations manage requisitions, approvals, receiving, invoicing, and vendor interactions from a single platform. Its workflow-driven structure helps companies improve spending visibility, maintain compliance, and reduce administrative overhead. The platform stands out for its strong integration capabilities with ERP, accounting, authentication, and inventory systems. Features such as three-way matching, OCR invoice processing, vendor catalogs, asset tracking, and cXML/Peppol B2B transactions make it suitable for companies handling complex procurement operations. Point Purchasing also supports mobile receiving applications for warehouse and receiving teams, improving operational efficiency. Another strength of the software is its flexibility in approval routing and departmental controls, enabling organizations to enforce procurement policies consistently. With long-term industry experience since 1999, Point Systems has positioned Point Purchasing as a reliable procurement solution for organizations seeking automation, accountability, and scalable purchasing management.

Pros & Cons

Pros
  • Connects ERP and accounting systems for seamless procurement workflows.
  • Automates approval routing to improve purchasing compliance accuracy.
  • Supports OCR invoice capture to reduce manual accounts payable work.
  • Provides strong B2B procurement support with cXML and Peppol.
  • Offers mobile receiving tools for warehouse and receiving operations.
Cons
  • Interface may feel complex for smaller businesses with simple needs.
  • Primarily focused on biotech and life sciences organizations.
  • May require onboarding time for configuring workflows and approvals.
  • Smaller vendor ecosystem compared to major enterprise ERP platforms.
  • Customization options may increase implementation and maintenance time.

Features

Key features

B2B Transactions

Supports cXML and Peppol electronic procurement workflows

Mobile Receiving

Supports handheld receiving through iOS and Android applications

Single Sign-On

Supports SAML authentication and centralized identity management

Asset Tracking

Tracks purchased equipment and organizational assets

ERP Integration

Syncs accounting data and transactions with ERP systems

Vendor Catalogs

Enables approved vendor pricing and catalog-based ordering

Three-Way Matching

Matches purchase orders, receipts, and invoices automatically

Invoice OCR Processing

Accepts emailed invoices with OCR-based data extraction

Requisition Management

Allows users to create and track purchasing requests efficiently

Approval Routing

Supports flexible multi-level approval workflows for spending control

Additional features

Inventory Integration

Connects with inventory management systems

Custom Reports

Generates purchasing and financial reports for analysis

Vendor Pricing Database

Stores approved supplier pricing catalogs

Invoice Review

Allows accounts payable teams to validate invoices

Accounting Code Assignment

Applies accounting segments to transactions

Policy Enforcement

Automates enforcement of corporate spending policies

User Requisitions

Lets employees submit purchasing requests independently

Department Restrictions

Restricts purchases by department permissions

Receipt Notifications

Updates users on receiving and order statuses

Project Assignment

Assigns projects and line item accounts to departments

Equipment Asset Tracking

Tracks purchased organizational assets

Packing Slip Attachments

Uploads packing slips from desktop or mobile

Goods Receipt Tracking

Monitors incoming goods and delivery status

Vendor Returns

Handles return processing and credit memos intelligently

SAML Authentication

Supports SSO with external identity providers

OpenID Support

Integrates with OpenID-compatible identity providers

Real-Time Transaction Sync

Sends bills and POs to accounting systems instantly

Legal Workflow Integration

Links contracts and legal approvals with POs

ERP Synchronization

Syncs vendors and accounting segments automatically

Purchase Order Matching

Validates PO, receipt, and billing quantities

Pricing

Free trial
Free version
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Countries & Languages

Global
Countries served
1
Interface languages
1
Billing currencies

Interface languages

English

Billing currencies

🇺🇸USD

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