Procurement
Procurement
Simplify and optimize your procurement process with our Procurement Module—a comprehensive solution designed to improve efficiency, control costs, and ensure supplier compliance. Our low-cost ERP seamlessly integrates procurement with its own Accounting System, streamlining purchase requests, supplier management, and payments.
Supplier & Contract Management – Simplify Partnerships, Strengthen Collaboration
Strengthen supplier relationships and maintain contract compliance.
- Supplier Database: Store and manage supplier details, contracts, and performance ratings.
- Supplier Performance Tracking: Monitor on-time deliveries, quality standards, and vendor responsiveness.
- Contract Management: Keep track of contract terms, renewal dates, and compliance status.
Requisition & Purchase Order Management – Streamline Procurement Process – From Requisition to Order Seamlessly
Automate and manage your purchasing workflow from requisition to final order.
- Purchase Requisition (PR) Creation: Empower departments to raise purchase requests effortlessly. Simplify the process of initiating purchases while maintaining control.
- Approval Workflow: Set up configurable, multi-level approval workflows to ensure every purchase aligns with your business policies.
- Purchase Order (PO) Generation: Automatically generate POs from approved requisitions or reorder levels. Eliminate manual errors and speed up the procurement process.
- Supplier Selection & Comparison: Compare suppliers based on pricing, delivery timelines, and performance ratings. Make informed decisions and get the best value for your business.
Goods Receipt & Quality Check - Ensure Quality, Every Step of the Way.
Ensure high-quality procurement with integrated receipt validation and quality control.
- Goods Receipt Validation: Validate received goods against POs and perform quality checks before updating inventory. Ensure accuracy and reduce discrepancies.
- Returns & Supplier Credit Notes: Manage defective goods efficiently and process vendor refunds or credit notes. Maintain transparency and accountability.
Accounts Payable & Budgeting – Stay in Control of Your Finances
Control financial outflows with automated invoice matching and budget tracking.
- Invoice Matching (3-Way Match): Reconcile POs, invoices, and goods receipts to ensure accuracy and prevent overpayments.
- Payment Scheduling & Processing: Automate payments based on due dates and payment terms. Improve cash flow management and avoid late fees.
- Budget Control & Spend Analysis: Ensure purchases align with budget allocations and analyze spending patterns to identify cost-saving opportunities.
Compliance & Reporting - Stay Compliant, Stay Confident—Transparent Reporting for Smarter Decisions
Stay compliant with financial regulations and gain visibility into procurement performance.
- Tax & Compliance Management: Handle VAT, GST, and local tax regulations effortlessly. Stay compliant with ever-changing tax laws.
- Audit Logs & Approval Trails: Maintain a clear record of all procurement activities, including approvals and changes. Ensure transparency and accountability.
- Procurement Analytics: Gain insights into cost savings, vendor spend analysis, and procurement cycle times. Make data-driven decisions to optimize your processes.
Ready to Transform Your Procurement Process?
Stop wasting time on manual processes and start optimizing your procurement operations today. Talk to an Expert and discover how our Procurement Module can help you save time, reduce costs, and improve efficiency.