Spend Management System
Spend management is the tried and true practice of comprehensively managing all supplier relationships and company purchasing to identify every dollar spent and get the most out of it. Spend management best practices integrate and automate all spend-related activities from source to settle so that buying happens as planned and suppliers get paid in compliance with contracts.
Spend Analytics
You do not need to waste time manually looking through your data for patterns, gaps, and inconsistencies. It is all automated by the Spend Analytics solution, which transforms your data into a powerhouse of information and insight. Data visualization supports better sourcing and supplier decisions.
Category Management
Category Management ensures that purchasers need never lose sight of the big picture and its global execution. The module manages category strategies, actions and workflows based on category -based algorithms; it makes all supplier development activities visible to all stakeholders for complete transparency.
Supplier Management
Supplier Management solution provides a central repository to collect and assess supplier information and documentation, helps you make informed strategic decisions about which suppliers best support your goals, and gives you visibility into supplier performance and development activities with real-time data and analysis.
Sourcing
A robust sourcing solution helps you create events, manage and evaluate
supplier responses, and award contracts more efficiently, typically cutting routine bidding cycle time in half compared with traditional paper-based bid processes. It enables you to identify the right suppliers to support your business goals and puts you on the path towards greater efficiency and savings.
Contracts
It is a complete end-to-end solution that provides full authoring and automated review and approval workflows to reduce risk and increase compliance. It also provides the ability to manage the entire contract lifecycle, including automated alerts for renewals, expirations and other milestones.
eProcurement
eProcurement provides a configurable, guided buying solution that gives buyers a modern, convenient online shopping experience, helping your procurement team to drive your organizational spend towards your preferred, strategically contracted suppliers.
Invoicing
Invoicing solution. It automates all of your AP tasks – collecting, submitting, matching (2- and 3-way) and approving supplier invoices (digital and paper-based) giving you full visibility into organizational spending.
Inventory Management
Inventory Management allows you to fulfill purchase requests from stock on hand, optimize multi-location inventory levels with auto-replenishment, increase fill rates and raise team productivity. Specialized inventory items, such as chemicals and laboratory supplies, are also supported, taking into account requirements specific to your industry and the local legal framework including regulatory compliance, health, safety and environmental issues, etc.
Supply Chain Collaboration
Supply Chain Execution solutions extend the source-to-pay process
for world-class direct materials purchasing. With seamless integration to any ERP system, they improve business efficiency and supplier management activities to support Supply Chain Collaboration, Quality Management and New Product Introduction across all global locations and backend systems.
Quality Management
Supply Chain Execution solutions reduce admin burden with the automation of quality management, supplier collaboration and development action plans, driving unnecessary costs and risks out of your supply chain.