Posted on April 8, 2019 at 10:17 PM
If you are looking for e-procurement software in India to ease communication with buyers and suppliers or you want the cloud-based marketplace, then you need to book an e-procurement software demo of Elitemindz. In this article, we will discuss the step-wise functionality and benefits of e-procurement software.
Manage your all purchasing process through the awarded EM-Procure software. Drag and drop, Dynamic workflows & Role-based access makes it unique from others.
An e-procurement software system manages the evaluation, decision, and arrangement of formal concurrences with suppliers. It is a vital way to deal with improving the company's spending. It administers ongoing provider associations and the momentary buying of goods and services, working with creditor liabilities to complete the source-to-settle cycle by planning supplier invoices for payment.
Basically, the e-procurement software system infers getting your merchandise and ventures from your vendors, inside your chosen budgetary arrangement, either before the deadline and receipt sourcing, demanding, requesting, assessment, and compromise.
The buyer generates a requirement for suppliers.
Suppliers respond to his RFP (Request for Proposal) or Buyer requirements.
The buyer receives a quotation from suppliers.
Buyer holds for the negotiation.
Suppliers will start the negotiation.
The buyer receives the lowest cost after the negotiation.
Then start processing PO for Supplier.
The supplier receives a PO from a buyer and starts processing orders.
Buyer Receive the Order and start processing orders.
Improve the speed and productivity of e-procurement forms.
Make sufficient investment funds to stock the organization.
Improve intra-organization correspondence.
Go paperless and digitize your records.
Betterment in information accuracy.
Give better customer experience.
Better spend permeability and lower costs.
Expands control within e-procurement management.
Systemize the understanding life cycle.
If you want to know the detailed functionality of E-Procurement software, then you need to visit Elite Mindz and Book Your Free e-procurement software Demo, Our Expert team of developers will provide you with the demo to understand the e-procurement Software application.