Straight-through sourcing,

purchasing and payment

SRM automatically tracks every step of the procurement process to prevent improper spending.

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provides you with tools to automate your engagement process and monitor supplier performance.

provides you with tools to track and analyze the performance of your suppliers to help control costs, support compliance, and support long-lasting relationships.

provides you the systematic approach of evaluating and classifying your suppliers (e.g., buy-the-market, on-going, partner and strategic alliance) defined in your strategy.

Purchase Requisition is the official document and workflow that formally requests the purchase of goods or services on behalf of an employee or department.

Information such as requested items (and amounts), business justification, requisition date, delivery date, price, payment terms and recommended suppliers (if applicable) are usually required to minimize ambiguity.

Purchase Requisition is one of the first steps in the purchasing process, and it helps organizations maintain strong internal controls and have a better visibility of business spending.

Purchase Requisition ensures that each department gets what it genuinely needs to function effectively. It helps prioritize and communicate demands between departments and the procurement team, ensuring timely acquisition of essential items or services.

provides you tools to formally initialize a sourcing event.

allows you to create the target processes for the different categories of your procurement. This allows you to source the best value that aligns with your long-term goals.

allows you to create the controlled process that asks suppliers to provide sealed price quotes for the chance to fulfill a task or project.

provides you tools to select suppliers and send them formal documents to request for information or bids. 

By allowing buyers to see all bids and compare prices in one place, Reverse e-Auction can eliminate the need to contact multiple sellers individually, saving time and resources for the procurement team.

The competitive nature of reverse auctions encourages suppliers to continuously lower their prices as they compete with one another. Suppliers monitor the information on the closely to gauge the competition and strategically adjust their bids to remain competitive.

All participating suppliers using Reverse e-Auction can see the bids submitted by their competitors in real-time. The transparency fosters a highly competitive environment as suppliers attempt to outbid each other.

Reverse e-Auction encourages suppliers to do their best performance. The competition prompts suppliers to offer lower prices and improve their quality of goods or services to win contracts. This can lead to improved supplier relationships and better overall value for the buyer.

provides you with tools to plan each delivery with your supplier for your order to ensure your delivery requirements are met in a predictable manner.

provides you with tools to conduct acceptance inspections and identify which items are accepted and which items will be returned.

provides you with tools to count space for storing physical products and keep track of their counts for entering/exiting each warehouse.

saves departmental buyer money by preventing duplicate spending, leveraging volume buying, and saving costs associated with paper-based systems.

helps sourcing managers to develop relationships with suppliers and plan, direct, or coordinate the activities of buyers, purchasing officers, and related workers involved in purchasing materials, products, and services.

can play a critical role in supplier management and help procurers by supporting the analysis, evaluation, and qualification of suppliers. It can facilitate the search for the best options that align with the procurer's needs and strategic objectives, ensuring the selection of the most suitable supplier.

plays a significant role in financial management because it ensures that the organization's expenditures on goods and services align with its financial goals and objectives. Financial staff is responsible for setting the budgets and creating spend and revenue reports, and ensure procurement is sticking to those budgets, as well as making sure the items purchased have been received and paid for by finance.

's digital process and audit trail information also helps compliance officers to standardize processes and perform investigations.