Centralized Procurement System
Basic Overview
- Keeps track of the whole procurement cycle:
- Purchase Request
- Supplier Quotation
- Supplier Selection
- Purchase Order
- Delivery Receiving
- Payment Processing
- Review and Approval control steps
- Automatic Generation of Accounting Entries
- Multi-Company, Multi-Department & Cost Center Support
- User Defined Item Catalog (Categories & Item Types)
- Status History & Search Function
- Comments - users can post comments on any docs
- Notifications on Items that require User action
- Role based security
- Aging of Purchase Requests, Purchase Orders & Payment Requests
Advanced Features
- Budget Module
- Allows set-up of budget per Cost Center
- Flexible Tree Structured Budget Format
- Real Time Budget vs. Actual Reports
- Fixed Asset Management System
- Maintenance Schedule and Actual Maintenance History
- Assignment History
- Set-up of Depreciation Schedule and Automatic Generation of Accounting Entries
- Supplies Inventory System
- Live balance tracking
- Withdrawal
- Adjustments
- Supplier Portal
- Post Purchase Request Items to instantly receive Quotations from subscribing Suppliers
- Send and process Purchase Orders online
- Post comments/feedbacks to Suppliers per transaction