Purchasing Management
- Document based management of the
entire purchase cycle starting from Purchase Requisition to Bill Passing.
- Definable multiple types of each class of document to manage variations in process
flow of different types of materials and services.
- Minimises data entry work using reference documents and menu dropdowns.
- Online Authorization of Documents in a workflow based system.
- Documents and Reports can be printed and saved in various formats.
|
Procurement pricing
- Definable charge types specifying their unit of calculation and additive /deductive
property.
- Definable charge schemes specifying predetermined sequence of charges that will
be applied in the pricing process.
- Account assignment with charges supporting integration with financial accounting.
|
|
|
Vendor management
- Maintenance of source list of vendors for each of the materials and services with
automatic updation and amendment.
- Vendor Rating as per user definable criteria.
- Maintenance of vendor masters specifying purchase agreements, conditions of delivery,
average annual purchases,
credit terms and payment period.
Reporting
- Document registers for
maintenance of day-to-day
transactions.
- Comprehensive Purchase
Information System to facilitate
decisions on supply and delivery
schedules
- MIS reports for periodic review.
- Line item tracking of each material
in the procurement chain.
|
|
Managing Purchase Life Cycle
- Linkage of multiple purchase products with single inventory item.
- Creation of Purchase requisition documents manually as well as automatically by
the Material Requirement Planning Process.
- Quotation Comparison functionality enabling informed choice among vendors.
- Creation of Purchase Orders, based on Purchase Requisitions, Purchase contracts
and Quotations
- Purchase order revision, delivery schedule, and association of terms and conditions.
|
Reports
-
Comprehensive bill passing procedure through invoice document enabling amount verification
and payment processing
- Partial and subsequent bill passing for supporting Freight
bills and Service Bill Passing etc.
|
|
|
- Automated verification of prices
from Purchase order and Goods
Receipt Document to ascertain,
discounts, promotional offers,
taxes and levies.
- Automatic creation of Purchase
Voucher on authorization of an
invoice, and its payable entry
mentioning due date.
- Integration with payable
management for automatic
payment of due invoices.
Standard Reckoner Features
- Online Authorization of
Documents
- True Workflow based system.
- In built Mail system.
- Alerts can be set in the system to
monitor exception activities or
events.
- Ensures people access only the
information they need and are
authorized to access.
|
