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.
Definable charge types specifying their unit of calculation and additive /deductive
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.
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.
Document registers for
maintenance of day-to-day
Information System to facilitate
decisions on supply and delivery
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
Purchase order revision, delivery schedule, and association of terms and conditions.
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
True Workflow based system.
In built Mail system.
Alerts can be set in the system to
monitor exception activities or
Ensures people access only the
information they need and are
authorized to access.