Procurement
Driving relevant, efficient, timely, and compliant standard or fast tracked procurement processes, through your approved suppliers, will not only facilitate savings but will also ensure that all related transactional flow activities are kept transparent, during your Procure to Pay cycles. Our process flows can leverage mobility to enable faster approval reviews, with full compliance being achieved by using either simple or complex routing workflows that can be varied to include multiple parties based on seniority, amounts involved or type of product. Supplier risk management can also be undertaken through a full understanding of other historical operational matrices, such as the number of providers for a particular item, quality of product and past performance in timely delivery of ordered goods.
- Supports staff self-service
- Helps identify duplicate transactions and unusual patterns relating to number of invoices compare with number of purchase orders
- Enables management of sourced (RFQ), non-sourced and off catalog items
- Provides the ability to define preferred suppliers based on granular information
- Facilitates supplier rationalization based on performance history
- Provides history for improved volume discount contract negotiations
- Supports stock, non-stock and service based orders
- Facilitates automation of Accounts Payable with visibility and compliance
- Optionally supports encumbrance accounting
- Provides for e-banking settlement
- Simple and complex workflows for expenses and procurement
- Payables reconciliation, actual compare with planned expenditure and accruals
- Powerful analytics and reporting capabilities
- Facilitates understanding relating to cash flow impacts
- Supplier scorecards
- Preferred supplier management i.e. location, experience, performance & payment history
- Aggregates purchase requisitions to leverage preferred suppliers
- Embeds your standard terms and conditions
- Allows for update of Inventory and Fixed Assets
- Supports appended multi-media files
There is a full range of software applications under FlexSystem Enterprise Solution working with you:
