e-Invoicing (EDI/xML)
e-Invoicing
is designed to eliminate manual invoice entry because
the buying
organization and suppliers are linked electronically. Electronic
integration cuts adminstrative costs, leverages supplier
relationships, and increases data exchange accuracy. Electronic
links between suppliers' invoicing systems and your
organization allow invoices to be uploaded and reconciled
without manual intervention, except when the system
catches discrepancies that are outside the tolerance
levels you set.
If you're interested in e-Invoicing, check out these other modules for streamlining accounts payable processes:
Vendor
Connect (Punchout)
The cornerstone of true e-Procurement — Vendor Connect is designed to reduce the overall cost of
business transactions to both vendors and buyers. This is achieved through
tools and services that:
- Increase
company responsiveness
- Decrease
transaction cycle times
- Reduce
data errors
Vendor Connect allows organizations to strategically
focus on planning and analysis of relationships, rather than managing catalog data.
Vendor
Connect allows users to order items from a vendor's Web site and bring them back into ProcureIT for procurement policy enforcement. All
management of this data, previously maintained on the buyer
side, is now distributed to the various vendors. This lowers
your maintenance cost while increasing the quality of the
information.
Verian
offers an innovative approach in order to
overcome the hurdle of system-to-system communication. Though standards exist (cXML, xCBL, EDI,
etc.), there will always be slight differences among vendors.
Verian accommodates these differences while presenting a
unified process to the end-users. The end result is the
ability to take advantage of vendor capabilities with minimal
impact on the user's experience.
Inventory/Materials
Manager
ProcureIT's
Inventory/Materials Manager module allows all staff to
be aware of stock levels and ensures that inventory is optimized. Organizations are empowered with real-time
information that enables them to make determinations based
on reliable data.
Materials managers can
implement Just-in-Time (JIT) practices, thus minimizing
inventory carrying costs. Using the demand forecasting features,
a component of JIT, reorder points and quantities can be
set to trigger automatic replenishment through the seamless integration with Purchase Manager — thus eliminating
the need to overstock inventory.
Key
benefits of the Inventory module:
- Reduces
organizational wide inventory by 20%
- Identifies
build up of excess or obsolete inventory
- Provides
for Just-in-Time practices and automatic stock replenishments
- Integrates
with wireless devices such as barcode scanners
