eProcurement Software
TechnoRishi Procurement Management System (eProcurement) assists organizations in automating and streamlining their procurement processes. This system assists organizations in lowering costs, increasing efficiency, and increasing transparency in their procurement activities.
It also gives them more control over their spending and allows them to make more informed decisions based on real-time data. An eProcurement Solution's capabilities include managing suppliers, creating, and distributing orders, receiving goods, and tracking invoices and payments.
eProcurement Software Modules
Procure to Pay
Automates and streamlines the end-to-end procurement process and improves decision making.
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Requisition Management
Minimizes the hassle of making multiple purchases from various suppliers and stores all request in one place.
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eRFX
Organize all your requests such as Requests for Information (RFIs), Requests for Quotations (RFQs), and Requests for Proposals (RFPs).
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eSourcing
Easy to find the right suppliers for your business through best-in-class, easy-to-use, and intuitive sourcing tools.
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Contract Management
Manage your contracts, collaborate with your stakeholders, save money, and reduce risk with digital contract management.
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Supplier Management
A self-service web portal that helps suppliers simplify their business processes, also saves time and money.
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Catalog Management
Streamline and automate the Catalog Maintenance Process to deliver the best user experience.
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Purchase Order Management
Increase your profitability and effectiveness by streamlining, organising, and enhancing your purchase order management.
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Good Received Note
An electronic document that acknowledges a supplier's delivery and a customer's receipt of it.
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Invoice Management
Streamlines the workflow from the approval process, PO, and Payment by using eInvoice application.
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Payment Management
Automates supplier payments and optimizes your organization's AP procedure by using TR Payment Management tool.
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Budget Management
Manage budgets effectively and plan purchases for continued development and achievement.
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TechnoRishi eProcurement Solution can offer Several Benefits to Businesses
Time and Cost Savings
TR eProcurement solutions automate manual procurement processes like requisitioning, approvals, and purchase order creation. This can help businesses save time and money by eliminating paper-based processes.
Improved Accuracy
TRCPL eProcure solutions reduce the risk of errors and discrepancies in the procurement process. This can improve the accuracy of orders and invoices, and help businesses avoid costly mistakes.
Increased Transparency
TechnoRishi eProcurement Solution provides businesses with real-time visibility into the procurement process, allowing them to track orders, monitor spending, and identify potential issues before they become issues.
Enhanced Compliance
By automating approval workflows and audit trails, TechnoRishi eProcurement Solution can assist businesses in complying with regulatory requirements. By doing so, businesses maintain integrity and transparency.
Reduced Risk of Fraud
TR eProcurement Management Systems help businesses mitigate fraud risks by providing secure login credentials, multi-factor authentication, and access controls. By doing so, you can reduce fraud risk and prevent unauthorized access.
Better Supplier Management
TechnoRishi Procurement Solution provides businesses with a centralized platform for managing suppliers, allowing them to easily compare pricing, track performance, and identify opportunities for cost savings.
