eProcurement

Good Receive Note (GRN)

Two-way electronic document acknowledging delivery of goods by a supplier and their receipt by a customer.

Get to know more about Good Receive Note

The GRN is a document that acknowledges both the customer's receipt of the goods as well as the supplier's delivery of them. Goods received the note, also known as a GRN or goods receipt note, is an important data point in the procurement process. This document assists the customer in comparing the goods received again... Read More

Records of Goods received

The record of items received can be used as a future reference for operations such as resoRead More

Examining the received goods

GRN aids in verifying the quantity and quality of the goods the buyer has received. It is Read More

Inventory Level

TechnoRishi eProcurement GRN assists in the monitoring of inventory levels, which helps toRead More

Accounting Assistance

The Goods Receive Note can be used by accountants for updating the stock ledger and verifyRead More

Supplier data

TechnoRishi’s Procurement Good Receive Notes solutions keep track of information about supRead More

Effectiveness

Make sure the purchasing process is efficient with TRCPL - GRN and an automated system toRead More

Feature List

“The Goods Received Note (GRN) is a crucial document for businesses that is essential to the accounts payable procedure. Businesses can prevent long-term liabilities with the help of this easy document. Using an automated TechnoRishi GRN ensures that the procurement process runs smoothly. Details of the delivered goods are recorded in the form Good receive note. This information is useful for processing payments and analyzing the vendor's performance.”

Enhance Productivity

A GRN includes several crucial elements of documentation. It can assist you to manage your inventory to satisfy company demands while also ensuring the quality of your products. Your accounts payable and procurement processes can both be streamlined with a GRN. A Goods Receive Notes aids in improving efficiency during the procurement process's delivery stage.

Advanced shipping notice (ASN)

Whether total or partial receipts for short-shipments, quality issues, or backorders in the TechnoRishi Procurement GRN module you configure your workflow for all scenarios. In advanced shipping notice (ASN) suppliers can use “draft” receipts as ASNs or use workflow to minimize the re-entry of data.

Inventory Management

Goods received notes are used for managing inventory and maintaining an accurate stock of warehousing quantities as deliveries are made. In addition to enabling businesses to keep track of inventory levels, the goods received note assists clients and suppliers in creating and maintaining a valid and enforceable relationship. GRN serves as a declaration that a company has received the requested materials.

Goods Validation

Invoices are verified with purchase orders and good receive notes to validate that the customer requested a specific quality and quantity of goods, that the supplier delivered on that request, and that the supplier is billing for the delivery at the Justified quantity and pricing per contract conditions.

Documentary Evidence

The goods received note (GRN) is the official documentation of the delivery of the goods. With our eProcurement GRN, you may digitally preserve all your data as official documentation that accountants can use to keep accurate account balances. To make proper payments, GRN is also used to reconcile supplier invoices with the products delivered.

Easy Tracking

TechnoRishi automated Goods Receive Note (GRN) helps to keep track of received inventory data and ensures that the right quantity is always available. You can easily manage and track all vendor data in one place. You can keep an eye on the procurement process.

Saves Time

Your account team can determine the expense by consulting the TRCPL - GRN; they are not required to frequently visit the warehouse. Similarly, the supplier can quickly generate an invoice by using the GRN.Thus, a GRN can assist you in maintaining a record of your goods and services as evidence to prevent discrepancies in the long term.

Invoice Generation

TechnoRishi automated GRN notifies suppliers that their team delivered the merchandise without any problems or product damage during delivery. Additionally, suppliers can begin creating their invoices as soon as they receive a GRN.

Accounting

For the accounting teams, GRNs are a benefit. They can confirm purchase entries in the stock ledger and inventory balances. Without having to contact the warehouse or management for information about the purchase process, GRNs supply all the crucial financial details.

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