Benefits

1. Cost Efficient - It helps in controlling costs by optimizing procurement processes, negotiating better deals with suppliers and minimizing excess inventory.
2. Efficiency and Productivity - Automates routine tasks from manual tasks and focuses on core business activities.
3. Improve Budget Management - Prioritize spending based on an approved allocated budget.
4. Improve Vendor Management - Facilitates better relationships with accredited suppliers through streamlined communication, performance tracking, and timely payments.
5. Simplify Order Management - Automate order placement and tracking, streamlining the procurement process and reducing manual effort.
6. Automate Request Management - Eliminate manual tasks and ensure timely procurement of goods and services through automated requisition processing.
7. Inventory Control - Ensures optimal levels of inventory by tracking stock levels in real-time, reducing the risk of stockouts or overstocking.
8. Compliance and Risk Management - Ensures internal policies compliance, minimizing risks related to procurement and inventory management.
9. Reduces Irregularities - Minimize fraud and irregularities in the transactions processes.
10. Data Visibility and Analytics - Provides insights through reports and analytics, helping in decision-making and continuous improvement.