Features
Feature-01
Vendor Portal
- Procuregenie’s responsive cloud-based centralized vendor information management repository gives you easy access to well-classified, simple import-export, and compliance-friendly vendor directories.
- Verification of valid PAN, GST, and Bank accounts to confirm a supplier as a legitimate entity avoiding Duplicate entries.
- Classification with HSN/SAC codes of business help you maintain information sanctity.
- Easy and simple to Integrate with the current ERP systems or other legacy systems. Quick and Audit complaint vendor onboarding process.
BENEFITS Of PROCUREGENIE
- Centralized Repository of all vendor data
- Cloud-based centralized vendor information management
- Registration and verification of suppliers
- Reduces the risks of duplication
- Ease of onboarding new suppliers
Feature-02
Workflow Automation
Procuregenie’s workflow Management solution provides increased visibility and control of the procurement landscape with high arrangements, dynamic cycle time tracking, and easy collaboration that facilitates superior workflow consistency.
- Rich workflow engine manages end-to-end procurement process, from requirements to e-payment, and allows setting up business rules on the item and amount
- Significantly improves procurement efficiency by automating administration, eliminating duplication, reducing time-to-procure, and increasing competence.
- Offers a flexible, fully customizable workflow model that can be set at any stage of the event
- Supports integration and includes a data-centric structure for greater insight and control, as well as rich analytics and refined management reporting options
Key Features
- Complete visibility and control on the process.
- Timely response to requirements with swift information exchange.
- Easy access to vital analytics. Time savings on the approval management by prescribed processes.
- Data repository for all interactions and transactions.
PROCUREGENIE BENEFITS
- Process Improvement
Cloud-based workflow engine manages end-to-end procurement process and improves process efficiency. - In-depth Reporting
Monitor & analyse actual v/s estimated event timelines & resource constraints - Financial Visibility
Approve financial objectives and budgets to connect performance metrics with business impacts
Feature-03
RFI Request for Information
- Procuregenie’s cloud-based platform connects teams who need to request information with those who want to respond, in a single digital workspace.
- RFI assists in gathering information from suppliers, which is typically the first step in the sourcing process.
- The evaluation consists of understanding specification items and working out values
- Beneficial when the items being procured are specialized, infrequent, or for the first time.
Feature-04
RFP Request for Proposal
- Gather technical and functional specifications from suppliers and organize data, and find the best vendor while maximizing value and minimizing risk
- Procuregenie’s RFP process is the workflow required to select the right vendor for procurement.
- Our RFPs platform help to ensure that vendor selection is data-based, strategic, and thoughtful
- Users can shortlist suppliers who demonstrate a capability to deliver as per required specifications and efficient timelines.
Feature-05
RFB Request for Bid
- Gather price quotations and automate bid collection and evaluations from your suppliers
- Procuregenie’s well-designed algorithm improves insight and control over bid management, ensuring a hassle-free, simple-to-handle process.
- Item specifications, order information, and contract terms are well communicated with acceptability confirmations on record.
- Create, list, and manage all your bids as per spend category to enhance your bid management strategy and healthy business practices.
- Commercial and technical information divisions allow a list of suppliers in order of best product and best value rankings.
Automate your Request for information, Request for Proposal, and Request for Bid with the Procuregenie cloud-based e-Procurement software
- AUTOMATE YOUR RFIs, RFPs & RFBs
- TRACK & EVALUATE
- SAVE TIME & COST
Feature-06
E-Negotiations Reverse/ Forward Auctions
EMPOWER YOUR NEGOTIATION WITH PROCUREGENIE’S E-AUCTION PLATFORM
- Procuregenie provides innovative auction software to assist organizations of all sizes and to capture the savings generated by this unique negotiation method.
- Our e-auction software is available as a cloud-hosted SAAS solution.
- Our software makes e-negotiation reverse/forward auctions easy to use and allows for quick setup of online auctions with minimal to No supplier/bidder training
- Executing effective forward auction strategies helps businesses in driving down prices through real-time competitive negotiation
BENEFITS:-
- Easy to use and implement
- Real-time negotiation with vendors
- Secure and scalable
- Time-saving and transparent, Audit compliant.
- Manage multiple eAuctions
Feature-07
E - Catalogs
From catalogue to cart – Procurement is as easy as Online shopping
- Procuregenie’s cloud-based procurement solution offers to simplify the e-procurement process by providing a predefined set of products (the catalog) for purchase
- Our e-catalogue offers a simple, easy-to-use B2B eCommerce-style Integration with suppliers’ offerings for the latest products and prices.
- With vendor registration and data integration, product information and pricing can be updated instantly across all catalogs which significantly reduces workload and management overheads.
- Build, track, and manage your e-procurement catalog to reach minimum inventory while ensuring a clear ROI.
Procuregenie Catalogue delivers:-
- Easy, scalable, and secure procurement for users
- Customizable categories with detailed product descriptions
- A centralized library offers complete access via a single browser for fast response
- Place orders using an efficient and automated purchasing platform
Feature-08
Source-To-Order / Source-To-Pay
An integrated Procure-to-Pay solution
- Our Source-to-order/Procure-to-pay are uniquely integrated procurement flows that begin with searching, negotiating, and contracting with a supplier of goods and end with the final payment for those goods.
- Starting with vendor enrolment and pre-qualification, moving on to RFPs to agree on specifications and contract terms, RFQs to agree on price and payment terms, issuing purchase orders and paying invoices until the terms are completed
- Procuregenie’s S2P provides a 360-degree view of the procurement cycle, assisting your organization in increasing spend visibility and improving the overall procure-to-settle process
- Our automated sourcing software contributes cost excellence by helping the organization to save time, money, and resources
Procure-to-Pay Simplify Your Procurement Lifecycle
- Easy to Deploy
- Easy to Learn
- Easy to Use
BENEFITS:-
- Simplify your purchase requisition and order processes
- Active control and maximize spending under management
- Gain complete visibility of your entire procure-to-pay processes
- Streamline catalogue maintenance to save time and resources
- Rapidly enable the approval of new suppliers
- Drive bottom-line savings to maximise the value of sourcing negotiations
Feature-09
Dashboards
A digital overview of your procurement process
- Procuregenie’s smart dashboard visualizes data in easy-to-understand, company-wide procurement and spending charts for users to comprehend and analyze.
- Our dashboard plays interactive assistance to tasks, notifications, to-do, call-to-action, scoring progress, and more with a suit to self-configurable panels.
- Procuregenie offers complete visibility to all the stakeholders from the Sourcing team to decision-makers through interactive dashboards.
- A comprehensive dashboard that provides real-time status updates to fast-track your procurement lifecycle
BENEFITS:-
- Real-time overview of your events
- Timely updates and notifications
- Complete visibility on your Procurement lifecycle
- Measure Lead Time and accurate reporting
- Visualize key metrics