reduce the cost of buying - pe.fourthhospitality.com · • elimination of maverick buying •...
TRANSCRIPT
Procurement
Reduce the cost of buying while rationalising your supplier base
M O D U L E
Vendor and cataloguemanagement
Online catalogue enables all purchases to bemade against current prices and manages the range of products any individual canpurchase from.
Provides…• Improved purchasing compliance and
guaranteed rebates• Easier vendor performance monitoring
through reporting • Elimination of maverick buying • Control of pricing by exception• Automatic loading of products and prices,
reducing manual input to a minimum
Budgets and flexible workflow
Provides a comprehensive and easy to useauthorisation process, giving instant access toup to the minute spend vs budget information
Provides…• Greater control through online real time
spend vs budget • Elimination of unreliable labour intensive
paper-based processes • Flexibility and easy tailoring to support
individual company requirements
the trade simple procurementmodule is a powerful online tool that allows you to manage all the spend throughout your organisation. It
facilitates tight control of all purchases, deliveries and invoices for
all vendors including services, utilities and non-catalogue items.
procurement
features include:
Online document storage
Central shared storage of scanned documentsrelated to transactions
Provides…• Immediate access to scanned images of
paper documents• Elimination of emailing/faxing of
document copies• One version of the truth
Ordering of ‘one off’ items
Enables ordering of non-catalogue items andservices such as flowers for staff occasions,tradesmen work or any other additionalservices or products.
Provides…• All orders to be placed and managed from
central repository• Ability to add descriptive information
on purchase orders which enables easierinvoice matching
• Reduction in overall cost of ordering byeliminating confusion and erroneous deliveries
Transaction audit logs anddiary system
Easy to access shared depository of all orderlog and diary entries related to transactions
Provides…• Clear audit trail of all events and interactions
related to all purchases • Shared diary system creating company-wide
visibility of all transactions
Comprehensive managementreporting
Both standard and tailored reporting isavailable to meet all needs.
Provides…• Real-time visibility of all spend commitments,
accruals and actual, meaning there are noholes in your accounting
• Greater management control of spend vs budget
• Vendor performance reporting enabling you tomonitor whether your vendors are deliveringagainst promise