Enhanced Vendor Collaboration is possible due to the integration of the solution with a Vendor Portal.
Faster Turnaround time due to digitization of RFQ activity, Quotes submission, PO acceptance, Advance shipment notifications, and Invoice submission.
Better Cost Control through enhanced purchase analytics of key metrics, AI-enabled anomaly detection, and user-definable quote comparison parameters for different purchase categories.
Paperless Purchase Process as it allows vendors to submit all documents electronically, which gets embedded in the system with relevant transactions.
Minimal Possibility for Fraud is ensured through 3-way matching, multi-level approvals, reconciliation engine which helps in compliance with applicable laws and regulations.
Self Service
Framework
Vendors get access to a portal that is configurable. Vendors can view RFQs, submit quotes and invoices, view POs, Payment information and download statement of account
Real-time
interaction
Vendors can message to portal and purchasers can respond through Business Central. Automated alerts, reminders, and notifications
Intelligence in every process
The system highlights anomalies observed in PO sent for approval- Price variation or discounts or terms & conditions.
Vendor Performance Analytics
End to End Digital Procurement process
Integration with Microsoft Teams for online meetings with Vendors
KYC process to keep vendor information updated in the system
Vendor Performance Analysis
Embedded AI through Azure anomaly detection service
Transform your business with Dynamics 365 Business Central. Contact Alletec to explore how this cutting-edge solution can empower your business for sustained growth and success.
