Automating procurement
Take the waste out of indirect procurement
Improve your purchasing process in SAP
Streamline and simplify requisition routines
Automate the generation of purchase orders
Automate invoice processing
Save a bundle in accounts payable
Make a short-list of approved suppliers
Save with automation
Negotiate better deals and save even more
Several independent surveys report that ad hoc purchases represent a third of the average company’s total procurement. A large part of these are “Maverick” purchases, done without guidelines and outside of existing agreements. This is expensive, increasing procurement costs by as much as 35%.
We'd like to help you cut these unnecessary costs and put the money back where it belongs: your bottom line.
Optimize your supplier list
Selected suppliers and negotiated contracts will significantly lower your costs for indirect procurement.
Automate your PO generation
Effortless conversion into SAP® purchase orders or SAP purchase order requisitions.
Work through your browser
Easy access for authorized users. Of course there is also an interface for SAP users.
Increase your PO ratio
A larger percentage of PO-based supplier invoices will simplify your AP process and lower your costs.
Automated purchasing processes provide a cost-efficient way to manage and control your organization's requisitioning, approval, and ordering. Our solution offers significant process improvements to both product/catalogue-based purchasing as well as essential service-based procurement, for example, maintenance, travel, cleaning services, telephone services, corporate security etc.
ReadSoft's automated procurement solution brings significant gains to your organization:
- increased visibility and process control
- shortened time to sourcing savings
- increased spend control and compliancy
- the ability to leverage contracts for efficient purchasing
- the opportunity to negotiate corporate expenditure discounts
How it works: Requisitions are sent for review and approval using multi-level review and approval workflows that are easily adapted to meet your company policies. Once a requisition is approved in accordance with your purchase policy rules, an electronic order can be created automatically or by a professional buyer.
- Rely on built-in best practices to provide ease of use, a high level of automation, and an overall compliance with policies and contracts.
- The Audit trail functionality documents the entire process provides total visibility of the process.
Scope
Any authorized person can create a purchase order requisition for any authorized item through an easily used web connection that also provides approval workflow and SAP purchase order generator.
Automation areas
All organizations with an SAP ERP.