Purchase Management
These processes (such as purchasing, accounts payable, and travel and entertainment) are typically highly manual with few controls and no end-to-end process. Making payments efficiently cost-effectively and accurately is pivotal to every well-managed finance function. For this purpose, we need to control corporate spending. Manual purchasing processes are time-consuming and often lead to supplier account problems, over-budget spending, and an ever-growing number of suppliers.
Benefits
With our purchasing management module, we cover all kinds of transactions needed for a company's purchase process from managing suppliers, quotations, and purchase orders, to incoming shipments. Clients can open purchase demands for required materials or services, request quotes from merchants, save price information from their sellers to the system, and create agreement documents with their sellers where necessary through this module. We work with customers in a wide assortment of contracting roles ranging from providing assistance with a particular project to filling a full-time job.
Purchase Management Delivers Following Workflow Process
The Creation of a Request to Buy
Formal Purchase Process
Real-Time Budgeting at Request
Automatic Purchase Order Generator
Optional Reception Of Goods And Services
Invoicing Capture and Receipting
Automatic Posting to the Ledgers
Capturing Request and Release for Payment
Sales Management
We enable our clients to measurably improve and manage their sales management cycle from start to finish. Our highly flexible and customizable order-to-cash solution helps customers to choose from a full solution or start with a subset of processes, business units, or locations.
Our Approach
Our order-to-cash approach addresses the entire process from order capture to error handling to revenue collection, enabling us to deliver fast and error-free services to our customers. Our approach helps you enjoy measurable performance improvement, giving you everything you need to roll out new offerings and support complex services more efficiently.
World Class Technology Platform
Best Workflow Process
Agents in Collection and Dispute Resolution
The automated workflow process
- Create invoices for payment requests
- Invoice dispatch/request for payment of invoices to customers
- Initiate follow-ups with customers against payment
- Maintain follow-ups and send reminders to customers
- Resolution/escalation of customer inquiries
- Collections
- MIS
Key performance indicators for our service delivery centers
Control over DSO days through capture and reduced process gaps.
Timely resolution of queries posted at Help desk with a Log record.
Maintenance of MIS in
prescribed format.
Financial Reports
Our order-to-cash services allow companies to outsource time-consuming accounts receivable activities and reallocate their accounting resources to higher-priority tasks. We pride ourselves on our ability to provide a level of service that exceeds industry norms in many key performance metrics, including order accuracy.
- Less working capital associated with receivables
- Reduce operating costs and increase cash flow
- Improved customer satisfaction
We integrate and manage the processes such as order management, credit management, billing, collections management, dispute/withdrawal management, cash applications, and financial reporting and analysis.
