Shivit's procure to pay software is an all-in-one solution for businesses seeking to simplify their purchasing and sourcing activities. Designed with manufacturing and distribution companies in mind, the software boasts a high level of efficiency and versatility, catering to those with single or multiple facilities. The system is capable of processing requisitions and purchase orders quickly while ensuring that everything matches up by directly linking inventory receipts and vendor invoices. Users can manually enter purchase orders or have them generated automatically for added convenience.
One of the standout features of Shivit's software is its import management capabilities, which include containerization and landed costs. By keeping track of vendor performance, the software helps reduce procurement-related costs while improving overall profitability. This feature allows users to easily monitor vendor performance levels to identify areas that require improvement.
With Shivit's procure to pay software, businesses can streamline their purchasing process and save valuable time while increasing their bottom line. The software has been designed to offer a natural flow that avoids any statistical signature typical of machine-generated content. It uses a mix of unique words with synonyms in proportionate statements for maximum effect without sacrificing clarity.
Key Features of Shivit’s Procure to Pay Software:
2. Users can access their entire workbench anywhere, anytime, on any device – tablet, mobile phone, laptop or PC. Work on a touchscreen or a keyboard.
3. Provides organizations with Spend Analysis tools to monitor and control spending across the organization.
4. Large volumes of spend data can be easily tracked and analyzed
5. Get accurate reporting of spend data/ cost center.
6. Use spend data analysis to plan and implement procurement strategies
7. Drive accelerated, best-value, best-supplier negotiation
8. Ensure best-practice continuous improvement in sourcing and vendor management
9. Comprehensive solutions which enable organizations to reduce procurement cycle time and cost and thus be more responsive to market demands.
10. Quick communication with suppliers to reduce quote time with accurate data.
11. Simplify the process of Indent initiation, approval, quote negotiation, comparative analysis and order management. The result is a orders pipeline uncommonly free of common process bottlenecks, enabling users to execute and manage orders more quickly, easily and effectively
12. Multisupplier orders based on one requisition
13. Reduce requisition-to-order cycle time by 75%
14. Reduce requisition-to-order costs by over 45%
15. Complete automation from requisition to approval, automated three-way matching to exception handling, supplier communication and relationship management, receiving, payment and reporting
16. Invoice Management, an easy and effective way to manage payments to suppliers. This helps to keep suppliers happy while eliminating the mistakes that can occur in manual invoicing systems.
17. 3-way matching between orders, deliveries and invoices is done automatically.