Solution

PRM360 Procure to Pay Software

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Procure to Pay is the entire lifecycle followed by an organization to obtain material or services required to run their respective business. It can be a very tedious and time consuming exercise for the purchase team of the company chasing vendors, requesting for quotations, and thereafter negotiate on the best offers for selection. The payment processing for the selected vendor can be another long haul involving follow ups for Invoice submission, seeking for Approvals, and other intricacies involved.

PRM360 is the smartest solution to your overall Procure-to-Pay requirement incorporating all these individual processes under one umbrella. With Requirements posted Online, Automatic Quotations received from vendors, and their timely Validation by our smart systems make PRM360 one of the best in the business. The Online Bidding process allows purchase officers to select the best offer under the sun saving almost 5-15% time over others. With Automatic Reminders to the vendor for Invoice Submission, and by seeking Online Approvals for Clearances, PRM360 cuts down on any possible delays in the payment schedule drastically. This not only contributes to vendor satisfaction but eliminates any unproductive time spent by the purchase team on follow-ups. Statistics show that PRM360 users are able to seek 300% ROI over other Procure-To-Pay solutions in the market.

Revolutionize the way you handle procurement

  • Easier Business Flow with existing Infrastructure and Practices
  • Increased Engagement with Sales and Marketing teams for Overall Growth
  • Technical Integration with different Applications
  • Consolidation of Agreements, Contracts and Invoices seamlessly under the Cloud
  • Transparency of Pricing and Tender Details
  • Lower Infrastructure Cost and quick Implementation
  • Faster Turn-around time for Procurement related transactions
  • Flexible and Scalable Solution
  • Detailed Analytics for driving Informed Decisions with Calculated Risks
  • Reduction of Processing Costs to almost 25-50%