Procurement Project Management
Though minimizing purchase costs, improving performance, and increasing stakeholder satisfaction are key priorities, today's procurement project management must align with finance to deliver better results. Project management is essential as it involves procurement planning, solicitation, source selection, contract administration, and close-outs.
PRM360 is an E-Procurement Project Management Software Solution that offers complete digital transformation across the entire source to pay lifecycle by automating purchase requisition, finance approvals & Data Analytics Validation. Our procurement project management system features rule-based approval workflows and reporting capabilities that can help plan, execute and manage all the projects and realize savings opportunities in the long run..
Requisition Processing
Today, every business wants to make the purchasing process as easy as eShopping. From creating requisitions to sending invoices, the procurement project management software should be intuitive and user-friendly, and users should easily walk through the purchasing process without undergoing any hassles.
PRM360 makes your purchasing process not only simple but also automatically routes the requisitions to the right approvers for creating purchase orders. Our advanced search functionality and automatic email triggers keep users, approvers and suppliers notified about the purchase orders and invoices, eliminating the need for tracking all the time during the Procurement Project Management lifecycle.
Finance Approvals
Businesses expect to have a single point of control for all their spend processes- whether pre-approved requisition, post-approved expense, or unapproved invoice. PRM360's finance management, a procurement project management feature, gives you the intelligence to unlock the value from your payables and invoice management.
The solution helps you to integrate with multiple ERPs and provides an enterprise-wide control in spend management. You can eliminate invoice exceptions, adhere to invoice tax regulations, improve working capital metrics, and minimize liquidity risk in supply chain by leveraging our finance management solutions. All in all, PRM360 delivers complete visibility from source to settle for the more effective supply chain management or procurement project lifecycle management.
Data Analytics
Data management is critical in the procure-to-pay cycle; failing to track supply chain data cannot make informed decisions. PRM360's procurement project management software offers comprehensive supply chain management solutions to help manage data, identify meaningful patterns and generate valuable insights into product, vendor, contract, or logistics data. Our key features include a full range of data management techniques for data capture, error detection, consolidation, and identification of redundancy & inconsistencies.
PRM360's Procurement Project Management software can also integrate with your existing ERP, accounts payable, and other back-office systems; thus, you can automatically synchronize, update, maintain and manage your master data with ease.