Whether you are a manufacturer or a distributor, purchase process has evolved itself into a complex closely related set of processes. In addition to handling the transactional needs, every business needs a systematic approach to managing the procurement process, right from vendor selection, requesting vendor quotes, to creating purchase requests and paying vendors.
An ERP plays a significant role in the efficacy of handling your procurement processes. SAP Business One now makes it possible for a Small and Medium Business to streamline, improve and save time by inducing the best practices and simplifying procurement process. SAP Business One helps manage the complete order-to-pay cycle, including receipts, invoices, returns, and payments. Integrated reporting tools let you easily compare suppliers and prices to negotiate better deals and identify opportunities for cost savings.
SAP Business One helps you to-
Procurement – create purchase requests, POs, and goods receipts; link purchasing documents and view document trails for audit purposes; and manage returns, additional expenses, and multiple currencies.
Master data management – manage detailed data in a user-friendly interface, view account balance and purchase analyses, and maintain detailed item purchasing information with price lists and tax information.
Warehouse and accounting integration – achieve realtime synchronization of goods receipts and inventory warehouse levels;
Process accounts payable invoices, cancellations, and credit memos with a PO reference; plan your material needs; and schedule your purchases accordingly
Easier, up-to-date reporting – generate reports with real-time data and display them in various report formats or dashboards.
Take a look at the demo to explore the capabilities of SAP Business One!