| Sr. No. |
Module |
Benefits |
| 1. |
Budget Management |
On-line budget tracking for spend management - multi tier matrices |
| 2. |
Vendor Management |
Forced Empanelment ensuring vendor concentration |
| 3. |
Contract Management |
Rate contracts visibility and traceability |
| 4. |
Catalogue Management |
Catalogue based ordering for standard items |
| 5. |
Procure to Pay – Integrated transactions Requisition, Ordering, Receiving, Invoice Matching |
Spend visibility and controls through functional workflows for need approval, procurement workflows for order release, business approvals for invoice payments |
| 6. |
Non PO Invoices |
Limiting and controlling non standard payments to vendors |
| 7. |
Rentals Management |
Visibility and auto pay schedules of rental agreements |
| 8. |
Utilities Management |
Tracking and controlling multi location utilities spend with variance limits and alerts |
| 9. |
Quote Order Management |
Capturing quotes and complying to quotation processes ensures transparency |
| 10. |
Inventory – Non Production |
Consumption control, transfer management and traceability and stock keeping (including charged off items) |
| 11. |
Fixed Assets |
Capitalization and tracking (across multiple locations) |
| 12. |
Invoice Processing |
Auto accounting framework, Verification (Approve / hold / reject), status awareness, reasonable provisioning |
| 13. |
Payment Controls |
Advances, Modes of Payment to Parties / Bank Controls / Pay by location, consolidation, etc. |
| 14. |
Petty Cash Management |
Manage cashiers, limits, category of spend, reconcile balance on hand certificates |
| 15. |
Taxation |
Input Credits – Service Tax, VAT, GST Withholdings – TDS, WCT, ESIC
FBT (Employee benefits) |
| 16. |
Expense / CTC Reimbursement |
Control employee reimbursements in full |
| 17. |
Travel Management |
Travel Policy compliance, travel desk integration and payments (bills and expenses) |
| 18. |
Projects |
Set up project budgets and monitor / approve spend |
| 19. |
Business Intelligence |
Generate on-line MIS / Intelligence at all levels |
