A digital supplier portal for customers is an integral part in our effort to digitize and streamline all the processes within their supply chains.
01 Purchase Requisition (PR)
02 Purchase Order (PO)
03 Advanced Shipping Note (ASN)
04 Goods Receipt Note (GRN)
05 Quality Check
06 Invoice
07 Invoice
08 Payment
These are traditionally painstaking, manual processes, executed by separate teams. Due to the fragmented nature of operations, there is a lengthy time gap in each step of the cycle, which cascades into several weeks of delay.
Additionally, it is a cumbersome process for both buyer and supplier to map exactly where the ticket is stuck. The time taken from Purchase Order to Invoice matching, which, if automated shrinks timelines significantly, takes several weeks, leading to frustration for the suppliers. The delay also eats into suppliers’ credit periods, deterring them from getting access to any kind of financing.
01 Supplier onboarding – Onboarding suppliers onto buyers’ systems and their journey from Purchase Requisition to Payment is tedious
02 3-way matching – Mapping the stage of the supply chain process at which the ticket is stuck has been a historical pain point
03 Reconciliation – The reconciliation process has traditionally been manual and riddled with frequent delays
04 Compliance and Audit – Statutory compliance and audits require backups and once again involve manual interventions
05 Time spillage – Opaque processes hinder visibility, leading to months of time spillage in some cases
The entire process from Purchase Requisition to Payment gets 100% digitized and automated
The platform enables companies to streamline all processes
The platform enables all stakeholders to map the journey of each ticket from Purchase Requisition (PR) to Payments
The platform provides transparency, creating an environment of accountability
Accountability in turn, encourages teams to be pro-active and improves the speed of processing exponentially
A smart compliance and risk engine enables asset-light regulatory compliance for anchors
The platform eliminates the need for manual intervention thereby significantly reducing the fixed manpower cost required to manage the earlier process
The fixed cost reduction along with significant improvement in operational efficiency leads to a witnessed EBIDTA increase for our clients