Spend Management Software

Automating the Source – to – Pay Process

Download PDF
ProcurePort SMS

What’s in it for You?

  • Security
  • Controls
  • Visibility
  • Contract Compliance - Reduce Maverick Spending
  • Electronic Processing – No Paper
  • Inventory Management
  • Outsourced Labor for Storeroom Management
  • Payment Processing - Consolidated Billing
  • ROI Less Than 12 Months
Security
  • User Name and Password Protected
  • 128 Bit Encryption
  • No Penetration of Customer Firewall Required
  • Triple Redundancy
  • Code Escrowed
  • Internal and External Back Up
Controls
  • 25 User Specific Controls
  • - Spend Levels

    - Visibility of Information

    - Authorization to Purchase

    - …more

  • 23 Organization Level Controls
  • - Budget Codes and Amounts

    - Receiving Rules

    - Inventory Management

    - …more

Contract Compliance

Reduce Maverick Spend

  • Track Effective Dates
  • Populate Purchase Orders With Contracted Price
  • Controls Available to Allow Only Designated Persons to Buy Outside of Contracts
  • Reporting Available to Measure Contract Savings
Visibility
  • 44 Standard Reports
  • Custom Reports Available
  • Electronic Processing
  • - All Communication is Tracked with Orders, providing end-to-end Transaction Audit

Electronic Procurement
  • Electronic Purchase Orders
  • Electronic Approvals
  • One Document™ Eliminates Discrepancies
  • Email Notifications
  • Electronic Payments
  • Electronic Visibility of all Reporting
Inventory Management
  • Receipt Tracking
  • Issuance Tracking
  • Consignment Inventory Tracking
  • Capital Inventory Tracking
  • Costing of Inventory
  • Automated Reorders/Company Defined Reorder Points
  • Asset Tracking
Storeroom Management
  • Track and Maintain Inventory
  • Place Purchase Orders for Product & Services
  • Issue Product
  • Receive Product
  • Put Away Product
  • Cycle Counting
  • Run Weekly Reports for Management
Payment Processing

Consolidated Payments

  • One Invoice per Week for All Supplier Payments
  • NACHA Compliant for Automated Clearing House (ACH) Transactions
ROI
  • Less than12 Months for Most Companies
  • Reduce Supplier Payments to One Per Week
  • Eliminate Manual Three Way Matches
  • All Electronic – No Paper
  • Reduce Maverick Spend
  • Increase Contract Compliance
  • Increase Policy and Procedure Adherence
  • Real Time Financial Reporting
Suppliers

What’s in it for them?

  • Reduced Paperwork – No Invoices
  • Negotiated Pricing – Reduced Quoting
  • Real Time Visibility
  • Direct Communication with Buyer
  • Adherence to Payment Terms
  • Electronic Payments – No lost checks
Supplier Onboarding/Training
  • Supplier Symposiums
  • Phone Training
  • Accounts Payable Information Packet
Suppliers

How Suppliers Receive Orders

  • Platform Integration to Supplier Back office
  • Supplier logon to the SMS Platform
  • Email
  • API Integration
Customer Service/Support
  • Live Customer Support ( 24 x 7 )
  • Chat & Ticketing System
  • Dedicated Client Account Manager
All Inclusive Pricing
  • All Modules Included (Spend Management & e-Sourcing)
  • Unlimited Number of Vendors
  • Payment Processing Included
  • Unlimited Premium Support
Questions?

Email: sales@procureport.com


Phone: 866-643-8153


Web: https://www.procureport.com

About ProcurePort

ProcurePort is a global leader in providing spend analysis services. Our experienced team of sourcing processionals can assist with successfully executing your spend management project. Identify cost saving opportunities by leveraging ProcurePort’s On Demand spend analysis solutions.