If ERP is not ready, start with purchasing management - FAB smart purchasing software
Supply chain management and procurement processes play a pivotal role in optimizing costs and improving business performance. With the development of technology and increasing customer demands, businesses need not only an effective procurement software but also a smart purchasing management system to ensure seamlessness, transparency and optimization in expense management.
Benefits of applying smart purchasing software
- Reduce errors and fraud in the procurement processAccording to a report from Deloitte, up to 25% businesses encounter errors and fraud in the procurement process, causing billions of dong in losses each year.
- Cost control and budget optimization: A procurement management system helps businesses accurately track expenses, thereby building more effective budget plans. Research from McKinsey shows that businesses that apply a procurement management system can save from 5-10% in annual purchasing costs.
- Reduce costs: A report from PwC shows that businesses with a procurement management system achieve cost savings of 10-15% per year.
- Enhanced compliance: According to Deloitte, businesses with automated procurement systems improve process compliance by up to 90%.
- Improve productivity:A study from IBM shows that businesses that implement purchasing management systems reduce the time it takes to process and fulfill orders by up to 30%.
- Optimize supplier selection: Gartner survey shows that 75% businesses with optimized procurement management systems optimize costs and product and service quality through more effective supplier selection.
Full purchasing management system and easy scalability into ERP
The Differentiating Value of FAB Purchasing Software System
Eliminate paperwork completely
- Every business has its own signed electronic document valid with standard and supporting documents.
- Interact via email with suppliers and stakeholders.
- Legal documents are inherited from the previous step to the next step so that the reviewer always has enough information.
Independent and open linkage
- Split from one ERP system module to operate independence should have information connections available.
- Can be expanded into future ERP systems without replacement.
- Interfaces with other systems if required.
Flexible customization
- Powerful platform that can fix any business so you can configure exactly what you need.
- On a separate virtual server environment for each unit, there is no fear of data mixing and no customization restrictions.
- Mobile technology frees up time for leaders to browse anytime, anywhere.
Detailed example of tracking and budgeting up to 3 years, month by month
Three steps to review any transaction using the application
eApprove application on iOS and Android platforms combined with digital certificates
Manage and summarize all work that needs to be approved, review approved work
Full details of a transaction including summary, details and attached legal documents
View each document in detail before signing for approval.
History of pre-approval levels and their execution including approval, return and notes
System deployment options
Deployment at the company
If your company isn't ready to put all of its data on the Cloud, opt for on-premise deployment.
You will rest assured that everything is under control while the company's data system still needs to be secured according to its policy.
Cloud Deployment
The world's general trend is to reduce IT costs and data loss due to lack of infrastructure.
Low initial investment costs and we provide management support if the business does not have IT resources.
We will not charge you if you are not satisfied because you do not see results.
Let's start with the most important yet easiest part and ensure quick success in application.
