e-Procurement

 
  • Save processing time and centralize purchase requisitions, purchase orders and invoices
  • Improve control and management of spend by using validation workflows and budget monitoring
  • Realize potential savings identified in signed contracts

The e-procurement suite is composed of 5 modules that allow the management of different stages of the procurement process: from importing supplier catalogs to invoice processing, including purchase requisitions management, purchase orders and deliveries.

The user has a single entry point to the application to issue a purchase request for listed or unlisted products, or for the procurement of services.

In addition to the efficiencies gained over the entire procurement chain, Ivalua’s e-procurement tools contribute to better control of spend by assigning purchase requests to the best existing contracts and by applying an appropriate validation workflow as well as budget monitoring.
Purchase requisition grouping functions allow buyers to aggregate purchases created by disparate requests and to launch an appropriate e-sourcing event (RFx, auction, etc.) for suppliers to meet the needs of requisitioners while obtaining the best price for goods.

The e-Procurement function is organized around the 5 following modules:
Catalogs
With its powerful ETL tool, Ivalua Buyer allows the automatic uploading and integration of supplier product catalogs, regardless of their original format. The catalog that is generated groups together all of the products and services referenced from multiple suppliers in the same database.
  • Multi-criteria search engine
  • Supplier catalog import and update with error management
  • Product descriptions with comparison tables
  • Obsolescence management, by product / contract
  • Characteristics, options and substitute products
Budgets
  • Budget loading function
  • Budget management by fiscal year, cost center, organization, project, etc.
  • Analysis of a budget line item using different categories: Organization, cost center, project, the GL account, fiscal year
  • Budget line spend analysis based on progress status (budgeted, negotiation, contracted, invoiced)
  • Configurable alerts in case of budget overspend
Purchasing requisitions/Orders
The Purchase Requisition module and the Orders module are used to manage the entire purchase requisition cycle, from the choice of a cataloged (or uncataloged) item to the creation of the purchase order.
  • Multi-criteria search engine for purchase requisitions and purchase orders based on the user functional area
  • Purchase requisitions account for multiple costs, multiple suppliers, and multiple delivery sites
  • Configurable validation workflow based on the type of purchase requisitions
  • Creation and distribution of company-specific custom purchase order forms
  • Automatic cost category assignment based on the user profile on the type of purchase
  • Tracking of the indicators "Projected Expenses" and "Contracted expenses"
Goods Receipts
  • Multi-criteria search engine for receipts
  • Creation of total or partial receipts
  • Configurable validation workflow
  • Multilple charges to the budget at fulfillment
  • Tracking of contracted expenses based on budget categories