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Driving relevant, efficient, timely, and compliant standard or fast tracked procurement processes, through your approved suppliers, will not only facilitate savings but will also ensure that all related transactional flow activities are kept transparent, during your Procure to Pay cycles. Our process flows can leverage mobility to enable faster approval reviews, with full compliance being achieved by using either simple or complex routing workflows that can be varied to include multiple parties based on seniority, amounts involved or type of product. Supplier risk management can also be undertaken through a full understanding of other historical operational matrices, such as the number of providers for a particular item, quality of product and past performance in timely delivery of ordered goods.
Benefits:
- Supports stock, non-stock and service based orders
- Enables management of sourced (RFQ), non-sourced and off catalog items
- Facilitates automation of Accounts Payable with visibility and compliance
- Provides history for improved volume discount contract negotiations
- Facilitates supplier rationalization based on performance history
- Provides the ability to define preferred suppliers based on granular information
- Supports staff self-service
- Helps identify duplicate transactions and unusual patterns relating to number of invoices compare with number of purchase orders
- Provides for e-banking settlement
- Optionally supports encumbrance accounting
Features:
- Simple and complex workflows for expenses and procurement
- Payables reconciliation, actual compare with planned expenditure and accruals
- Powerful analytics and reporting capabilities
- Facilitates understanding relating to cash flow impacts
- Supplier scorecards
- Preferred supplier management i.e. location, experience, performance & payment history
- Aggregates purchase requisitions to leverage preferred suppliers
- Embeds your standard terms and conditions
- Allows for update of Inventory and Fixed Assets
- Supports appended multi-media files
FESA Enterprise Solution
There is a full range of software applications under FESA Enterprise Solution working with you:
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Expense Management
Manage staff travel and entertainment (T&E) expenses |
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Ledgerbase
Optimization of Management Accounting |
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