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Uncovering Procurement Excellence

A definitive to solve your procurement issues
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7 Best Procurement Software in 2020 Can Skyrocket Your Business

When talking about the Procurement software, it can be categorized as one of three sections.

There are ERP (enterprise resource planning) systems, which are perplexing systems intended to help organizations manage everything in the supply chain. Next, there is accounting software that individuals use to monitor POs, giving up a robust procurement suite for all-in-one convenience. Third, there is purchase order software.

Procurement software varies about functionality, pricing, and technology. The right solution helps businesses to manage budgets, diminish costs, and increase transparency in the spending process and approvals.

The main goal of procurement solutions is to handle and ease all communication between the stakeholders, such as buyer, originator, category manager, vendor, approver, supplier, and receiver, at each transactional stage.

Basic Features of Procurement Software

Procurement software can transform a well-researched sourcing procedure into effective purchase orders (POs) through easy to understand processes. This enables control non-payroll expenses and therefore aid positive asset management in the long run. After opposite sales, which can happen through open offers or multi-round private offers, the demanding stage starts. Also, the supplies are purchased through the system's electronic buying capacities. Once the order has been finished, the software identifies receipts for the approval of invoices and reconciliations.

Benefits of Procurement Software

Let's understand the main benefits of using procurement software:

  1. You can easily collaborate and share internally
  2. Collaborate and share with vendors on a single platform
  3. You can standardize the process of procurement within your association
  4. Monitor events and receive alerts - this function is helpful for risk management
  5. Investigate the business intelligence information to gain insight into the procurement process so that you can estimate and plan accordingly.
  6. Minimize operational and logistics costs.

Top Procurement Software in 2020

1. SAP SRM

SAP SRM offers you with inventive techniques to manage your business processes alongside your key suppliers. It comes with effective features like centralized contract management, operational reporting, catalog management, and more. The SAP SRM solution handles the entire procurement cycle with ease.

2. TYASuite Supplier Management Software

TYASuite Procurement to Pay (P2P) is the best alternative to SAP and No. 1 cloud-based software suite that handles everything when it comes to your procurement process, from PR to Quotation, bidding, purchasing and supplier payments. The platform allows Businesses (B2B or B2C) streamline to provide more control, visibility ensures accuracy and consistency from start to end.

3. Tradogram

This user-friendly procurement solution with detailed features to oversees processes like purchasing, sourcing, spend control, and vendors. It guarantees you get products and services at reasonable prices without compromising quality. The platform additionally incorporates modules for inventory tracking and reporting.

4. NetSuite

NetSuite is another leading cloud ERP solution. Created to scale with your organization as it evolves and transforms, NetSuite enables you to automate operations, effectively streamline mission-critical processes, reduces IT costs and complexity, and enhance real-time control and visibility with built-in business intelligence across your business in one single platform.

5. Procurify

Procurify is a cloud-based procurement software that allows creative and dedicated team to manage their whole procurement cycle right from order to pay without any issue. This solution is also known for its easy to use features. No training is required to understand how to use this platform.

6. SAP Ariba

SAP Ariba is a cloud-based procurement software suite that helps businesses to interact with their trading partners whenever and wherever. It involves a superb contract management module, which is easy to handle procurements, internal agreements, sales, and IPs. It simplifies the whole lifecycle from inception to renewal.

7. Kissflow

Kissflow provides you the #1 Procurement cloud service that is flexible and has purchasing to vendor management, all in one single platform. It has everything including Purchase Requisition, Purchase Orders, Vendor Management, Analytics, Purchase Invoicing, and Integrations.

Get to Know Every Product with A Free Demo

The right way to choose the best one is by analyzing the features, functionalities, and benefits of these procurement platforms. You can simply do this by registering for free demo offered by these top procurement software providers. This will not only help you to understand everything but also you will know if it is a great fit for your needs.

TYASuite is a leading partner solving various burning issues of the ERP Industry that are primarily dominated by Oracle, SAP, and Microsoft Dynamics. As Plug and Play Cloud ERP, TYASuite can minimize the time of ERP Implementation from months to days.

Request for free demo now to find out if TYASuite Procurement to Pay Software is the right solution for you.

Aug 18, 2020| 4 min read| views 6999 Read More

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Cloud ERP Software - How It Aids In Business Processes

Enterprise Resource Planning has been a part of the digital world for more than 50 years. But its incorporation into the business world wasn?t that evident until recently. The adoption rate of ERP software in a business is increasing with each passing day and it is believed to be worth $40 billion in 2020. Business owners across the globe are always facing a problem when it comes to decision making related to finance, resources, employees and security. Cloud ERP is one such software which acts as a solution to these problems. It helps to not only save money but creates a more enhanced plan which assists in expanding the business and increasing profitability and employee satisfaction.

With the advancement in technology at a rapid rate, investing in an affordable cloud ERP software is becoming the need of the hour. It lets organizations around the world do their business with efficiency and in less time. The procurement to pay software helps in streamlining the functions of two departments for a less hassle-free experience; whereas the asset management software lets them know the status of all the assets in the company along with tracking the life span of each one of them. Besides this, ERP software also assists in the day to day operations of business relating to sales order management, CRM, finance, inventory management etc.

5 Ways In Which Cloud ERP Software Aids In Business Processes:

1. Faster Response Time

As you start gaining attention in the market which indirectly would increase your reputation, you need to have a great delivery management system. This will automatically improve your delivery service and make you class apart from your peers; proving to be beneficial for customer service as customer requirements would be met faster. This is made possible due to ERP software, which not only tracks and controls the inventory requirements but also makes sure that the delivery is made on time.

2. Better Analysis & Productivity

ERP Cloud Software also helps in better understanding the problems involved in the business and thus, in turn, leads to better analysis report. It indicates the productivity of all the employees through which a performance analysis report can be drawn. This also streamlines all the ongoing projects within the company with the help of project management software which helps in meeting the targets before the deadline with superior quality.

3. Highly Secure

Security is the utmost priority of any company and no one wants to compromise with it. A breach in the data security of any organization would lead to huge monetary and non-monetary losses for that company. But with affordable ERP software, the security and privacy of company data are kept completely safe through in-built firewalls and other data protection tools.

4. Integrated System

ERP helps a business to store all of its data at one place making business processes easy and fast. It is a flexible system of controlling and managing the services, which allows customization according to the needs of the company. It integrates various departments like HR, marketing, sales, IT, finance etc. which helps in administering the work effortlessly.

5. Scaling Up Is Easy

The scalability of business processes can be a difficult task, but with a Cloud ERP Software, it is easy and hassle-free. Backed up by the latest technology in the market, it boosts the growth of the company with better insights into business intelligence.

Hence an ERP software lets you experiment with the new technologies in the market to solve your business problems with more precision and at a rapid rate.

Have a glance at TYASuite plug and play affordable ERP software, which lets you customize the software according to your business needs for a seamless experience.

Aug 05, 2020 | 4 min read | views 495 Read More
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Identify And Resolve Business Inefficiencies With Cloud ERP

It wouldn’t be wrong to say that modern cloud applications have revolutionized the way companies’ work. In this fast-paced world where everything is about speed and efficiency, Cloud ERP assists companies in numerous ways. From meeting up with their daily business routine work to timely management of all the ongoing projects and tasks; it has eased the lives of business professionals across departments.

Here are Top 5 inefficiencies which can be tackled easily with Cloud ERP:

1. Inaccuracy of Manual Data Entry

Manual data entry is one tedious task in an organization which is not only time consuming but have the highest probability of being full of errors. Humans, unlike machines, tend to get distracted with their surroundings and the chances of human error increases in this process. To curb up with this problem, using ERP software is highly recommended. It not only saves time but also cut costs along with providing results with precision.

2. Inefficient Communication Channel

In any organization, there are many departments, and if there is no proper communication channel between cross-departmental communications then the assigned tasks can end up taking more time than required to finish. This will also have poor productivity. But with switching to affordable Cloud ERP this problem could be reduced to a significant level. This can also lead to having no or less communication gap with vendors, freelancers etc. through vendor management software.

3. Lack of Inter-connected data

Most of the companies have been working without inter-connected data from various departments. They don’t realize but it costs them a significant amount every year in terms of loss of customers, bad debts, inventory wastage and many more. For example, in a typical B2B business- the field team takes order from customers and the same is not being able to flow to production team/procurement team on real time basis. Similarly, due to lack of proper planning, the goods may be in shortage and not been able to deliver to customer or it can be an excess stock of goods which can go waste. Cloud ERP helps business to inter-connect data on real time basis and improve business efficiency and productivity.

4. Substandard Customer Service

Below standard customer service would lead to a bad reputation of the company in the market. There are times when a product’s sales are much higher than the rate at which it is replenished and the sales department doesn’t exactly know when the product will be back in stock. If a customer places an order for the same product then the first thing which he/she wants to know is the date of delivery. If they don’t get a precise date, they keep on contacting the customer service department to get answers to their queries; to which the customer service representatives have no answer to. So just to avoid this kind of awkward situation, a business should opt for ERP software. It has many functions like procurement to pay software, inventory management software, Sales Order Management software and CRM which would easily sync all the work together for the smooth functioning of the operations.

5. Lack of consolidated data

As there are many departments in an organization, the data of each is varied. If the data is not consolidated and stored in one place, it would take more time for managers to go through each spreadsheet, documents etc. But with cloud ERP software, the data is stored in one place making it easy to access. Thus it will help you get accurate results with fewer inconsistencies and less effort.

Affordable cloud ERP software comes with procurement to pay software, inventory management software, compliance management software among various others, which is a full package deal in itself. So take your business a step higher and boost them with Cloud ERP Software to ensure an increase in the productivity of your business.

The Perfect Cloud ERP Solution - TYASuite Cloud ERP- Make In India for Indian and Global Business

TYASuite Cloud ERP is World’s 1st Plug and Play Cloud ERP. With integrated modules for Procurement to Pay, Inventory Management, Asset Management, Sales Order Management, Finance and Accounting, Compliance Management, Project Management, Customer Relationship Management (CRM) and Vendor Management, TYASuite Cloud ERP can give you a unified user-friendly platform to manage your entire business from a single screen.

With robust reporting tools, constant alerts and notifications, interactive dashboards and 2500+ inbuilt plug-and-play features, managing your business has never been this easy – just sign up for the TYASuite Cloud ERP and streamline your business processes. TYASuite Cloud ERP is best Cloud ERP for SMEs and mid-sized companies.

Save more than 50% of the cost by switching to TYASuite Cloud ERP. Talk to our process expert to get perfect cost savings for your coming. With TYASuite Plug and Play cloud ERP you can go live just in 7 days - the fastest ERP Implementation in the world.ure

For a scalable, flexible and an affordable cloud ERP solution, look no further! Visit our website for more details, and get a FREE DEMO of our product to test out the features.

Jul 24, 2020 | 5 min read | views 928 Read More
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Resolve complex dealings with Vendor Management Software

Dealing with multiple vendors for growing organization needs is not so easy. As the business world grows more complex and roles evolve to meet changing needs, the vendors that a company depends on for goods and services are becoming not just providers, but also partners, in long-term success. To run a business adequately, a company needs to keep track of all the latest trends and technological advances. It is essential to steadily work with vendors in the joint effort to enhance the element of the product which in turn increases customer?s satisfaction. So, it is very important to effectively manage your professional relationships with all your vendors. This is when cloud based Vendor Management Software comes into picture.

What is Vendor Management Software?

Vendor management software helps you to maintain all supplier management data and documentation in one place empowering your department to accurately assess supplier risk, easily manage resources and adhere to all the regulatory requirements. With vendor management tool you can use data to calculate and check how vendors are completing their work to make better sourcing decisions. This cloud ERP module will help you to streamline your engagement with all your vendors and identify issues to deliver immediate feedback and align on expectations thereby keeping your vendors and your purchase department equally satisfied with user-friendly interface for vendor identification, selection and onboarding. TYASuite Vendor management software with Vendor Portal will help an organization to enable an ongoing development of third-party vendors through frequent collaboration and constant monitoring. This plug and play software involves working with your vendors as a team to draw up mutually beneficial contracts that ultimately strengthen both businesses and also prioritizes constituting a long-term vendor relationship over short-term gains.

Managing suppliers and vendors has never been easier. However, effectively governing vendors can scale down hassle and save time and also create happy vendors who value working with your organization. In this globalized recession, an integrated Vendor Management Software can help companies work more efficiently; handle more details easily including initial registration, ongoing performance assessment and tracking results.

Have a glance at TYASuite innovative plug and play Vendor Management Software that is specially designed for large companies to manage their vendors using vendor portal /Vendor Login software and enjoy seamless automated function that lets you sit back and get all your management done from one integrated platform.

Take your vendor management a step ahead today; help your business optimize its productivity and get free demo with TYASuite cloud based Vendor Management Tool!

Jul 21, 2020 | 3 min read | views 751 Read More
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Project Management Software - A centralized way to get more done

The success of any project depends on finding a great idea for managing project and team’s productivity which is both essential and difficult, especially when one has to handle multiple projects at a time. Handling multiple projects and managing the teams along with their assigned tasks sometimes become extremely complicated for a project manager while working from home.

For any project manager or senior management, project planning is extremely important and essential for his or her team’s success as they need to keep track of what work needs to be done, which team member is working on what, and much more. Handling all these manually via emails or spreadsheets is definitely not an efficient way of doing it. In order to bring everyone on the same page, the management will have to hold meetings and reach out to their team members by sending out emails which is again a significant drawback on their team’s productivity and also the cycle of frustration becomes high when the teams are working quite hard to reach the deadlines of the project. That’s where the use of cloud based project management software comes into picture.

Project Management Software is specially designed to provide small to large businesses a means of planning, organizing and managing various project aspects.

Businesses that haven’t yet implemented a project management tool are likely to do more work while gaining less profit because of the time wasted on juggling little tasks. If these tasks are taken care of efficiently, effectively and smartly, the teams will be having more time to focus on core operations to complete their respective projects.

With TYASuite plug and play Project Management Software, your organization can automate the project management process with ease. Project managers can quickly and easily identify how much work each team member has, when they have capacity to take on additional work, or if any of their projects are at-risk. When any of the team members has any inquiries or confusion, he or she can immediately get the right response through communicating with the team internally—with the right people in the right project—without looking for any other sources. This is in turn successively minimizes the time lost from searching for answers. This ERP software also optimizes the sharing of documents, timelines, and status updates to notify everyone of important information.The use of cloud ERP based project tracking software simplifies team collaboration, with everything in one place and you can get imperative insight into progress, risks, and budgets for all of your projects. Companies can easily save multiple hours of project managers that they are spending on the project status report which is easily automated with the help of TYASuite Project Management Software.

TYASuite Project management Software can be used for companies across industries like, Software development companies, Real Estate Development companies, Real estate project Management companies, EPC Companies, Contract-based manufacturing companies and many more.

Project management is evolving with time. With the implementation of diverse tools, technologies, applications, and frameworks that are shaping project management for the modern world, it is important to stay ahead. So track and manage everything from day one to the deadline on routine tasks. Start a FREE DEMO today and take your business a step ahead with our powerful Project Management Software.

Jul 14, 2020 | 3 min read | views 724 Read More
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Top 8 Obvious Reasons to Switch to Cloud ERP Software Today

With the increasingly fierce competition, it is imperative that businesses keep up with the ever-changing technological trends. Automation of the various processes in your company is key to its advancement in the current times. This is where the role of a good ERP comes in.

WHAT IS AN ERP?

Enterprise Resource Planning (ERP) is a software that is capable of managing and integrating the day-to-day activities of your business. It streamlines and automates the various processes and facilitating effective operation across functions like procurement, inventory management, asset management, sales management etc. In short, it will help you to have a 360 degree view of your business. In current times, it has become a much-needed solution to ensure better productivity and business growth.

Here are the top eight reasons why Cloud ERP is important for your business:

1. Streamlining of processes:

ERP guarantees greater efficiency by bringing the multiple processes required to run a business under a single umbrella. The information is no longer scattered across multiple platforms and becomes easily accessible in one platform.

2. Reduction of operating costs:

The automation of various time-taking and tedious tasks become possible with ERP. This reduces the chances of manual errors, redundancy etc and ensures the smooth running of the once painstaking tasks. For example, consider the task of tracking inventory. Here, the integration with Procurement function automates the inventory management and eliminating all the manual task of managing the inventory. It helps the business cut down the cost of labour but while ensuring greater accuracy.

3. Increased productivity:

Integration among various functions results in better productivity. An ERP facilitates better communication and ensures collaboration among various functions. All the data and information from various departments will be on the same platform, allowing better collaboration amidst the employees, promoting teamwork.

4. Data security and confidentiality:

Cloud ERP?s provide top-notch security features to ensure there are no data breaches. Role-based access ensures that only the authorised few will be able to see sensitive information. It is also easy for the department heads to give access to various employees depending on their role in the organization.

5. Reports and analysis:

ERP provides detailed reports that enable the users to make calculated forecasts. Complete and consistent real-time reports generated by ERP using their advanced filters eliminates inconsistencies in data. It allows the stakeholders to make more informed decisions.

6. Flexibility:

The robust, easily configurable nature is perhaps the most attractive of an ERP. It can be easily tailored to suit the unique needs of your company. It is not a one-size-fit for all solution, but rather it is capable of evolving to accommodate the needs of your business as it grows. In todays world customizable ERP is very critical to fit into your busines needs.

7. Customer satisfaction:

ERP?s help the company maintain up-to-date information about the clients which can be easily accessed and updated. This allows the team to get a better picture of your clients needs and help them accordingly. Running your business on outdated tools will only hinder your growth.

8. 24/7 Access:

Cloud ERP can be accessed from anywhere, anytime and on any device. This ensure the business never stops. In todays uncertain environment, it is critical to ensure that you are seamlessly connected to cloud and all your data can be accessed without being dependent on the physical locations. Cloud ERP Software comes very handy in tougher times.

Using advanced tools such as ERP will guarantee to ensure greater productivity and profitability for the business. But it is also important to choose the right ERP to suit your needs as well. With the flexibility of auto-scaling as your business grows and affordable prices, TYASuite Plug and Play cloud ERP is one of the most reasonable solutions now available in the market. The multi-industry software can easily fit into your business process and can be implemented to go live in your enterprise within just a few days.

Curious to know more about TYA Suite Plug and Play cloud ERP software? Click here

Jul 09, 2020 | 4 min read | views 3475 Read More
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Does your firm need ERP software? Is it the time for automation?

There has been a lot of buzz around ERP or cloud ERP in recent times. ERP Vendors in India and across the globe are reaching out to companies to convince them to buy ERP.

Tougher competition within the marketplace is generating the necessity to higher optimization of resources, improve profit and keep customers happy. Enterprise Resource designing (ERP) is a system that, once enforced, ties along and automates variety of processes among a given enterprise. ERPs are typically integration of smaller modules. Every module is to credit for finishing a specific task among the organization, like managing finances, tax records, hour work, consumer relationships, offer chains, and more.

Once implemented properly, an honest ERP can:

  1. Reduce the time spent for finishing routine tasks.
  2. Improve the general progress across departments.
  3. Present a more robust summary of all company data
  4. Improve the data availability significantly
  5. Reduce the data turnaround time
  6. Improve turnover and profitability

Does your organization need a Cloud ERP?

Just because an ERP is efficient enough to work for any company, that definitely doesn’t necessarily can be associated with every company. Let’s now validate if your company needs cloud ERP:

1. Company mechanism runs using several software

If your company mechanism works on various other software and to make them work together cohesively can be an ultimatum, specifically if your company is unskilled with technicalities and lack of proper integrations. You may be using difference software for your business like, Procurement to pay Software, accounting software or a cloud accounting software, CRM etc. By having an ERP, you ensure that every company is mechanized in a single space which, if managed properly, can greatly revamp your company’s potencies.

2. Data management is getting increasingly difficult

A common dilemma for both growing and established enterprises is the endless creation of data. As a company grows further, more data gets generated and this data needs to be handled very efficiently. Cloud ERP software can help enhance the overall flow of the internal documentation process by automating the entire associated data management processes.

3. Interdepartmental collaboration needs improvement

If your company has multiple departments, facilitating smooth communication and the effective exchange of information are the keys to overall success then having an effective ERP solution will help your firm to streamline tedious task thereby making your employees more productive and efficient in their roles.

4. Employee Costs are significant

Good ERP system helps you organize relevant piece of information about a team member at one place and is easily accessible by both Accounting and Human Resources departments with appropriate access controls. When a new employee begins working, all the paperwork that they require to sign up can be found out through the ERP software very easily, thereby saving a lot of time and removing a great deal of the effort associated with onboarding a new employee in the firm.

5. Multi-location

The problem of data availability and processing becomes much difficult if you are a multi-location company. Employees are spread across cities and offices. GST Compliances, TDS compliances etc. become a tough task for these kinds of companies. Bringing a good cloud ERP will be a savior for you.

In a Nutshell, the modern business landscape has increasingly become fast-paced, making it difficult for companies to keep up. By using cloud ERP system, you can not only accelerate your operations but also become more efficient in achieving your business goals.

The Perfect Cloud ERP Solution - TYASuite Cloud ERP

TYASuite Cloud ERP is World’s 1st Plug and Play Cloud ERP. With integrated modules for Procurement to Pay, Inventory Management, Asset Management, Sales Order Management, Finance and Accounting, Compliance Management, Project Management, Customer Relationship Management (CRM) and Vendor Management, TYA Suite Cloud ERP can give you a unified user-friendly platform to manage your entire business from a single screen.

With robust reporting tools, constant alerts and notifications, interactive dashboards and 2500+ inbuilt plug-and-play features, managing your business has never been this easy – just sign up for the TYASuite Cloud ERP and streamline your business processes. TYASuite Cloud ERP is best Cloud ERP for SMEs and mid-sized companies.

Save more than 50% of the cost by switching to TYASuite Cloud ERP. Talk to our process expert to get perfect cost savings for your coming. With TYASuite Plug and Play cloud ERP you can go live just in 7 days - the fastest ERP Implementation in the world.

For a scalable, flexible and an affordable cloud ERP solution, look no further! Visit our website for more details, and get a FREE DEMO of our product to test out the features.

Jun 26, 2020 | 5 min read | views 660 Read More