Automating procurement
Take the waste out of indirect procurement!
Improve your SAP purchase routines
Streamline and simplify requisition routines
Automate the generation of purchase orders
Automate invoice processing
Save a bundle in accounts payable
Make a short-list of approved suppliers
Check out the statistics
Negotiate better deals and save even more
"With ReadSoft's solution, we have gained significant control & visibility into our P2P process."
Walter Schultz, Chief Procurement Officer, Allweiler
According to several independent surveys, ad hoc purchases represent a third of the average company’s total procurement. Furthermore, a large part of these are “Maverick” purchases, done without guidelines and outside existing agreements. This is expensive, in the order of an extra 35%.
That is why we'd like to end this waste and put the money back where it belongs: your bottom line.
- Automate enterprise purchasing processes by providing a cost-efficient way to manage and control your organization’s requisitioning, approval, and ordering processes.
- Eliminate time-consuming and error-prone manual procurement processes that result in poor visibility, lack of process control, and wasted opportunities for leveraging corporate expenditure
- Focus on the core elements of procurement – shortening time to sourcing savings, increasing spend control and compliancy, leveraging contracts, and improving your organization’s competitiveness through more efficient purchasing.
- Rely on built-in best practices to provide ease of use, a high level of automation, and an overall compliance with policies and contracts.
- Audit trail functionality documents the entire process.
Automation areas
All organizations with an SAP ERP.
Benefit from the opitmal solution for essential indirect procurement categories such as: IT, maintenance & repair, travel, finance, insurance, marketing, corporate security and cleaning services.
Lower maverick spend with an easy-to-use requisition tool
Optimizing the front-end procurement process is integral in improving the entire purchase-to-pay process. As a certified SAP add-on, ReadSoft's requisition solution resides and works seamlessly inside SAP, allowing professional purchasers to work in a familiar SAP environment. It also provides a simple web interface for the infrequent purchasers and approvers to improve process compliance and visibility to all purchase requests as they move through th P2P process.
Separate from the SAP standard, ReadSoft's requisitions tool does not require any modifications in the SAP system. It is quick to implement and highly configurable to enhance any SAP workflows current tied to the SAP requisition process.
- User-friendly web interface for the infrequent purchaser
- Ability to leverage existing electronic catalogs
- Automatic validation against SAP master data (pricing, cost accounting, approvals, etc.) or transactional data (such as existing purchase orders)
- "Business rules driven" automated workflow for purchase approval and/or cost allocation
- Automatic creation of SAP purchase orders, or SAP purchase requisitions, to suit existing SAP workflows
- A means of looking back to see who was involved
- Full support for SOX compliance
6 compelling reasons to automate requisitions:
1. Complete control over spending
- Reduce maverick spend and over-spending
- Increase transparency and improve reporting
- Leverage strategic spend
2. Simple and fast workflow for your SAP system
- SAP-certified workflow
- Online approval from the right people
3. Reduced costs
- Cost savings related to purchase process compliance
4. Increased strategic spending with preferred vendors
- Fully leveraged negotiated deals & maximized savings
- Maintain good vendor relations
5. Lower total cost of ownership
- Pre-packaged highly configurable solutions
- Leverages existing SAP infrastructure
6. Ease-of-use
- SAP look-and-feel for professional purchasers
- Simple web interface for casual buyer/approver