Procurement Suite
Rapid advancements in digital technologies are remaking business supply chains, and are poised to transform how the procurement function delivers value.
Collaboration networks
Platforms that provide buyers and suppliers with visibility into all elements of their joint value chains. Users can maintain supplier information in the cloud; measure, analyze, and manage supplier performance; uncover joint process improvement opportunities and identify, monitor, and escalate supplier risks.
Intelligent content extraction
Uses Optical Character Recognition (OCR) and learning algorithms to read unstructured documents such as PDFs of contracts, specification drawings, and Bills of Material, and rapidly extract critical pieces of data like pricing tables, payment terms, and termination clauses that would have taken days or weeks to assemble.
Predictive & advanced analytics
Users can maintain supplier information in the cloud and Combines modeling, machine learning, and artificial intelligence with multiple third-party data sources to predict most likely scenarios for cost/price fluctuations, demand, supplier/country risks, etc. and enable proactive decision making.
Manage purchasing and accounts payable
The Purchase Demands managing procedure, and covers its full process starting form purchase requisition creation to its deletion. To maximize your procurement process, you must also have a contract management system in place. With an e-procurement system, you can centralize your contract management by attaching documents to each vendor.
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Procurement Analytics
Procurement analytics is the method involved with gathering and dissecting acquirement information for business insights and decision making. While every procurement analytics case is one of a kind, expert investigation merchants will have long periods of involvement to share from a comparative client or industry cases.
learn morePurchase Invoices
Ensure that all communication among you and your clients mirrors your association's character. Customize your invoices, installment updates, information exchange structures, and client entryway to accentuate your image. Characterize billing frequencies and cycles, and professional invoices, proficient solicitations will be shipped off your clients consequently.
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Demand Planning
Engage every one of the partners in your interest arranging process with a solitary stage to team up. Make computer based intelligence driven noteworthy bits of knowledge by consolidating inside and outside information. In order to define requirements, there should be an analysis of the goods, and services that are to be procured and of their purpose, performance requirements.
learn morePurchase Orders
The Purchase Orders work area landing page has purchasing transactions that require buyer's attention and infolets that include key alerts and important metrics. You create a contract purchase agreement with your supplier to agree on specific terms and conditions without indicating the goods and services that you will be purchasing.
learn moreVendor Management
Connecting with and onboarding suppliers that meet your unique needs requires a system that also enables vendor performance tracking and supplier relationship management. The contracts will be maintained in a central repository in accordance with Argo’s record management retention policy to ensure compliance with regulatory document retention requirements.
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