Procurement
Increase procurement visibility and control with operational flexibility, repeatable cost savings, and compliant processes. Optimize your procurement process for cost certainty with workflow driven approval routings.
We will also streamline and improve the accuracy of the procure-to-pay process by automating and linking key procurement transactions and providing approval and matching workflows to support internal controls and compliance requirement.
Purchasing can be an inefficient and unsuitable task, especially when requests for goods and services have to be done manually using combinations of phone calls, emails, faxes etc. Our procurement solution helps businesses buy goods and services at the best price and in a well timed manner by helping employees valuable time with easy to use capabilities, reducing price by conveying purchases to approved suppliers and pre-arranged contracts, and improving visibility by rendering real time info into your business spend and vendor performance.
Procurement benefits
Achieve Cost Certainty
Use Prekoth’s many costing methods to improve your costing accuracy and stabilize gross profit.
Task queues
Route special handling requests automatically, based on commodity code, location, spend category, or other kind of similar characteristics.
Streamline Procure to Pay
Automate business processes to reduce your average procure to pay timeline and increase cash flow.
Intelligent workflows
Manage, track and collaborate on source-to finish tasks quicker and more efficiently with end-to-end, role-based workflows.