HomeProductsProcurementThe Importance of Procurement Software for Singapore Company

The Importance of Procurement Software for Singapore Company

The procurement process has become one of the important stages, especially for companies that require large amounts of inventory. Therefore, you must manage procurement efficiently so that your company can fulfill inventory procurement and the business activities are not hampered. You need to know that procurement activities in the company can cost quite a lot. Poorly managed procurement costs can cost a company all indirect purchases each year. Therefore, you need to implement the best procurement software to manage all your company’s procurement process activities and costs. 

Procurement System Pricing Scheme

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The most refined procurement software is a system designed to control the cost of procurement of goods in a company to be more efficient. In addition, you can also avoid fraud in the procurement process. The greatest software procurement from HashMicro can be your choice to help procurement activities efficiently and complete your business needs smoothly. You can also use HashMicro’s software procurement pricing scheme to get a complete picture of the features and costs needed. Check out the complete guide to the benefits, full features, and system integration of software procurement in this article!

Procurement costs

Why Choose HashMicro’s Procurement Software?

The smooth production of a company depends on the effectiveness of the procurement process. With an effective procurement process, your company can request goods and monitor stocks precisely and accurately because it is monitored with a sophisticated procurement management system. In addition, procurement system can also help you get goods that fit the criteria, such as quantity, quality, location, time, and affordable costs.

By implementing HashMicro’s best procurement software, you can achieve an effective and smooth purchasing process due to the automation of the purchase process. HashMicro has designed concise and clear procurement software. With a transparent procurement management system, the procurement of goods can also be done quickly. For example, you can more clearly understand the procurement timeline of goods. In addition, this system can reduce operational costs. You also do not need to spend money on meeting consumption or even paper purchases. By implementing this system, you have significantly contributed to reducing the company’s operational costs.

Another reason you should implement the outstanding procurement system for your business is the integration of software procurement with other systems. You can also easily access your business procurement data wherever and whenever. Therefore, HashMicro procurement software is the best choice to solve all problems in the procurement process in your business. To find out the problems you often face in your business’s procurement, you can access the article below.

5 Biggest Procurement Issues and Its One Solution

The Benefits of HashMicro’s Procurement Software 

benefits procurement software

HashMicro’s procurement system will provide many excellent benefits that you can’t find from other providers. HashMicro has designed procurement software to provide better facilities in the procurement process in an integrated manner. In addition, this software can accurately show the development of your company and the financial prospects of your business. There are four benefits that you can get from the procurement system:

  • Procurement cost control: You can control all procurement activities with budgeting management. These controls will prevent you from cheating and misuse of data. That way, you can plan better finances.
  • Ease of tracking: All products that will go into the warehouse can be tracked easily. You will also get notifications automatically when the order has been delivered and received. That way, you will save a lot of time and effort.
  • Easy backorder management: Tracking shipments and payment of goods from vendors will adjust to the number of items you’ve already received.
  • On-Time payment: The last benefit of HashMicro’s procurement management system is that there is a notification to make payments on time. This notification can help you increase the efficiency of procurement in business so that there are no obstacles.

What are the Features of HashMicro’s Procurement Software?

HashMicro’s fully-featured procurement software is equipped with many key features that support your procurement process efficiently. These features can allow you to track, pay, and control procurement costs with an integrated system. Here is an explanation of all the features you can find in software procurement from HashMicro:

PO, RFQ, dan PR management

The first feature of the HashMicro procurement system is the automation of purchase orders, requests for quotation, and purchase requisition. With this feature, you can instantly convert purchase requests into purchase orders. In addition, you can create and send supply requests to different suppliers at once.

PR approval management

The second feature you find from HashMicro procurement software is the pr approval management. You can approve purchase requests from various business locations and departments with just one click through this feature. In addition, you can safely supervise procurement activities within your company and avoid abuse.

Online portal for suppliers

HashMicro’s procurement management system also provides unique features for vendors who do procurement cooperation with you. This feature is a special portal for vendors to share their catalogs. You can also do the tender process through this portal to get the best offer quickly.

Vendor Rating

Another critical feature is vendor rating. HashMicro’s software procurement provides this feature to assess your vendors. That way, you can measure the quality of their services, products, prices, and performance. Therefore, you can determine the best vendor to cooperate with so that your procurement process can run smoothly.

Blanket order management

HashMicro’s blanket order management feature can be your solution to plan procurement to match the reality in the field. This feature can help you order goods according to the price and time you have agreed with the vendor. In addition, you can also send repeated orders automatically, without worrying about missing anything.

Landed cost calculations

The last feature in software procurement is landed cost calculations. With this, you can make it easier to know the total cost of purchasing your product. Furthermore, This feature also facilitates you to know other costs, such as taxes, shipping costs, insurance, and currency conversion. That way, you can control the entire procurement cost clearly and accurately.

Also read: 5 Best Procurement System in Singapore

Procurement Software Integration

SAAS

The development of advanced technology has made many software providers compete to provide the best procurement system features. HashMicro also continues to innovate the better procurement software advantages than competitors. HashMicro’s procurement software is constantly updated and improved according to technological changes. Therefore, HashMicro is the best choice for you to control the procurement costs in your company. One of the advantages of HashMicro’s procurement management system is how it integrates with other systems. Here is a list of three systems that can integrate directly with HashMicro’s procurement system: 

  1. Inventory management system: One system that integrates directly with HashMicro’s procurement software is inventory management. Integration with inventory management systems can help you control purchase costs. In addition, you can also avoid unnecessary procurement by the company.
  2. Accounting system: The accounting system is one of your company’s must-have systems. The integration with the accounting system can help you estimate the cost of spending on the goods or services you buy. In addition, you can also find out the profits that your company makes from the sale of goods by your company. 
  3. CRM-sales system: One of the systems you need to reduce procurement costs is a CRM-sales system. You can make purchases of goods according to customer requests through the integration of this system. That way, you can prevent waste and the accumulation of goods.

Conclusion

The outstanding software procurement is a system designed to control the cost of procurement of goods in a company to be more efficient. By using this software, you can avoid fraud in the procurement process. The best software procurement from HashMicro can be your choice to help your business’ procurement activities work more efficiently and complete your business needs way smoothly. Some of the benefits of HashMicro’s integrated procurement system include full traceability, easy backorder management, on-time payment, and controlled procurement costs.

Procurement Systems Pricing Scheme

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HashMicro has designed concise and clear procurement software. In addition, this system can reduce operational costs. This software is also complete with various excellent features with maximum advantages. You must implement the fully-featured procurement system for your business due to integration with other systems. In addition, you can also access your business procurement data easily wherever and whenever you are. That way, business operations are smoother, and your procurement costs are more controlled. Contact us immediately to get the best deals and a free demo!

Procurement costs

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Femri Resdifianti
Femri Resdifianti
Femri is an explorer who sails through all kinds of seas of writing in search of a treasure trove of new knowledge. She likes to express her complicated thoughts in writing - a content writer at HashMicro.

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