TYASuite - Cloud ERP Solutions

  By bringing suppliers online and streamlining the entire process with the help of a procurement software is making the way of a business easier than ever. For organizations using the best e-procurement software, business processes have become transparent and easy to manage. E-procurement implies that procuring products from suppliers/vendors and interacting with vendors online. Businesses create e-procurement portals where vendors can register. Once they’re registered, vendors see which products are required and quote prices at which they will supply them. This streamlines the whole process and makes everything simplified and transparent. As every transaction is done online; corruption, which plagued procurement in the past, has been eliminated. Earlier what vendors could do only by visiting buyers' premises, is now done online. This has lowered the overall costs for stakeholders and creates a win-win situation for the companies and the vendors. There is no to and from between pu...

  While 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 manages everything in the supply chain. Next, there is accounting software that individuals use to monitor POs, giving up a far-reaching procurement suite for all-in-one convenience. Lastly, there is purchase order-explicit 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 effec...

  In the past few years, the focus around the world has shifted to digitalization. More and more stress has given in shifting the businesses online or use online software to ease business operations. Organizations are trying to mix technology with productivity to achieve greater results. It is happening in all the departments of a company. The procurement department is no exception. With the help of procurement to pay software, they not only function with efficiency but within time limits. The procurement department plays a very important role in every size of the organization as they are responsible to purchase everything from pin to plane. Their responsibility spans from choosing a product/service to ordering, procuring, paying the bill to make it available for the end-user. Imagine how difficult and time taking it is for them to do all these things manually. This whole process becomes very easy and time effective once an organization has a mature procurement software in place. W...

Fighting COVID-19 - Social Distancing The COVID-19 pandemic has spread in an unprecedented way across the entire planet, and it is showing no significant signs of slowing down or getting contained. The global economy has suffered greatly due to the lockdowns and disruptions in the supply chain, but it is slowly beginning to recover. As businesses reopen, and the world begins to regain functionality, social distancing rules are a must for everyone to ensure that the pandemic stays under control. Why Social Distancing? Social distancing rules ensure that the COVID-19 virus does not get a chance to spread from potential carriers to healthy people. Most businesses require daily contact between employees, vendors, customers and other stakeholders. Ignoring social distancing can mean a complete breakdown of the recovery process, and an increase in the outbreak of COVID-19. With the blanket ban on any such contact, businesses must function through digital means of communication, c...

                                                      MSMEs and Small Business  India had initially declared a nationwide 21-day lockdown to counter the spread of the CoVid-19 pandemic. To curtail it further, India brought Lockdown 2.0! Many people around the world are commending this as a great step against the spread of the virus. While this may be true, it is also true that the implementation of the lockdown has left much to be wanted, and one of the biggest victims has been the Indian economy. All businesses, from MSMEs to industry giants, are now at a loss as to  how to survive the business downturn . Business owners must now take drastic steps, or they simply will not make it through this. Many analysts are convinced that the overall global losses are in danger of surpassing the combined losses during WWI and WWII!  The Natio...