TYASuite - Cloud ERP Solutions

Procurement Software provides your procurement function with technological innovation that is both convenient and affordable. Companies  and organizations are getting more interested to streamline their business through automation and looking for an implementation of better cloud ERP platforms. The field of procurement has commonly faced difficulties of getting up to time with technology and organizational issues. The frequently asked questions in gaining knowledge of acquiring right cloud Procurement Software.  What is Procurement? Why it’s So Important in Business In general the process of agreeing to terms, acquiring goods via competitive bid or tendering process. It includes identifying requirements, authorizing and approving purchase request, supplier identification, make inquiries and require quotations by negotiating terms, vendor selection, creating PO, creating good receipt, purchase order generation, shipping, invoicing and finally making payments. For...

Understanding the term “Procurement to Pay Process”  Procurement to Pay (P2P) also called “Procure to Pay process” is a term used to define a business process and not a software or a technology in itself. P2P summarizes various steps involved in the Procurement process of any business.  Steps included in Procurement to Pay Process across industry 1. Requirement Generation  2. Requirement consolidation  3. Vendor Evaluation  4. Purchase Order Generation  5. Receiving Goods or services  6. Recording of Invoicing   7. Payment The above steps can be executed manually or through a well-designed software. The use of software in the procurement process started as early as in the 1990s. Over the last 30 years, technology has traveled from being a luxury to a necessity and from becoming unaffordable to affordable.  However, today also business owners are not comfortable with implementing ERP software due to their implem...