Many organisations that use Dynamics GP share the need to improve control on processes within procurement. This is of particular significance to public sector clients who are subject to the Public Finance Management Act (“PFMA”) or Municipal Finance Management Act (“MFMA”). Improved control on procurement includes many different aspects. From the point at which a purchase order has been created, through to payment, Dynamics GP provides a superb solution. The processes that precede that, however, are more commonly inadequately controlled outside of the corporate ERP system. Control of these processes is comprehensively addressed by WorkPlace Requisition, a web based procurement system from Paramount Technologies, which is fully integrated with Dynamics GP.
WorkPlace Requisition is a robust web-based e-Procurement solution that allows organizations to automate the complete procure-to-pay cycle – from product selection, requisitioning, approval and ordering to delivery, receipt and financial settlement. The suite includes applications for requisition, cXML PunchOut, cheque request, budget enforcement, RFQ, PO generation, receiving, invoice matching, and vendor contract compliance with approval workflow throughout the entire process.
For additional information see http://www.paramounttechnologies.com/eprocurement.htm.
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