What it is?

This FRA module covers how to setup department “Cost Center” wise multiple budget plans & utilization, for purchase operations with approval process. It helps management to evaluate business alternatives and set targets for utilizing the budget for purchase operations. This will perform real time, multi-dimensional modeling of purchase planning and budgeting data.

Department wise multiple budget plans helps to control the Fund request approval process for creating the purchase requisitions and Purchase orders to Vendors. This is intended to provide a holistic budgeting solution for all Industries it also allows for moderate customization to your business and acts as a springboard to accelerate future growth.

Key Benefits

• Fully Automated budget utilization on end-to-end procurement process.
• Increase collaboration with business stakeholders and drive better decision-making on Procurement 3. Drill across budget, forecast and actuals to see the impact on business performance.
• One FRA will have multiple PR/PO approved transactions.
• Flexible Advanced workflow levels on
• Fund request process and budget utilization.
• Real time calculations on budget and FRA utilization.
• Easily applies partial FRA payments to PR and Standalone Purchase order.
• Flexibility to import FRA transactions with different budget category and department.
• Separate Record for Fund Request approval Process in between budget and purchase process.
• Gain a 360-degree view from
• Procurement budget utilization.
• Track FRA Related records i.e., PR, PO and Bill with Utilization process
• Get a complete view of your department wise budget across your entire Organization.
• FRA and Budget utilization Dashboard displays consolidated procurement transactions and records on one-page, Key information is available in the form of reports and reminders

Key Features

• Fully automated use of the budget
• Increased cooperation with business stakeholders
• Use the prudent management of the authority and the availability of the balance.
• The FRA will have multiple PR/PO approved transactions.
• Advanced flexibility in workflow levels
• The process of requesting funds and using the budget.
• Real-time calculations
• Apply partial FRA and PR payments.
• Flexibility to import FRA . transactions
• Separate record of the fund application approval process
• Get a 360 view
• Use the procurement budget.
• Keep track of FRA, PO, and Bill records
• A complete view of your department's budget
• View consolidated purchase transactions and records on one page

Reachware

Reachware is an integration platform in which many individual subsystems are combined into a single, larger system allowing the subsystems to work together. Reachware allows any SaaS systems such as NetSuite, Revel, Vend, Xero, Magento, Zed, Qoyod, Shiji PMS, or any other product to achieve the overall functionality required by the organization.

In most organizations there is a need to improve the efficiency and thus the productivity and quality of their operations, so their goal is usually to get the different applications and systems to communicate with each other to avoid the time and effort involved in manually operation with other systems of the organization. With Reachware, organization will see increased information flow speeds and higher process automation as well as lower operating costs.