The product / inventory based are tracked and mapped to inward registers and quantitative controls, there are greater challenges in managing the Services Invoices, with added complexities of Geographies and Services as the tracking and controls are lesser feasible to be implemented. Adding physical Approval & Verification workflow brings better control, but at the COST of EFFICIENCY. Cnergyis Vendor Management Platform provides ONLINE – Configurable Workflow Engine that helps in streamlining the process of Approvals & Verification to Payouts. This reduces the risks of miss-outs of payments, and fraudulent vendor relationships. It also makes it feasible to set the process of cost-centre based controls for expenses allocations at extended levels within the organization.
The Platform not only manages the workflow, but also empowers the Amin team of the organization to track the regular interval payments like rent, electricity and telephone, etc services where receipt of billing may not be controllable by the Organization but delayed payments or miss-outs have impact on services from such vendors. The Module is configurable to manage the document workflow and approval cycles for tasks beyond payments, and provides better control and visibility to the Head – Office.
Choose how you want this to be delivered :
- Cloud Software Platform with IT Support.
- Outsourcing Services.
- New Software Module Development On this Cloud on ©MyHRMS Cloud