Your SlideShare is downloading. ×
AUTOMATING A PURCHASE REQUISITION PROCESS WITH BPM SOFTWARE
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

AUTOMATING A PURCHASE REQUISITION PROCESS WITH BPM SOFTWARE

275
views

Published on

Published in: Technology

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
275
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
5
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. AUTOMATING A PURCHASE REQUISITION PROCESS WITH BPM SOFTWARE
  • 2. PURCHASE REQUISITION     A purchase requisition is a process of requesting and authorizing procurement of goods and services by a department in the organization. It contains a description and quantity of the goods or services to be purchased. As part of an organization’s internal financial controls, the accounting department is accountable for a purchase requisition process. These requests are documented and routed for approval within the organization and then delivered to the accounting group.
  • 3. CHALLENGES FACED IN IMPLEMENTING A PURCHASE REQUISITION PROCESS   A manual paper-based process is laborious as the requests are manually typed, rekeyed, logged, validated, routed, and stored. It results in       Inefficient Error prone processing data scattered Waste time for user slow requisition cycles. Manual notification, tracking, and reporting contribute to inefficiency and prevent effective control of the procurement cycle.
  • 4. CHARACTERISTICS OF PURCHASE REQUISITION PROCESS          A single, unified requisition process for all types of spend Bring people and systems on the same platform to collaborate effectively Accountable for all types of supply sources and processes The purchasing requisition process has to be integrated with sourcing Simple in use and contextual Provides visibility to users to incorporate buying policies It has to consider the planning of future purchases Clear visibility of the financial impact of a purchase Scalable to accommodate a growing organization
  • 5. ADVANTAGE OF AUTOMATING PURCHASE REQUISITION PROCESS  By automating the purchase requisition process an organization cam minimize risk and keep audit trails in the purchase requisition process but automation of can only solve few tasks of manual entry errors, misuse, physical loss and can be done by any system.
  • 6. BPM SOFTWARE    Business process management software(BPM) is a systematic approach to making an organization's workflow more effective, more efficient and more capable of adapting to an ever-changing environment. A business process is an activity or set of activities that will accomplish a specific organizational goal. The BPM solution can get real time data and bring all stakeholders on the same platform for effective collaboration.
  • 7. BPM SOFTWARE BENEFITS    Organizations’ can automate purchase requisition processes to drastically reduce administrative costs and better manage vendor payouts. If the requisition process is built on a BPM SOFTWARE platform, organizations can easily integrate their ERP and other core business systems with automated purchase requisition processes. As a result, organizations can shorten approval cycles, reduce administrative overheads, and effectively control and expedite the requests while being compliant.
  • 8. BENEFITS OF BPM SOFTWARE       Increase resource efficiency and productivity by streamlining purchase process Scalable system to accommodate unnatural growth Eliminate manual handling and minimize processing errors Approval cycles are shortened by real time alerts to stakeholders, build KPI’s and SLA levels Monitor and make changes to the process to optimize it to the best levels Be compliant with all corporate and governmental policies
  • 9. BENEFITS OF BPM SOFTWARE         Eliminate human intervention and increase accuracy of data Integrate with existing and legacy applications Provide contextual actionable alerts to ensure streamlined process Reduce administrative and delivery costs. Ensure document accuracy, security, and reliability Permission based access to users minimize administration costs with total process automation bringing the stakeholders on the same platform and making the process visible to everyone ,the approval times are considerably shortened.
  • 10. SKELTA     Skelta BPM is an enterprise class Business Process Management (BPM) platform & Advanced Workflow Software that eliminates the risk of process initiatives, enables communication amongst all process stakeholders and drives innovation by fostering business ownership. Skelta BPM empowers business analysts to quickly build end-toend, feature rich, process centric, composite business applications using a web interface. Skelta BPM enables quick automation and improvement of processes without any coding. Skelta BPM components support every step in the lifecycle of a process based application, namely – Envision & Model, Execute & Deploy and Optimize & Analyze. For more information about Skelta BPM go to: www.skelta.com