Vendor Management System
What is VMS?
Krish Vendor Management System(KI-VMS) tool help organizations to manage and optimize their Procure-to-Pay(P2P) Cycle
Why VMS?
Digital Platform for "RFP to Contract"
Ease of operations in Request for Proposal to Contract finalization
SAP Automation
Designed for SAP using U15 technology. Automates the process of Creation of PO, GR, and Invoice in SAP
Flexible deployment to reduce license Cost
Runs as standalone and reduce license cost of SAP & unlimited vendor login
Digitalization
Brings suppliers into digital network and reduces transaction time & cost, acts as self-service portal for invoice & payment status
Integration with ERP
VMS Modules
Vendor Registration
- Temporary
- Permanent
- Approval & Creation of Vendor Code in ERP
Reports
- Purchase Report
- Dispatch Report
- Goods Receipt Report
PO Creation
- Purchase Order creation in ERP
- Purchase Order Acknowledgement
Vendor Stocks
- Vendor Stock Maintenance
- Vendor Stock Report
Suppliers/Stores
- Quotations/Proposal Submission
- Dispatch or ASN
- Goods Receipt
- Goods Receipt Acceptance
- Quality Complaints
- Invoices
- Invoice Discrepancies
- Payment Status
Procurement Team
- PR data integration from ERP
- Request for Proposal
- Attachments
- Techno-Commercial Rating
- Vendor Selection
Balance Confirmation
- Vendor to Confirm Ledger Balance
Procurement / Stores / Finance Activities
Benefits
- Customizable application to accommodate the current business process
- Single point of contact for the Vendors
- Cross platform (Mobile, IPad, Desktop) application for maximum accessibility
- Increased transparency in Procure to Pay process
- Access to real time Purchase data
- Performance review of Purchase team
- Improved Vendor relationship management
- Cloud hosting for minimizing and optimizing operational cost
- SAP and third party application integration with custom developed adapters and fiori applications
- Organized and planned execution of purchase initiatives