Cloud Experts India

Vendor Management Software

Save up to 20 % to 45% on costs by using powerful Supplier Relationship Management (SRM) tools

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ProVen is an Vendor Management software (SRM) that offers a wide range of features to assist you in making informed sourcing and purchasing decisions, minimizing vendor performance risks, and simplifying communication with suppliers.

Introduction of ProVen SRM Software

ProVen vendor management software (SRM) helps businesses choose and work with suppliers easily. It tracks how well suppliers perform, handles important documents, and makes supplier-related tasks simpler.

The software makes sure companies work with reliable suppliers and know how things are going from start to finish. ProVen SRM brings together supplier information, automates evaluations, supports contracts and purchases, and has a portal for talking to many suppliers.

Our solution is built on the secure and cost-effective Salesforce Platform. It can be customized to fit any company’s needs. With ProVen SRM software, companies can earn up to 700% of their investment back each year.

Our software offers various benefits for businesses seeking to streamline their procurement operations and maximize the value of their vendor relationships. By providing centralized vendor management, enhanced collaboration, performance tracking, contract management, spend analysis, and risk mitigation capabilities, this software empowers organizations to make data-driven decisions, optimize costs, and foster strong and strategic partnerships with their vendors.

Vendor Management Software

Key Features of ProVen

  • Document Management
  • Expense Management
  • Inventory Management
  • Task Management
  • Vendor Management
  • Catalog Management
  • Workflow Management
  • Collaboration
  • Supplier Management
  • Pipeline Management
  • Order Management
  • Procurement Management
  • Approval Process Control
  • Version Control
  • Contract Management
  • Spend Control
  • Auction Management
  • Invoice Processing
  • Sourcing Management
  • Spend Analysis
  • Cost Tracking
  • Bid Management
  • Pricing Management
  • Progress Tracking
  • Due date tracking
  • Electronic Data Interchange
  • Process/Workflow Automation
  • Automatic Formatting
  • Expiration Date Management
  • Supply Management
  • Usage Tracking
  • Catalog Creation
  • Customizable Catalogs
  • Rfx Management
  • Global Sourcing Management
  • Buyer Notifications

ProVen

The Next Generation Procurement & Vendor Management Software
By Cloud Experts

Procurement Challenges:
    1. The current purchase process is both inefficient and lacks transparency.
    2. Floating RFQs and obtaining quotations is a time-consuming procedure.
    3. There is a higher likelihood of paying a higher price for products of lower quality.
    4. There is a risk of corruption and revenue loss.
Benefits of ProVen VMS (Procurement & Vendor Management Software):
  1. Save Time: Collaborate digitally with Vendors and purchase team.
  2. More Savings: More Bids, Better Price, Better Negotiation possibilities, More Savings.
  3. Transparency: Increase the Transparency and Efficiency in Procurement process.
  4. Reduce Corruption: between vendors and procurement teams if there is any.
  5. Improve Efficiency: Centralized, automated purchase Management system.
  6. Information on Finger Tips: Maintain all RFQs, Quotes, auctions & Dashboards of all supplier activities.
  7. Reduce Purchase Time: Increase Efficiency and Save Revenue.
  8. Unlock Potential Savings: By choosing the best suppliers based on quantitative and qualitative analysis.
  9. Real-time Reports: Onscreen reporting and exportable reports for record-keeping.

To know more about this Click Here…

SRM Key Features

RFX & E-Auction

One Software That Offers All In One Solution For RFx & E-Auctions India’s Most Decorated and 100% Secure Online e-Auction Platform That Makes ProVen The Best Supplier Relationship Management (SRM) Solution.

ERFX

Move away from spreadsheets and manually compare quotations and information from vendors. Cloud Expert’s eRFX solution – ProVen lets you manage all your RFIs, RFQs, RFPs, RFTs, and Auctions, in one system.

Forward Auctions

Exploit forward auction strategies to help net revenues and worth conveyance.

Reverse Auctions

Deploy reverse auction strategies to maximize savings and innovate procurement operations.

Supplier Management

One Software That Offers All In One Solution For RFx & E-Auctions India’s Most Decorated and 100% Secure Online e-Auction Platform That Makes ProVen The Best Supplier Relationship Management (SRM) Solution.

Find New Suppliers

Move away from spreadsheets and manually compare quotations and information from vendors. Cloud Expert’s eRFX solution – ProVen lets you manage all your RFIs, RFQs, RFPs, RFTs, and Auctions, in one system.

Sourcing Optimiser

Enhance your most normal obtaining process, eRFX, and contract talks in the quickest way possible. Leverage ProVen&apos’s intelligent APIs to concentrate all obtaining information onto a solitary stage and improve on the most confounded processes with quicker direction.

Spend Analytics

Open the window to make your spending analysis more astute with ProVen. Open fundamental examples by solidifying a lot of spending Data and assist your Procurement Team to eliminate blind expenditures, screen conduct, and gain further bits of knowledge.

Integration

You can link your processes and technology using ProVen’s smart APIs. This will make different systems work well together. You don’t need to collect information from various tools anymore. You can make your procurement system better.

Contract Management

Say Goodbye to misplaced and mismanaged paper contracts with ProVen’s Contract Management Software. You can say goodbye to risks and lost savings too. It helps you to handle all types of contracts easily, securely, and without using paper and ink. It simplifies the creation, execution, and management of your contracts.

Tail Spend Management

Save up to 20% of your procurement budget by reducing unplanned or uncontrolled spending. ProVen can help you manage your tail spend and find more savings by giving you a clear view of your spending.

Cost Optimization

See where you spend money in your supply chain and find ways to save. Procol’s smart dashboards show you information about how much products cost, details about suppliers, and trends in prices. You can use this information to cut down your expenditure.

Key Features of ProVen SRM Software by Cloud Experts

SRM

Supplier Onboarding Process : ​

Step 1: The client sends an email to the new vendor, with an Excel file for the Vendor Onboarding form. The vendor fills it out and sends it back.

Step 2: The client checks the form and gets approval if everything is correct.

Step 3: After management approval, the client enters the information into their ERP software and attaches the documents.

This process is slow and not efficient.

Using ProVen SRM (Supplier Relationship Management) automates and simplifies the whole process of onboarding vendors.

To onboard a new supplier, they are given a login and password for the SRM portal. The vendor fills out the Vendor Onboarding form online, including organization details and attaching required documents.

Auto Verification of Vendor Information:

When the vendor completes and sends the form, the SRM application checks the details from government portals. It verifies things like GST number, PAN number, bank details, and more.

This makes onboarding vendors faster and better. It stops manual work and saves time and money for the organization.

Vendor Verification
Purchase Requisition

Purchase Requisition:

The Purchase Requisiton Process means making Purchase Requisition or Purchase Indent records in your ERP software. When these records get approved in your ERP, they appear in the ProVen SRM portal.

You can also create Purchase Requisition Records directly in the ProVen SRM application if you prefer.

RFQ ( Request for Quotation ) :

To create an RFQ (Request for Quotation), you search for Purchase Requisition records in your SRM portal. You can use parameters like Material Code, Business Unit, PR date, and Material Category.

After selecting the Purchase Requisition records, you create the RFQ. Once the RFQ is approved, it is shared with the vendors through the SRM portals.

The buyer or purchase team can search for vendors based on parameters like Vendor Ratings, Category, Sub Category, Vendor Location, and Type. They can share the Purchase Requisition records with the chosen vendors by clicking a button.

Vendors receive notifications via email, WhatsApp, SMS, and a notification bell in the SRM portal when a new RFQ is shared with them.

RFQ

Key Features Of Our Vendor Management Softwate (SRM)

RFX & E-Auction

One Software That Offers All In One Solution For RFx & E-Auctions India’s Most Decorated and 100% Secure Online e-Auction Platform That Makes ProVen The Best Supplier Relationship Management (SRM) Solution.

ERFX

Move away from spreadsheets and manually compare quotations and information from vendors. Cloud Expert’s eRFX solution – ProVen lets you manage all your RFIs, RFQs, RFPs, RFTs, and Auctions, in one system.

Forward Auctions

Exploit forward auction strategies to help net revenues and worth conveyance.

Reverse Auctions

Deploy reverse auction strategies to maximize savings and innovate procurement operations.

Supplier Management

One Software That Offers All In One Solution For RFx & E-Auctions India’s Most Decorated and 100% Secure Online e-Auction Platform That Makes ProVen The Best Supplier Relationship Management (SRM) Solution.

Find New Suppliers

Move away from spreadsheets and manually compare quotations and information from vendors. Cloud Expert’s eRFX solution – ProVen lets you manage all your RFIs, RFQs, RFPs, RFTs, and Auctions, in one system.

Sourcing Optimiser

Enhance your most normal obtaining process, eRFX, and contract talks in the quickest way possible. Leverage ProVen&apos’s intelligent APIs to concentrate all obtaining information onto a solitary stage and improve on the most confounded processes with quicker direction.

Spend Analytics

Open the window to make your spending analysis more astute with ProVen. Open fundamental examples by solidifying a lot of spending Data and assist your Procurement Team to eliminate blind expenditures, screen conduct, and gain further bits of knowledge.

Integration

You can link your processes and technology using ProVen’s smart APIs. This will make different systems work well together. You don’t need to collect information from various tools anymore. You can make your procurement system better.

Contract Management

Say Goodbye to misplaced and mismanaged paper contracts with ProVen’s Contract Management Software. You can say goodbye to risks and lost savings too. It helps you to handle all types of contracts easily, securely, and without using paper and ink. It simplifies the creation, execution, and management of your contracts.

Tail Spend Management

Save up to 20% of your procurement budget by reducing unplanned or uncontrolled spending. ProVen can help you manage your tail spend and find more savings by giving you a clear view of your spending.

Cost Optimization

See where you spend money in your supply chain and find ways to save. Procol’s smart dashboards show you information about how much products cost, details about suppliers, and trends in prices. You can use this information to cut down your expenditure.

Connect with an expert who can share more about our solutions and answer any questions you have.

ProVen Can Revolutionize Procurements For You.

CALL FOR DEMO (+91 9591961422)

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