Co-Books Purchasing

Co-Books Purchasing is the application for professional buyers that streamlines purchase order processing while strengthening policy compliance. It is a key component of Co-Books Advanced Procurement. According to independent experts the key to achieving world class procurement performance lies in using technology to automate routine tasks. This frees procurement professionals to work on more strategic tasks related to sourcing and supplier management. Co-Books Purchasing does just that. It automates purchasing to make buyers more productive, improves management of your supply base, and adapts to virtually any procurement process. As the heart of the Co-Books Purchasing provides a rich store of policy and supplier information, an enterprise class automation platform, and a robust workbench for buying professionals.

Key Features:

• Reduce spending on goods and services

Packaged analysis of payables, spend, and suppliers; online negotiation and collaboration; embedded enforcement of contracted pricing and terms.

• Streamline all Procurement Practices

End-to-end automation, policy driven self-service and structured supplier communication.

• Enforce fiscal policies across procurement processes<

Exception based enforcement, unified financial and procurement controls, and total procure-to-pay visibility

• Automate the Entire Procure-to-Pay Cycle

Define suppliers and agreements; then automate your entire purchasing cycle from purchase order to settlement

• Improve Supply Base Management
Take central control of all supplier and item master information with an application that tightly integrate suppliers into your organization by leveraging advanced supply management capabilities
• Adapt to Any Purchasing Practice
Adapt the application to your organization's purchasing practices with uniquely configurable policies and an open architecture that integrates legacy and supplier systems
• Speed Receiving and Settlement with Procure-to-Pay Integration
Receiving functions support multiple operating models configurable by category and supplier, including vendor-managed inventory (VMI) and consigned inventory. Electronically integrating receiving and payment with purchasing reduces errors and saves time and money
• Centralize and Manage Supplier Information with Supplier Master, ASL and Supplier Item Catalogs
The Professional Buyers Work center in Co-Books Purchasing brings together all of your supplier data, reducing time wasted conducting redundant supplier research or chasing down contact or item information. Together these capabilities make it easy to locate the most qualified suppliers for each item and source from the most current agreements to capture preferred supplier and volume discounts
• Leverage Legacy and Supplier Systems with Open Architecture
Co-Books Purchasing integrates other Co-Books ERP applications, legacy and supplier systems into your purchasing environment via available interfaces and integration tools. For Co-Books ERP customers, the single common data model eases implementation and allows rich cross-product business flows. Co-Books Purchasing provides a scalable, open procurement platform that keeps up with your changing business needs
• Source for Lowest Costs
Manually compiling and comparing bids causes slow and sub Co-Books Sourcing gathers bids in a consistent and structured format and provides online analysis for better awards