The procurement crew spends most of its time on administrative jobs. Intelgic would like the procurement team to analyze where they are spending a lot of time on the unproductive tasks, and test and substitute those with an RPA. RPA can empower procurement teams to work with greater efficiency and productivity in core procurement processes.

According to investigation analysis, robotic process automation in procurement can -
Decrease costs by 35 - 65% for onshore delivery functions
Decrease costs by 10 - 30% for offshore delivery functions

Organizations that have completely optimized RPA for procurement strategies have 84 full-time equivalents (FTEs) ordering materials and services per $1 billion purchases, whereas those with no RPA in place require 143 FTEs.

Why RPA is a convincing alternative to automate procurement functions?

  • RPA is speedier and cheaper to execute than multiple ERP projects.
  • RPA demands less IT support and investment.
  • RPA delivers an ROI of up to 200% in its first year.
  • RPA allows organizations to redirect focus to better valuable procurement activities while eradicating mistakes from transactional work.

Where all can you involve Intelgic Procurement Bots

Supplier Risk Evaluation

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Purchase Request (PR) to Purchase Order (PO)

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Demand and Supply Planning

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Inventory Management

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Work order Control

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Supplier Relationship Management

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Invoice Processing

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Contract planning process

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Supplier Onboarding and Enablement

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Other use cases are

Functional Purchasing

  • Placing orders in supplier system
  • Materials receipt and document recording and archiving
  • Cost pool allocations
01

Procurement Admin

  • Reporting
  • Performance & Compliance monitoring
  • Reconcile purchase order, receipt, and invoices
  • Update and match delivery dates with orders
02

Account payables & others

  • Supplier master information maintenance
  • Expense auditing
  • Catalog administration
  • eProcurement activities
03

Why RPA is a convincing alternative to automate procurement functions?

  • Minimizes manual intervention by automating the entire process
  • Develops an audit trail for future
  • Reduces human efforts enabling them to focus on other strategic initiatives
  • Enables purchasing, stock availability, and supplier management
  • Data is revised more instantaneously and is error-free
  • Detects abnormalities and harmonizes procedures
  • Speeds up operations and improves efficiency
  • Immediate direct cost savings

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