Using RPA, you could quickly look at your smaller size suppliers, see if they have acquired one of those loans implying they may be at risk, apply that information into your supply chain, and discover another supplier to diminish your risk. Doing calculations manually to find an alternative supplier would take days or weeks. Utilizing our RPA bot, you can dynamically run through the list of different suppliers to see if they are competent enough in fulfilling your requirements immediately.

Once the PR is submitted, our procurement bot automatically follows a workflow such as evaluating the request, seeking consent from the concerned stakeholder, and processing requests to raise a PO.

It removes the silos between diverse units such as driving procurement, shipping, warehousing, and inventory and handles them as a single centralized unit. When the bot detects that the warehouse is full of inventories, it automatically reports the procurement division about the same.

RPA helps the procurement team to scrutinize the inventory levels, notify when it becomes low so the team can order for the products, and provides a real-time report that helps the team to get an update on stock levels at any time of the day.

The bot notifies the team as soon as a work demand is created and distributed. It allows the concerned associate of the procurement team to pick it up for execution. When the work order gets completed, the bot closes the work order and informs the buyer of the status.

The bot scan emails and highlights suppliers having the most considerable numbers of escalations and exchanges.

The bot scans the invoice to extract the relevant data. Then it automatically matches the extracted data against the Purchase Order. If the fields match, then the invoice is automatically published to the existing accounting systems. The entire process is conducted in 4 automated steps than 15 manual steps earlier.

Client users directly get periodic notifications regarding contracts due for renewal, allowing procurement teams a lead time to examine alternative suppliers that can suggest better pricing or renegotiate current agreements. It provides improved visibility into contract expiry and performance details.

Bots perform background checks, supplier record assessments, and supplier follow-up in cases of skipping information or records. It then initiates background checks and performs steps for onboarding suppliers.