SmartStream -
Procurement Improve your procurement process and profitability by re-engineering
with SmartStream Procurement. This application goes beyond automating
inefficient processes to allow you to eliminate unnecessary steps that reduce
the speed and efficiency of your purchasing department. Lower Procurement Costs
Reduce your administrative costs for purchasing goods and services by
streamlining and automating time-consuming, expensive processes such as general
orders, pricing requests and resolution of invoice-matching exceptions.
SmartStream Procurement helps you: Automate processes to free your purchasing
department from the drudgery of routine tasks such as placing repetitive,
approved orders Improve service within your organization by making it easier for
requestors to order directly from approved suppliers with established pricing
agreements Strategically manage your suppliers using reporting and analysis
tools to help you identify the vendors who offer the best value and reliability.
Manage Your Entire Procurement Process SmartStream Procurement includes
activities to manage the purchasing, payables and supplies management processes.
In addition to unique individual features, all of these activities offer:
Configurable workflow to streamline business processes A familiar Microsoft
Windows interface with toolbars and online help Enterprise policies to reduce
data entry requirement and promote better accounting control Multinational and
multicurrency features for global operations SmartStream Purchasing uses
workflow within SmartStream to eliminate unnecessary steps and reduce
administrative costs in the purchasing process. Key features of SmartStream
Purchasing include: Automation of repetitive purchase activities to allow
requesters to choose items from online catalogs or by using pre-completed
requisition forms Easy order creation for unsourced items Easy definition of
multiple sites Accommodation of centralized, decentralized and consolidated
processing Rules-based workflow routing of requisitions for approval Automatic
generation of purchase orders that can be sent directly to vendors via fax or
EDI Full integration with Payables for purchase order to invoice matching
One-step receiving process Evaluated receipt settlement SmartStream Payables
lets you generate payment for a variety of requests including matched and
non-matched invoices, check requests and other sources. Key features of the
Payables activities include: Online or electronic invoice entry A payment
schedule to simplify repetitive payments and manage cash flow Flexible options
for paying by check, bank draft or electronic services Generic and
country-specific formats Flexible customization of the invoice window for
improved accuracy and ease of data entry Invoice processing for U.S. sales and
use tax, European VAT, Canadian GST and PST and other tax structures Direct
payment from receipts SmartStream Supplies Management, a component of
SmartStream Procurement, is an inventory system designed for businesses that
consume and distribute inventory internally, such as companies in the
healthcare, utilities, insurance and banking industries. Key features of
Supplies Management include: Simple and flexible solution to manage the entire
inventory business process, including ordering, receiving, put-away, picking,
transfers and replenishment, across multiple sites and stockrooms Superior
service without sacrificing your overhead costs by overstocking just to be safe
Ability to easily change simple one- and two-step processes with configurable
workflow, all in the interest of high productivity Ability to define and easily
change policies as needed to reflect your business process Delivered best
practices -- such as consignment or vendor-managed inventories, EDI Advance Ship
Notices and Payment on receipt -- that shorten the process and eliminate
unnecessary overhead cost Results quantified as part of the delivered solution
and graphic views of these results due to integration with SmartStream
Financials Statistical information for such benchmarks as service levels and
inventory turns to easily measure and increase your performance