Procurement Automation

Procurement Automation

Our Procurement Automation Solutions focuses on reducing the pain of procurement activity management such as Bidding, Auctions, Vendor Registrations, Contract Development, Spend analysis and more.

image

Reverse Auctions

  • Auction Setup
  • Publish Auction
  • Reverse Auction Bidding
  • Auction Award

Registrations

  • Vendor Self Registration
  • Vendor Category Mgt.
  • Vendor Qualification
  • Vendor Approvals

RFx Management

  • Create RFPs/ RFQs
  • Publish RFx
  • RFx Scoring & Evaluations
  • Bid Award

Contract Mgt.

  • Outline Agreements
  • Purchase Orders
  • Service Acceptance
  • Milestone Mgt.
  • Contract Closure

Documentation

  • Contract Templates
  • Draft Contracts
  • Reviews
  • Approvals & Signatures
  • Contract Repository
  • Publish Contract

Typical Business Challenges solved

  • Vendor Qualification: Availability of a “One stop shop” showing list of qualified vendors by categories
  • Vendor Registration made easier: Self Registration of vendors saves the procurement time and effort required to collect, follow up and process vendor registration.
  • Bid preparation: Procurement Departments can issue new Bids and RFI’s faster as previous knowledge assets from document libraries can easily be retrieved and reused as accelerators
  • Collaboration: Improved ability to communicate and collaborate with vendors and sharing essential information relevant to the success of the Bidding process
  • Contract Development: New contracts are deployed faster powered by multiple contract templates stored in the system
  • Significant costs savings from the procurement of commodity products such as Diesel and other Equipment using reverse auctions eliminating the usual Blind spots

Some Key Features

  • Vendor Qualification & Registrations
  • Bid Mgt. & Auctions Mgt.
  • Reverse Auctions Mgt.
  • Contract Documentation Development
  • Contract Management
  • Vendor Invoice Mgt.
  • Approval Workflow Routing
  • In Built AI & Machine Learning Technologies
  • Easily integrates with any 3rd party ERP Solution

Got Questions?

To learn more about how your business can benefit from our services, or about Thamani consulting services, Our representatives are available 24 hours a day, 7 days a week, 365 days a year.

Phone: +234 812 139 6354
Address: Niyi Okunubi Street, Lekki Phase 1, Lagos, Nigeria.