Acumens Procure-to-Pay app extends standard Business Central Purchasing Module by introducing Internal Requisition documents (Purchase and Storage), Request for Quotations, Bid Management and Vendor Performance Evaluations.

Features included in this app are below:

1. Purchase Requisitions

   This is an internal document that initiates the purchasing process within an organization. Its not sent directly to the vendors but it initiates internal purchase approval workflow.

2. Request for Quotations

   This document is used to formally request for quotations from potential vendors. Its is sent to multiple vendors to obtain prices for specific goods or services with well defined requirements.

3. Bid Analysis

   This document is used to evaluate quotations shared by potential vendors to determine which vendor offers best overall value. Approved Bids are converted to Purchase Orders.

4. Vendor Evaluations

   This document is used to assess a supplier’s ability to deliver goods or services reliably, cost effectively, and in line with organizational standards. Acumens procure-to-Pay does five default evaluation metrics i.e. Cost, Delivery Rate, Defect Rate, Fill Rate and Quality Evaluations. It helps determine whether a vendor should be approved, retained, or reconsidered.

5. RFQ Mandatory on Purchase Orders

   This feature is used to enforce request for quotations before a purchase order is processed either on Vendor or Item level.

6. Storage Requisitions

   Once purchase of goods and services is completed, Storage Requisition document is used to issue inventory. It ensures controlled withdrawal of inventory and proper tracking of stock movement.