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DIGITAL TRANSFORMATION FROM SOURCE TO PAY

Business Networks

Business Networks help companies, working together to accomplish objectives like spend management and sales cycle management, which are strategic and operational.

KavsK AGX, a business network platform facilitates e-procurement and supply chain solutions that are always on and easy to deploy. Spend management is primarily related to procurement and encompasses spend analysis, strategic sourcing and supplier relationship management. With KavsK AGX spend management solutions, you can digitalise and simplify all your processes end-to-end, on a single, integrated platform in the cloud.

When you join KavsK AGX Network Platform to transact, not only spend management but also you can find it easier to:

Accelerate the sales cycle while lowering the cost of sales
Boost sales through catalogs and find new customers ready to buy
Respond to RFP/RFI, submit proposals, and negotiate contracts
Handle purchase orders, send invoices, and receive payments

VENDOR MANAGEMENT

Vendor management is the multi-stage process of initiating and developing relationships with providers of goods and services that a purchasing company (“the buyer”) needs for day-to-day operations and the fulfilment of its mission. KavsK AGX platform makes working together on all the shared aspects of business commerce – proposals, contracts, orders, invoices, and payments – more efficient and effective.

STRATEGIC SOURCEING

You can manage entire sourcing, contracting and spend analysis processes for all types of spend direct and indirect materials as well as services-all in one place. Integrated into your execution and procurement processes and these can help you to:

Aggregate and classify all purchases.

Standardize source-to-contract processes

Drive material cost savings and optimisation

Reduce risk by finding better suppliers

PROCUREMENT

Procurement on the platform is secured method for tracking a product or transaction from source to acquisition and payment. Platform provides all parties within the respective supply chain with access to the same information, potentially reducing communication or transfer data errors. The process on platform can streamline administrative processes and reduce costs by enabling an effective audit of supply chain data. In addition to making transactions more secure and efficient, leveraged technology increases transparency in the supply chain.

PROCURE TO PAY

Procure-to-pay is the process of integrating purchasing and accounts payable process to create greater efficiencies. By transforming payables into strategic assets leads to strengthening of your financial supply chain.

Digitalising your procurement process with procure-to-pay system can helps organisations buy from preferred suppliers at negotiated prices without the manual paperwork and spreadsheet headaches. Accounts payable process automation is a method of minimising human intervention and eliminating error-prone tasks from the accounts payable process.

SALES CYCLE MANAGEMENT

KavsK AGX Platform puts your business in front of profitable customers who are ready to buy. When you connect to platform network, you quickly connect to a national network of companies and can efficiently scale existing customer relationships, plus discover and win new business.

You can collaborate with your customers on everything from RFIs and bids to managing catalogues and orders – all through easy-to-use tools. You’re part of a dynamic, digital marketplace, where you can effectively track and manage the sales cycle from beginning to end, accurately predict cash flow, increase revenue, and grow your business.

ERP INTEGRATION

The aim of an ERP system is to create a single source of truth for an organisation. The benefits of achieving this are huge, including real-time reporting, increased productivity, reduced operational costs, and improved business insights. However, an ERP system cannot do this effectively without data – and integrations are how that data gets into the system. ERP software integration gives you a unified view of information from different systems in real time, whether the data originates in the ERP or KavsK AGX. Our platform has in-built connectors with SAP S/4 HANA and OODO Open Source ERP.