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Ariett ReqNet, the leading web-based solution for Microsoft Dynamics GP, allows you to quickly streamline and automate purchase requests with flexible multi-tiered approval routes, and routing and approval by budget status. Send an RFQ and update either inventory costs or catalog items, create a PO, process shipment receipts and shipment invoices, view payments, and continue to view PO changes with seamless connection to Microsoft Dynamics GP. The audit trail is captured through receiving and invoicing to satisfy all your compliance requirements.
Enterprises today are using e-procurement to manage more requisitions, spend categories, and suppliers than ever before. On average, enterprises participating in this benchmark reduced off-contract ("maverick") spending by 64%, reduced requisition-to-order cycles by 66% and increased total spend under management of procurement group by 20%. Increasing spend under management is a key tactic, as each new dollar brought under management can yield 5% to 20% cost reductions, according to Aberdeen research.
With more than a 165,000 users, companies who use ReqNet report how Ariett ReqNet helps manage and reduce costs:
•Significantly reduces the administrative cost of processing a purchase request up to $25 per purchase request
•Employee self-services provides the ability to buy better through managing contract items and online supplier purchasing such as office supplies, computer supplies or industry specific vendor websites
•Allows your purchasing team to reduce costs by spending more time purchasing higher ticket items instead of focused on time consuming administrative tasks of rekeying data or having to touch every purchase line item request to assign a vendor or code the GL accounts
•Reduce paper by up to 80%, through electronic attachments and document management in both Ariett and Dynamics GP
•Empowers your busy employees and managers with web-based productivity tools to easily enter, review and approve purchase requests, access budget information and contracts, gaining operational efficiency and organizational control over the timing of purchases
•Provides a tool to review the timing of a capital or high priced items to be purchased, resulting in improved cash flow management. |
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