ER Technologies provides custom designed management software for the financial and non-profit communities. Their Cloud based systems increase administrative efficiency, reduce labor expense and help cut the cost of operational supplies.

             
                                                     
'Tapping Solutions from the Web'
                                                    João-Pierre Ruth
                       
                              ____________________________________


                                            
                            e-Procurement Technology

There is one fundamental step that occurs during each purchasing cycle that can trigger an extensive audit review. It focuses on the third phase of the procurement process, the accurate payment of a vender's invoice.
 
  • The 'buy' occurs when a consumer places an order;

  • The 'sell', occurs when a vender delivers the order;

  • The 'pay' however, can only occur after the buyer
    matches each item's purchase price to the vender's
    invoiced price;

  • In many transactions, the cost of labor to verify the
    price of items, is greater than the cost of items.
 
In retail web based 'shopping cart' transactions, the seller makes the process appear simple, attractive and 'fun'. All the buyer has to do is 'click' and pay.

During corporate purchasing transactions, the process becomes more complicated due to audit compliance and time / labor processing expense.

Procurement Systems by ER Technologies handle the entire purchasing process, increasing accuracy and reducing the administrative cost of a procurement cycle by more than 58%.

Research by the Department of Labor and the Aberdeen Group (Boston MA), shows that a typical Purchase Order cycle requires a minimum of 1.5 hours’ of processing time / labor expense. Depending the salary levels, the cost can range from $60 to over $100 per cycle.

The question is not 'if', but "how much" can be saved by replacing manual labor expense with technology?

                         
                      NOTE: For a cost reduction estimate, view 'Savings Calculator'


                                   
        e-Management Systems
 
 
Purchasing Assistant™ is a multi-vendor, e-Procurement software program that manages Purchase Order cycles from a products requisition through to the reconciliation / payment of a vendor's invoice.

Facilities Assistant manages internal and external work order and maintenance activity. It provides multiple action alerts, contract rollover status, vendor performance monitoring, and records retention archival.

Stock Room Assistant™
manages on-site, or off-site inventory for individual, or multiple stock rooms. It maintains real time audit control and provides for automatic re-ordering of products, and prepares RFQ's for price quotes from vendors.

IT Asset Assistant™
provides the basis for cyber security control by providing QR tracking for all network hardware. It manages asset details from procurement, cost center utilization, to final disposal and withdrawal from service.

Work Order Assistant™ manages service and repair order requests sent from cost centers to a Facilities Department, alerting them of the need for repair, maintenance or parts replacement.


                                                                         
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