Procurement

You will receive a software solution that covers the full range of purchasing activities, from eProcurement to receipt.  The product includes complete fund accounting capabilities including available funds checking, pre-encumbering, encumbering, and full and partial liquidations.

Some of the other key benefits to you are as follows:

  • Supports de-centralized requisitions with automatic approval routing and status tracking.
  • Creates Requests for Quotation and trade responses.
  • Performs automatic matching among purchase orders, receivers, inspection reports, invoices, and freight charges, as applicable.
  • Executes tolerance checks for quantity received, quantity billed, unit price, total amount, freight billed, expiration date, and delivery timeliness.
  • Computes sales or use tax, discounts, retention, freight, etc.
  • Allocates line items and computed amounts to predefined general ledger accounts.
  • Performs unit of measure conversions.
  • Accommodates special needs, such as standard cost, purchase price variance, and the like.
  • Provides on-line access to historical data by vendor, vendor group, item, and transaction type.

Of course, you may have access to the Business Process Management and Knowledge Management tools available on all FMS II products.

For those of you who require a complete web-based procurement solution, Mitchell Humphrey’s FMS-ePro, an industry-leading suite of electronic procurement solutions, is your answer.  FMS-ePro features supplier registration, online bidding, reverse auction, contract management, hosted contract catalogues, and the ability to leverage a supplier’s eCommerce web site via “punch-out” technology.

When integrated with our FMS II Purchasing system, FMS-ePro provides your organization with greater efficiencies by automating time-consuming procurement procedures, streamlining your supplier communications, and increasing visibility into your contract spend.

The FMS-ePro solutions can be delivered and implemented in two basic models: Software License or Software as a Service (SaaS).

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