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Bangalore- 560100, India
Vendor Purchases to Payment (Procurement to pay cycle).
Nextgen AIS handles end to end Procurement to Pay , Order to Cash full cycles
- With Nextgen AIS , you can issue Purchase Orders (which not only captures Quantity , rate , delivery date , also capture any negotiaions done). On Receipt Ais checks Rate , quantity etc deviations , if there is deviation, it goes for approval.
- You can even do Purchase against Purchase Agreements (AIS does agreement management) or can do Direct Purchase (I.e without any Purchase order or Agreement).
Nextgen AIS has ” Gate Handling ” , ” Bin Management ” , ” Store Handling ” , i.e
- Material receipt not only captures rate , quantity etc , Also captures Item Demographies like Manufactuing date , expirty date , Batch Number , Lot Number etc. While Receiving you can do Qualtiy test on sample basis , and you can record Quality test result . All these data are tagged to Material receipt and there by better control of Stock.
- Similarly while issuing for Sales , Manufacturing etc , you can do Quality testing and record Quality results , which ensures that Items you are Dispatching for Customers or Items using for Manufactuing are of Utmost Quality.
- You can activate “Bin Mangement” , which is Wharehouse Management if you need more Grip on Stocks (Of Course this is Optional 😊).
- You can also active “Gatepass Mechanism” , so that Gate pass handling and Gate data also be Captured , Which also get tagged to respective Purchases or Sales or Movements.
Invoice Recording
You Accouts Team / Your Oursourced Team like CA , booking teams etc can Record vendor invoices
- Against Material receipt done in Stores
- Against Purchase Order
- Against Purchase Agreement
- Anyone from your organization who received Invoices , Can submit Invoices for Accounting along with Approvals , which be used as base for accounting
- Or Even Directly
While accounting , You can apply Purchase Taxes / Input Tax Credit like GST , VAT etc. Deduct Witholding Taxes like TDS etc.
Invoice / Vendor Payments
- Invoice can be Processed at Bulk.
- AIS Automatically calculates any Exchange Gains/ Loss and post the Entries for Foreign Invoices.
- Batch Payment Excel file can be generated and would be Loaded to Bank portal.
- On Payment , payment advise would be sent Automatically to your Vendors.
