Information Technology & Services
Zoho Products Magnasoft
● As the number increased, managing vendors and purchasing became more challenging.
● Improve the purchase process transparency.
● To be managed in the application are vendor onboarding, POs, and invoices.
Finding a solution:
The Magnasoft team was able to recruit vendors, perform vendor profiling, document, raise and shortlist RFPs, release POs, and handle financial controls thanks to the end-to-end procurement solution they built.
Implementation and Result:
There is a reduction of more than 70% time in terms of organizing a procurement prior to the application. Every data point is moving along with various controls and approvals within the system. It helps Magnasoft team to track vendor efficient and cost