Press Releases

SutiSoft Announces SutiProcure, a Cloud Computing Solution that Allows Employees to Purchase Goods & Services

SutiProcure, a SaaS solution, simplifies the process of purchasing Goods & Services and empowers employees to purchase based on strategic suggestions.

Los Altos, CA (Vocus/PRWEB) January 11, 2011

SutiSoft Inc., a trusted provider of hosted and enterprise solutions today announced the release of SutiProcure, an online Procurement solution enabling employees to procure Goods and Services from the right suppliers’ at the most competitive prices.

SutiProcure eliminates the use of paper documents and significantly reduces the time required for creating, sending and tracking Purchase Requisitions, Request for Quotations (RFQ’s), Purchase Orders (PO’s), Goods Received Notes (GRN’s), Invoices and Payments. This hosted solution provides a secure electronic repository for storing all documents involved in the purchasing process, from Requisitions to Payment Receipts.

The solution provides a separate interface for Suppliers to track Auctions, RFQ’s, PO’s, GRN’s, payment details; generate Sales Receipts, Shipments, and Invoices.

New Features Include

  • Supply Catalog for Buyers to select Items
  • Automatically create & send RFQ to Suppliers
  • Approval of Requisitions
  • Perform value analysis to intelligently select Suppliers
  • Simultaneous creation of POs for more than one Supplier
  • Invoice Validation
  • Generation of GRN for goods received
  • Pay Manager to track status of Payments
  • Configure Approvals (create, manage, delegate)
  • In-depth reports for Buyers and Administrators
  • Easily generate Sales Receipts, Shipments and Invoices

How it Works

Buyers pick and add Items to purchase from a comprehensive Supply Catalog. After adding items, a Requisition is automatically created. Buyers then can simply add the remaining details and send the Requisition for approval. The Approver views the Requisition details and approves or rejects depending on the company’s internal policies and their approval limit. Rejected Requisitions can be modified and re-sent for approval. Depending on the Sourcing technique followed, approved Requisitions are sent to RFQ’s or for Auction.

Before sending a Requisition for RFQ, Supplier details are added. Suppliers will then add price details and send Quotation(s) to the Buyers for the RFQ. In the scenario of Reverse Auctions, requirements for Items are advertised on the login page in the form of Auctions. Accordingly, suppliers submit their bids for Items that they can supply.

A value analysis of the Quotation is performed; a new or existing Supplier is selected and the PO is generated and sent to the Supplier(s) for fulfilment. Supplier(s) review the received PO details and generate and send Sales Receipt(s) to the Buyer. When a Sales Receipt is sent, the corresponding Shipment and Invoice are created. The Buyer inspects the Received Goods and Invoice to confirm receipt of goods. A GRN is created and sent to the Supplier(s) notifying them that the goods have been received.

SutiProcure is available in multiple versions: Professional, Corporate, Enterprise and Unlimited.

About SutiSoft

SutiSoft Inc. is a privately held company founded by N.D. Reddy, a successful Entrepreneur with over 30 years of experience in both the Hardware and Software industry as a Founder, and CEO. The Company's leading edge enterprise/SaaS application software products range from business productivity solutions such as Electronic Signature, Expense Management, Document Control Systems, Governance, Risk and Compliance, Security Solutions and others. The company's products are developed using Java, Flex, HTML 5, AJAX and other cutting-edge technologies which allow SutiSoft to retain its core values which are Simple, Scalable, Secured, and Seamless. Headquartered in Los Altos, California USA, SutiSoft has offices in Northern California, India, Germany and Japan.

Additional information is available at SutiSoft.