eRECKONER PROCUREMENT Reckoner e-Procurement integrates an organization with supplier and manufacturers. e-Procurement improves purchasing cycle,  reduces purchase order costs, and cuts down inventory levels. Reckoner eProcurement enable vendors to establish a direct relationship with you and eliminate intermediary levels. Reckoner eProcurement tracks the entire procurement process in formally initiated documents. Covering: Ø       RFQ to Purchase Order Ø       Purchase Order to Invoice Ø       Invoice to Payment Processing Access of Reckoner eProcurement is allowed only to Registered users with their authenticated Login Id. RFQ to Purchase Order Purchase Function in any Organisation has to maintain an uninterrupted flow of materials. Whenever there is requirement of Raw Material in an organisation Indent is raised, which lead to initiation of Request for Quotation to the suppliers. RFQ initiated by the company can be browsed by all the suppliers who are authorised to view information based on which they can submit their Quotations. When Suppliers submit the Quotation, the best-suited Quotation is selected and authorised.  Purchase Order is generated along with a delivery schedule and submitted online. Purchase Order to Invoice In case of Raw Material and Packing Material procurement, it could be on the basis of a contract or standalone. In a contract Purchase Order is directly generated with Delivery Schedule specified. Suppliers can browse the Purchase Order submitted for them. Purchase Dept. can even revise the Purchase Order, system allots a unique serial no with every revision. Once goods are received Goods Receipt Inspection note is generated which can be browsed by supplier. Suppliers can submit their invoice online through web enabled interface, which will update Sales Dept and Finance Dept. Invoice to Payment Processing Once Invoice is submitted by supplier the view will be available to Purchase dept through which they can generate Purchase Voucher. In case of goods return, accounts can be adjusted through generating Debit Note and Accounts are updated. Reporting Various reports available for both Purchase Dept and Suppliers ensure that they get consolidated information on a real time basis