AccTech VRM for Sage
The collection and management of Vendor Data is a time consuming and costly business activity. The BEE rebates up for claim are significant and it justifies the time and effort allocated to managing your vendors. Imagine being able to simplify the Vendor Master Data collection and capturing procedure to the mere click of a button… imagine being able to compile complex vendor reports that will assist in BEE rebate calculation at the click of a button. Stop imagining. Discover the power of VRM to enable you to better manage your supply chain.
AccTech VRM for Sage is your solution and includes these features:
- Vendor information and supporting documents
- Tender process management
- Contract repository and expiry notifications
- Actual vs. Budget on projects and contracts
- Vendor performance ratings and trend analysis
- Automatic notification of BBBEE & Tax Certificate expiry
- Auditor-ready reports and dashboards on key procurement information
Tender and contract governance
PFMA-Compliant Tender Process
VRM controls the end-to-end tender process, from initiation, submissions, scoring & evaluation and award.
Bid Adjudication Committee (BAC) Management
Allow a collaborative workspace for the BAC to engage with the tender and keep abreast of developments.
Upon awarding of the tender, the contract can be electronically stored, with expiry dates and escalation information.
Actuals vs. budget on active contracts and projects can be monitored, with data drawn directly from your ERP system.
Secure Purchase Orders
Send encrypted purchase orders and track delivery to suppliers
Auditable Vendor data management
Vendor Master File
VRM allows you to store all of your vendor master details in a single database
Bank Account Management
VRM will allow individual users to capture vendor banking details and there is a full authorisation workflow which requires a supervisor to approve the banking details before they are accepted for payment.
Tax and BBBEE Certificates
VRM will identify vendors whose Tax Clearance or BBBEE Certificates are about to expire and will notify them automatically of the pending expiry.
VRM electronically stores vendor’s Tax
Clearance and BBBEE Certificates
Drive your BBBEE goals
Full Audit Trails
Tracking of changes to vendor data is critical to ensure accuracy and auditability. VRM monitors all changes to any vendor detail and ensures your data is fully auditable and verifiable.
Utilise VRM’s reports and dashboards to monitor spend per BBBEE level, including management of sub-contractors.
Management reporting provides insight into the trends with respect to spend per BBBEE level; actual vs. budgets and expected cash flow requirements
Monitor effectiveness of your strategy to pay black-owned suppliers on time to gather maximum Enterprise Development points.
Dashboards provide instant access to information such as open purchase orders and draw attention to excessive turnaround times from non- performing vendors.