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News from Members The IT solutions increase the Procurement Department’s Performance

The IT solutions increase the Procurement Department’s Performance

by SIVECO Romania January 21, 2014

Website www.siveco.ro

The solution for the Procurement Management developed by SIVECO Romania is a component of SIVECO Applications 2020 information system. This integrated solution meets the requirements of the companies in all sectors of activity. The main benefit is that once information is recorded into the system, it automatically sends this information to other modules involved in the supply process. Thus, the processing and transfer time is reduced and the data redundancy is minimized.

The Procurement Management IT system implies the operation of the following integrated modules: Investments Module, Procurement Module, Inventory Module, Financial-Accounting Module and Contracts Module, providing the IT tools and mechanisms needed for the automation of the procurement process.

Increasing the company‘s efficiency with a scalable, secure solution
The software application is useful for the user in order to manage the procurement and purchasing, from defining the procedures to financial-accounting management and automatic inventory checking.

The Procurement Management module uses a range of classifications (reference directories) that reduces data redundancy and increases the accuracy of data recording. Moreover, the application increases the flexibility of the procurement, manufacturing and sales processes by using the products or equivalent measurement units. It also reduces time for inventory through the automation of the inventory assessment operations.

The IT system components eliminate the risk of purchasing products at prices that haven’t been negotiated yet and the automatic conversion between the currencies used (EUR/RON etc). The time for analysis increases with the IT system, while reducing time for transactions’ recording.

„The Procurement Management component part of SIVECO Applications 2020 integrated IT system was designed and developed by experts in business processes’ automation, in order to provide the public and private companies with scalable and reliable solutions for the procurement process”, stated Lăcrămioara Bârseti, Head of Unit SIVECO Applications.

The IT system for Procurement Management incorporates the results of a long term experience gained by SIVECO Romania in providing and implementing Integrated Information Systems, giving the customers with verified ways to increase their economic efficiency.

About SIVECO Romania
SIVECO Romania is the leading Romanian software house and one of the most successful regional leaders in eLearning, eHealth, eAgriculture, eCustoms, eGovernment și eBusiness from Central and Eastern Europe. The company develops and exports software products and high value added consultancy projects to countries within the European Community, The Middle East, North Africa and the CIS area.

Founded in 1992, SIVECO Romania has now 1,000 employees worldwide. Addressing large companies and public agencies, SIVECO Romania is specialized in developing large and complex IT projects.

SIVECO Romania solutions contribute to reducing the digital gap and improve the activity of many public institutions, such as the Ministry of Agriculture, Ministry of National Education, Ministry of Health, Ministry for the Information Society, Ministry of Labor, Family, Social Protection and Elderly, Ministry of Finances.

During its 22 years of activity, SIVECO Romania has built a solid reputation, receiving more than 180 national and international recognitions and prizes.

More information about the company and its products is available at www.siveco.ro, www.facebook.com/siveco and www.linkedin.com/company/siveco-romania.

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