VELOCIOUS SUPPLIER RELATIONSHIP MANAGEMENT APPLICATION

Most enterprises recognize that active and meaningful engagement with suppliers is the key to success. Benefits include accelerated time to market, improved margins and reduced risks. Best in class organizations recognize that this is a highly collaborative relationship. They have supplier portals that include advanced functions including onboarding / self-registration, workflows and OCR functionalities. When information exchange takes place in a timely manner, this brings about significant improvement in supplier engagement.

With the Velocious Supplier Relationship Management, enterprises could automate the engagement with their suppliers across the lifecycle, right from RFP/RFI issuance, to supplier registration, issuance of PO, receiving of electronic invoices, processing of invoices and intimation of payments. The solution combines the unique features of AI Chatbot, OCR and integrations with the Accounts Payable / ERP solution to deliver a differentiated experience.

Reverse Auction

A reverse auction is a strategic sourcing event in which suppliers bid to provide products and services which helps buyer in effective price discovery, gaining in-depth supplier market knowledge and driving price reductions.

With the Velocious Supplier Relationship Management, enterprises could automate the engagement with their suppliers across the lifecycle, right from RFP/RFI issuance, to supplier registration, issuance of PO, receiving of electronic invoices, processing of invoices and intimation of payments. The solution combines the unique features of AI Chatbot, OCR and integrations with the Accounts Payable / ERP solution to deliver a differentiated experience.Avaali’s Reverse Auction module allows enterprises to create, conduct and deliver reports for closed auctions and in turn automatically initiate the supplier onboarding processes for chosen vendors. Reverse auctions significantly bring down procurement cost for companies as bid prices are continuously brought down during live auctions, where vendors have visibility of where their ranking is against submitted prices.

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Your Partners in Digital Transformation

Attain new levels of strategic cost optimization and develop new business models with Avaali’s digital services. Digital is shaping and changing our lives. Enterprises are leveraging digital technologies for managing their internal business processes as well as communication with their stakeholders including customers and partners. Consumer behavior is quantifiable like never before and leveraging these insights can define a winning business strategy and outcome. In order to survive and thrive in today’s business environment, enterprises must not only focus on customer relevance but also look at offering delightful omni-channel experiences.

As a specialist provider, Avaali works with upper mid to large enterprises to leverage digital to transform your business in compelling ways. As your partner in Digital Transformation, Avaali supports not only to build new business models using digital but also execute your digital strategy and vision with the support of digital tools and technologies. Our spectrum of services not only help you in putting together intelligent internal business processes but also engage with your customers in completely newer ways and deliver a compelling customer experience.

We work with leading organizations who are market leaders in the industries they operate in. Our customers tell us that we deliver value to projects as a result of the deep understanding we have of best of breed solutions for their vertical, coupled with our commitment to deliver excellence to every project.

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Why Choose Us?

Passion to fulfill our commitments

Our clients tell us that we’re a refreshing change in terms of delivering our commitments with passion, on time and as planned. Our projects are executed with rigor ensuring that we don’t leave anything to chance.  We plan our execution well, while at the same time provisioning for any changes required by the customer.

Avaali has done the maximum number of implementations of AP automation solutions for several large enterprises.

Our expertise

Avaali is completely focused in supporting enterprise customers to transform internal and customer facing processes using digital. Since we do this and nothing else, our capabilities and skills in this space are un-parallel. Our consultants come with good process / domain knowledge, and have global implementation experience on most of the best of breed technologies. We’re therefore able to execute with confidence not only on our consulting engagements but also on technology implementation and support. Our clients are industry leading enterprises who use our consulting services and solutions to solve complex challenges and achieve their goals.

Personalized Attention to projects

Every project is important to us. We provide personalized attention to every project to ensure a successful and hassle free execution. We partner with our clients to ensure that their business goals are met in a timely and efficient manner.  We have strong internal review mechanisms, thereby ensuring that our senior management is on top of every project and ensure that our consultants walk the talk.

Specialization in Digital

We are a specialized consulting and services organization focused on supporting enterprises in the digital space. We don’t do anything else.  Our customers tell us that they benefit from the decades of knowledge and experience that we bring to every project, resulting in successful execution.

Corporate Citizenship

Corporate Responsibility is a part of our culture. We’re committed to serving our communities. We undertake various initiatives from time to time to work on projects close to our heart. Project Green is one such initiative where Avaali supported in the creation of a mini forest near Agara Park area, Bengaluru

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Testimonials

Digitization was the key requirement for KPTL. We had challenges due to diversified operations at 150+ site offices in India and 30+ countries outside India. After implementation of OpenText VIM, we’re having much better control over our Accounts Payable process. We’ve now built in the maturity in our processes within KPTL with this solution and are well prepared to take the next leap, to centralize Accounts Payable across the Kalpataru Group.

As a result of this implementation, we have a 360-degree visibility into any and all content associated with transactions in SAP. All our contents are now securely stored in a centralized repository thus avoiding silos and gives us the flexibility to access our content from different sources via preferred user interfaces. With document centric business process workflows being implemented, we are able reduce cycle time by 50% for Due Payment Approval process, 40% for Reconciliation process, 50% for Accounts Receivable Process, 70% for Master Data Creation process and enabled the business and management to have better control over the whole process and faster decisions. With Extended ECM Scan solution, Bidco is able to digitize most of the physical documents and thus minimizing dependency on physical documents

As a result of this implementation, we have been able to reduce our invoice processing time significantly by 75-85%, it is now down to 1-2 days from an earlier 7-day invoice processing cycle time. We have also now achieved about 55% touchless invoice processing within 4 months of the go-live of the VIM solution. Using VIM reports, we have a good visibility on the liabilities and bottlenecks, thus enabling the business and management to have better control over the whole process and faster decisions. With this solution Avaali has implemented standardized invoice processing rules across locations, thus enabling better governance of the end to end process

With this solution, we saw a reduction in our storage as well as system administration costs. We also saw process improvements in our transactional processes. We gained database space by archiving three years of data while retaining online access to archived data via SAP screens. Also there are no open transactions in SAP

We went live in just 3 1/2 months and the solution has resolved our issues by providing us a platform for automated and standardized invoice processing. Tata Sky’s accounts payable users are very happy using this solution and we have been able to gain a 70-percent increase in efficiency in our Shared Services Center.

After the implementation of OpenText Vendor Invoice Management for SAP Solutions, we have much better control over our Accounts Payable process. Control & Visibility over open GI-IR has increased. Invoice processing is much more efficient. We’ve finally overcome the challenges of invoice copy retention, retrieval and cross-department sharing. We’re now well prepared to take the next leap and centralize Accounts Payable across the Group. Avaali as a partner with strong knowledge in this space has added immense value in the form of smooth implementation and support!

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