Inovium POPS
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FEATURES AND BENEFITS
Save 80-90% on your procurement costs

InoviumPOPS is the only e-procurement application for the small and medium size business community, municipalities, educational institutions and other entities that integrates true procure-through-pay capability. Where most systems require the user to submit payment and transactional reporting manually, Inovium’s solution maintains the operational streamlining and cost savings of electronic methods and gives our clients the ability to continue with their valuable transactions with the click of a mouse. Our Suppliers are set up to receive payment through our innovative, secure e-procurement payment gateway, and our clients can take advantage of early payment discounts due to the rapid payment schedule our electronic system allows them.
Our clients also benefit from integrating the procurement and payment data directly into their existing accounting systems.
Your new Procurement Process:
Select suppliers that are part of the InoviumPOPS supplier community
Save the shopping cart information
Dual catalog system (Premier system) ­ one client­specific and one universal ­ you will be able to search multiple catalogs simultaneously, and very quickly
Data is then passed from the shopping cart to InoviumPOPS
Data is sent into the requisition process on demand, where data is split by the supplier.
The user has the ability to edit the requisition, add ship to addresses, shipping instructions, FOB status and terms and conditions.
Requisition is sent to the appropriate approving parties for review in accordance with rules developed by the Buyer Administrator.
Approval authorization can be identified by individual and/or by department for the ultimate in system administration
Add Payment Capabilities:
Requisition Approval Process
Order Placement
Sending to Supplier
Validation from Supplier
Receiving Goods/Product
Invoice & Validation
Payment Approval Process
Scheduling of Payment
Securing of Payment from Buyer
Substitute expensive credit card transactions for low cost electronic checks (ACH) and reduce your fees
Sending the Payment to the Supplier including proper documentation so Supplier can apply the payment

 

Inovium also has a Premier system available that offers advanced Supplier and/or product searching capabilities, available only
through a private license arrangement

 

 

 

 

 

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