PRM360 Features

As reported in 63 PRM360 reviews. Track usage per company, custom time period, or contract

Based on 43 PRM360 reviews. Track payments received for products that haven't be delivered yet

As reported in 58 PRM360 reviews. Consolidates procurement data from multiple systems such as ERP systems and supply chain suites.

Define rules and workflows that managers can use to approve different kinds of spending. This feature was mentioned in 58 PRM360 reviews.

As reported in 57 PRM360 reviews. Align spending across various departments such as procurement and accounting.

Provide standard spend KPIs that can be customized by users. This feature was mentioned in 57 PRM360 reviews.

As reported in 58 PRM360 reviews. Use historical spend data to create benchmarks per company or department.

As reported in 59 PRM360 reviews. Provide forecasts on future trends that may impact spending performance.

Identify savings opportunities per activity, department, or at the company level. 59 reviewers of PRM360 have provided feedback on this feature.

As reported in 70 PRM360 reviews. Manage workflows and business processes for procurement.

Provide standard procurement contracts that can be customized. This feature was mentioned in 64 PRM360 reviews.

Maintain a repository of content such as catalogs and other documents. This feature was mentioned in 69 PRM360 reviews.

Based on 69 PRM360 reviews. Define requisition rules for various types of procurement.

Manage workflows and business processes for procurement. This feature was mentioned in 67 PRM360 reviews.

As reported in 63 PRM360 reviews. Provide standard procurement contracts that can be customized.

Based on 66 PRM360 reviews. Maintain a repository of content such as catalogs and other documents.

Based on 65 PRM360 reviews. Define requisition rules for various types of procurement

Identify and assess suppliers for different products and services. This feature was mentioned in 68 PRM360 reviews.

Create and manage purchase orders for products and services. This feature was mentioned in 65 PRM360 reviews.

Include features for procurement invoicing and e-invoicing. This feature was mentioned in 66 PRM360 reviews.

Identify and assess suppliers for different products and services. 64 reviewers of PRM360 have provided feedback on this feature.

Electronically create and manage purchase orders for products and services. 66 reviewers of PRM360 have provided feedback on this feature.

As reported in 63 PRM360 reviews. Include features for procurement invoicing and e-invoicing.

Based on 71 PRM360 reviews. Improve visibility into procurement activities across the company.

As reported in 71 PRM360 reviews. Monitor the performance of procurement operations.

As reported in 66 PRM360 reviews. Analyze procurement spending and identify future trends.

As reported in 58 PRM360 reviews. Provide benchmarking options for comparison with peers

Based on 57 PRM360 reviews. Include standard spending KPIs that can be customized

As reported in 58 PRM360 reviews. Deliver reports for compliance purposes

Based on 54 PRM360 reviews. Analysis that identifies errors in AP processes such as duplicate payments, anomalies, and fraud

Based on 66 PRM360 reviews. Improve visibility into procurement activities across the company.

Monitor the performance of procurement operations This feature was mentioned in 66 PRM360 reviews.

As reported in 65 PRM360 reviews. Analyze procurement spending and identify future trends.

Track invoices based on due dates to identify overdue payments 64 reviewers of PRM360 have provided feedback on this feature.

Based on 64 PRM360 reviews. Monitor KPIs such as time to process an invoice or erroneous payments

Consolidate information from multiple sources or multiple entities This feature was mentioned in 59 PRM360 reviews.

Based on 59 PRM360 reviews. Classify information by category, supplier, or supplier

As reported in 57 PRM360 reviews. Integrate with external sources for market intelligence

As reported in 55 PRM360 reviews. Integrates with ERP systems general ledgers for transfering of AP transaction data

Ability to cleanse and consolidate AP data This feature was mentioned in 54 PRM360 reviews.

Use criteria to add or remove suppliers to/from approved lists. This feature was mentioned in 66 PRM360 reviews.

Manage communications with suppliers on multiple channels such as phone or email. 67 reviewers of PRM360 have provided feedback on this feature.

Capture and maintain documents related to suppliers and their products or services. This feature was mentioned in 68 PRM360 reviews.

Based on 67 PRM360 reviews. Compare goods received with purchase orders and document variations

Based on 63 PRM360 reviews. Provide features to capture and record invoices, such as import or scanning

As reported in 64 PRM360 reviews. Allow suppliers to submit invoices using an online portal

As reported in 64 PRM360 reviews. Deliver a central repository of AP documents, such as POs and invoices

Allows users to evaluate supplier performance using standard and custom KPIs. 65 reviewers of PRM360 have provided feedback on this feature.

Based on 66 PRM360 reviews. Provide features to compare suppliers and choose the best option for various activities.

Identify potential issues and how they may impact relationships with suppliers. 63 reviewers of PRM360 have provided feedback on this feature.

Ability to match AP invoices to POs, contracts, or payments This feature was mentioned in 62 PRM360 reviews.

Identify incomplete or late supplier payments This feature was mentioned in 60 PRM360 reviews.

Include workflows for approvals and invoice processing This feature was mentioned in 64 PRM360 reviews.

Based on 59 PRM360 reviews. Comply with local and global tax regulations for collections

Based on 60 PRM360 reviews. Electronically submit invoices to buyers

As reported in 66 PRM360 reviews. Create and manage supplier profiles that include contact and pricing information.

Based on 66 PRM360 reviews. Identify the services and products provided by suppliers, as well as certifications.

Based on 66 PRM360 reviews. Track history of all interactions and business transactions with suppliers.

Based on 63 PRM360 reviews. Provide integration with accounting and financial management software

Integrate with payment gateways and enterprise payments software This feature was mentioned in 61 PRM360 reviews.

As reported in 65 PRM360 reviews. Deliver integrations with accounting modules of ERP systems

As reported in 66 PRM360 reviews. Allow integration with procurement software, such as Procure To Pay, RFP and Spend Management

Approve, reject, or query historical payment transactions to identify anomalies This feature was mentioned in 52 PRM360 reviews.

As reported in 39 PRM360 reviews. Recover overpayments, duplicate payments, or unused credits from suppliers

Constantly evaluate AP transactions to optimize workflows This feature was mentioned in 55 PRM360 reviews.

Improves management oversight by reconciling external data against internal transaction data 55 reviewers of PRM360 have provided feedback on this feature.

As reported in 55 PRM360 reviews. Strengthens process controls by using analysis to proactively reduce errors before they happen and detect fraud risk

Report on spend transactions as they happen in real time This feature was mentioned in 55 PRM360 reviews.

Reports that allow the user to sort and filter by vendor, team, GL, department, etc. This feature was mentioned in 55 PRM360 reviews.

As reported in 55 PRM360 reviews. The ability to export reports in various formats, such as excel, CSV, and Google Sheets

Report on and track spending against budgets This feature was mentioned in 55 PRM360 reviews.

Pay vendors through a dashboard or portal and maintain vendor payment information This feature was mentioned in 55 PRM360 reviews.

As reported in 45 PRM360 reviews. Manage and execute recurring payments, such as subscriptions, services, utilities, etc.

Real-time notifications for fraudulant and/or duplicate spending This feature was mentioned in 55 PRM360 reviews.

Individual, unique cards for each vendor to help manage duplicate and overpayments 27 reviewers of PRM360 have provided feedback on this feature.

Control spend limits, expiration dates, and lock and unlock stolen or lost cards This feature was mentioned in 55 PRM360 reviews.

Provides a centralized library containing product data.

Enables users to assign custom categories to products.

Creates and manages product catalogs.

Assists with maintaining compliance with controlled processes, automated tracking, and audit trails.

Identifies revenue opportunities by providing better visibility into spend data, improving supplier relationships, streamlining procurement processes, and identifying cost savings opportunities

Provides organizations with the tools and data they need to negotiate contracts more effectively, such as data analysis, collaboration, and contract management.

Increases spend visibility into pricing and unintended or excessive use of discounts or promotions by customers.

Identifies noncompliant spending, fraud, and other activity outside of company policy.

Analyzes spending patterns and identifies areas to reduce costs.

Provides a dashboard for searching and reporting on contracts and projects.

Manages contracts in a single, online central repository.

Manages the entire contract lifecycle process by providing visibility into projects and allocating resources across sourcing initiatives.

Anticipates needs and offers suggestions without prompting

Ability to break down and plan multi-step processes

Makes informed choices based on available data and objectives

Anticipates needs and offers suggestions without prompting

Makes informed choices based on available data and objectives

Makes informed choices based on available data and objectives

Ability to break down and plan multi-step processes

Works across multiple software systems or databases

Improves performance based on feedback and experience