Prokraya

12 reviews

Prokraya is a comprehensive procurement and supplier management platform designed to automate and streamline the entire procurement lifecycle. By eliminating manual processes and reducing human errors, Prokraya accelerates procurement operations, making them up to five times faster than traditional methods. The platform offers a suite of integrated solutions, including Budget Management, Purchase Requisition, eSourcing, Catalogue Management, eInvoicing, Contract Lifecycle Management, and Spend Analytics. Prokraya seamlessly integrates with existing ERP systems, ensuring smooth data flow and providing a complete audit trail for enhanced transparency and compliance. Key Features and Functionality: - Supplier Management: Centralized system for effective risk management, performance monitoring, and supplier communication. - Purchase Requisition: Automates the creation and approval of purchase requisitions, streamlining the process and ensuring compliance. - Contract Management: Facilitates the generation, storage, and monitoring of contracts, enhancing efficiency and reducing risk. - Spend Analytics: Provides data-driven insights into organizational spending, enabling informed decisions and proactive cost control. - eSourcing: Offers a unified platform for online sourcing events, such as RFPs and auctions, improving procurement processes and reducing costs. - eInvoicing: Automates the invoicing process, minimizing human error, accelerating payment cycles, and enhancing financial management. Primary Value and Solutions Provided: Prokraya addresses the challenges of traditional procurement by automating and integrating various procurement functions into a single platform. This integration leads to significant cost savings through process automation and smoother supplier collaboration. The platform enhances efficiency by managing a growing supplier base with robust evaluation and enrollment tools. Increased transparency is achieved through streamlined data management, providing better visibility into supplier relationships. Prokraya also aids in risk mitigation by identifying supplier risks and implementing timely mitigation measures. Additionally, it offers performance insights by tracking supplier performance and compliance, ensuring adherence to service level agreements (SLAs). Overall, Prokraya empowers organizations to improve visibility, enhance collaboration, and make informed procurement decisions, transforming procurement into a strategic driver of business growth.