Vendor Management

1. Vendor Management--

Tactic is a vendor management solution that has Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) functionalities.
Vendor management systems offer great document storage, robust security, and powerful tools.
Your vendor management system can improve your organization’s efficiencies.
This tool is customizable and can run on shared, dedicated, or virtual systems.
When all your vendor data is consolidated in one location, you can manage your relationships with heightened efficiency, which your suppliers will appreciate.
As a central hub for vendor master data and record-keeping, this software can reduce the duplication of data, loss of contracts, labor costs, and errors.
Tactic offers a multi-platform suite that can be updated to the latest version.

Upload vendor master data from ERP including vendor contact details and bank account details into Co-process.
Upload from AP the vendor invoices into Co-process.
In order to pay the vendors the system produces the payment file to interface with the payment bank(s).
Centralized vendor payments streamline the payment process and bring huge savings for the Group.
The multiple payments over wide geography in many currencies are transferred into a single payment and remittance per currency to the vendor.
The system makes use of the standard-setting engine to send out remittance advice by email to all active vendors.

Create Purchase Orders, Approve, Receive and Bill your Purchase Orders.
Currently, only standard invoices are managed for supplier invoices.
If you are tracking your stock, then use the stock dispatching wizards to receive products in your warehouses.
Calculation of Weighted Average Price can be done automatically.
Take into consideration, open customer orders and open purchase orders and automatically calculate the correct quantity to buy.
Grant users and groups permissions on the workflows. Define the thresholds which will automatically trigger email notifications when they are breached.
Generate your Purchase Orders automatically.

Retrieve details of stocks and movements for a particular lot at any time.
Lots and serial management
An Admin can also set properties to your lots like Sell-by date or Eat-by-date.
Define the desired quantity for each product so that the replenishment tool will be able to generate supplier orders automatically to restore the stock.
Make a mass stock change, inventory, or transfer in one step.
Automatic virtual stock and easy replenishment process.
Use both your real stock and virtual stock to make your replenishment in just a few clicks.
Record your stock movement manually and/or configure your application to increase or decrease your stock automatically.