Overview
Product Information on PRM360 Simplified Procure-to-Pay Suite
What is PRM360 Simplified Procure-to-Pay Suite?
PRM360 Simplified Procure-to-Pay Suite Pricing
Overall experience with PRM360 Simplified Procure-to-Pay Suite
“Reduced Paperwork and Error Rates ”
“Need improvement in user friendly frontend for Buyer”
About Company
Company Description
PRM360 is a product developed by a startup aiming to digitize and simplify price negotiation processes. The central goal of the tool is to increase efficiency during vendor negotiations. Designed to host and manage online negotiations, users can invite their regular vendors, obtain quotations, and perform online comparisons. The tool is aimed at creating a competitive environment promoting vendors to offer their most advantageous prices. PRM360 can be utilized for transactions of any vertical, as long as the transaction value equals or exceeds 1 lakh rupees. The tool is positioned to generate average savings of 10-15%, offering no extra implementation costs since it seamlessly integrates with the user's existing procurement process. Additional features offered by the tool include procurement pattern identification, exploration of market trends for cost reduction opportunities and vendor management services to ensure users work with competitively priced and reliable vendors.
Company Details
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Key Insights
A Snapshot of What Matters - Based on Validated User Reviews
Reviewer Insights for: PRM360 Simplified Procure-to-Pay Suite
Performance of PRM360 Simplified Procure-to-Pay Suite Across Market Features
PRM360 Simplified Procure-to-Pay Suite Likes & Dislikes
- Reduced paperwork - Increased engagement - Streamline procurement process
Analysis / Reports
The Product provides a wide range of Procurement services like: RFQ floating Vendor Quotation Submission functionality Quotation Reviewing & Accepting or Rejecting option PR creation functionality PO creation functionality GRN creation Amending the PO Invoice creation both Direct & PO Based Asset Management Vendor Master Catalogue Master Integration with other ERPs like Oracle or SAP
- Difficult to integrate - Requires significant time and resources - Provides limited customization options
Master Data like product master and Vendor master data updation mandatory columns improper. and controls resulting in improper results after integration with Oracle application
Things that could be improved further are: Make the modules of the Application more access-driven Simplifying the Workflow creation method Dedicated mobile version of the Application
Top PRM360 Simplified Procure-to-Pay Suite Alternatives
Peer Discussions
PRM360 Simplified Procure-to-Pay Suite Reviews and Ratings
- Procurement CoordinatorGov't/PS/EdEducationReview Source
Reduced Paperwork and Error Rates
It was an amazing experience. PRM360 automates the entire Procure-to-Pay cycle, reducing manual intervention and minimizing errors, which leads to faster procurement and payment cycles. - Procurement Associate<50M USDServices (non-Government)Review Source
Transforming Procurement: Exploring Innovative Vendor and Quotation Management Apps
I have been using this application for last 2yrs, it helps me in my Financial Management, by using following modules of the Application, like- PR Management, PO Management, Invoice Management, GRN Management etc. - Supply Chain Manager50M-1B USDReal EstateReview Source
Best in Market Procurement Tool to increase Transperency and Savings
We hve implemented PRM360 as a stand alone system with only couple of integration touch points at PO Level and invoice level with our ERP System. One thing which we are overjoyed about is the overall implementation timelines the team took. They just finished the implementation in a span of 4 weeks for the stand alone system with our required configurations and 2 more weeks for the integration piece. We have been using the system for the past year and half and so far have seen very little cases where i we have to go to them for suppport. - Manager50M-1B USDHealthcare and BiotechReview Source
Automate with PRM360 today for better tomorrow!
Outsmart the competition & save time & money with PRM360's automate procure-to-pay solution. Their intutive P2P product integrates seamlessly with our existing ERP system, allowing us to streamline the procure-to-pay process quickly and easily. Enjoy a complete, cost-effective solution that provides end-to-end visibility and accuracy , so you can focus on growing your business . Their automated P2P solution will revolutionize the way you do business, freeing up time and resources so you can focus on more important things. Stop wasting tome and money on manual transactions automate with PRM360 today! - SENIOR PROCUREMENT MANAGER50M-1B USDHealthcare and BiotechReview Source
PRM 360
Need to improve for user friendly frontend for the purchasers.