Procurement

Owned by Enterprise IT
Last updated: Apr 23, 2024 by Mayuresh Balaji Kamble (Unlicensed)Version comment
2 min read
 SummitAI Procurement
Procurement
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END-OF-SUPPORT (EOS)

Sep 1, 2022

Symphony SummitAI is informing you that Alps Release family has reached End-Of-Support state starting from Sep 1, 2022. This change is in accordance with the SummitAI Products End-of-Life (EOL) Policy.  

An alternate option is to upgrade to the latest SummitAI Tahoe SP3 Release that will provide you rich feature-set.

SummitAI Procurement module is a centralized platform to control and monitor all the activities related to procurement of goods and services. It includes requirement understanding of goods or services to be purchased, process of placing order, and the process of receiving the requested goods or services. The SummitAI Procurement module ensures that all the purchases are streamlined, tracked, and managed. These are some of the distinct features of the SummitAI Procurement module:

  • Budget Configuration
  • Workflow Process Automation
  • Vendor Creation and Evaluation
  • Purchase Request
  • Purchase Order
  • Quote Comparison
  • Goods/Service Received Note (GRN/SRN)
  • Export Goods from GRN to Inventory
  • Invoice Generation and Payment

To more about the SummitAI Procurement Module and the workflow, see Procurement Cycle.