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TenderBoard eProcurement System

Status: Unverified

TenderBoard offers an eProcurement platform designed to transform procurement processes. It digitalises and automates the source-to-pay process, improving procurement efficiency and supplier management, and a seamless integration into Netsuite ERP. It is a flexible, Cloud native Procurement System that can be configured to fit your needs. Our Source-to-pay allows you to manage your purchase requests, sourcing, purchase orders, invoices and approvals on a single platform before effortlessly transferring the information into NetSuite. Users on TenderBoard transact with suppliers without cumbersome paperwork or processes, working with increased governance and procurement data reports for better spend management.

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Description

The Flexible Procurement System that Fits Your Needs

TenderBoard’s eProcurement system provides the tools to help you get the most out of your procurement. Our Cloud native portal digitalises and automates the process, giving you oversight and control of your purchases.

It can be configured to fit into your company’s processes to provide intuitive workflows for easier adoption, and it allows you to manage and transact with your suppliers on a single platform. Once the purchase is made, our effortless integration into NetSuite seamlessly transfers your information so you have all the information where you need it, when you need it.

Key Benefits

  • Fully configurable automation for even complex workflows and approval routing.
  • User Friendly to drive successful adoption for all stakeholders, including suppliers you work with.
  • No Code/Low Code deployment for faster Time To Value.
  • Track budget and contract spend across departments and locations in real time.
  • Track and retrieve purchases and communication on a single platform for easier audits.
  • Ensure procurement compliance without bottlenecks.

Customer Quote

MINDS has partnered TenderBoard since June 2017. The Team has been professional, knowledgeable and committed in providing their guidance, support and solutions, ensuring that it is a user friendly system built with good general practices and controls. TenderBoard is a trusted partner and we appreciate their responsiveness.

– Terence Wong

For the Next Generation Procurement

Manage your procurement with ease and efficiency with a truly flexible system so your team only sees what they need to, when they need to.

Centralise your spending decisions with clear oversight on purchases happening, and track spending in real time.

Optimise your suppliers’ value with Strategic Sourcing and manage your POs, contracts and budgets in our Procure-to-pay module.

Consolidate all communication and activity on a single platform for tracking and audit trails.

FEATURES

Source-to-Pay

Eliminate paperwork and manual processes by digitalising and automate the source-to-pay process.

TenderBoard’s S2P includes Strategic Sourcing and the Procure-to-Pay process to optimise vendor value and automated workflows to reduce approval bottlenecks and improve communication.

  • Strategic Sourcing: Manage tenders, RFQs and direct purchases on a single platform.
  • Procure-to-pay: Allow teams to streamline workflows and collaborate for better decision making.

Enhanced Sourcing

Optimise your procurement process and maximise suppliers’ value with greater management and evaluation

  • RFQ Manager: From a single project, create multiple related RFQs, which can be consolidated back easily, to track and manage final costs effectively.
  • Automated Evaluation & Bid Scoring: Define your evaluation matrix for the system to automatically score and recommend suppliers based on your criteria.

Supplier Management with Vendor Portal

Collate, manage and track vendor information as you continue to work with them on a single platform

  • Consolidate Supplier Interactions: All supplier  communication and interactions, from submission of quotations, invoices, and forms as well as receiving purchase orders, are consolidated into a single platform.
  • Frictionless Onboarding: TenderBoard's frictionless supplier onboarding process ensures you face minimal resistance from suppliers in adopting the system.
  • Automate Supplier Forms: Create and send supplier forms automatically, and let the system pre-check submissions before routing for approvals.

Budget Management

Sync budget codes with NetSuite and track budget spend in real time as purchase requests are raised and flowed through the approval process. Purchases in various stages are marked accordingly in Budgets as available, reserved or spent.

  • Centralised and simplified budgeting
  • Real time spending management
  • 360 degree view of budget

Contract Management

Flip RFQs and approved quotations into contracts for your staff to access and use. Price lists are stored on the platform and spend is tracked as purchases draw down on contract value.

  • Track and encourage utilisation: Assign contracts to users and allow them to draw-down from the contracts while the system tracks the utilisation rates.
  • Never miss a renewal: Let the system remind you when it's time to renew your contracts, giving you ample time to prepare and negotiate.
  • Integrated with Source-to-Pay: Go from Contract to Purchase Orders and Invoices in a few clicks. A truly fuss-free contract utilisation experience.