Electronic communication with your suppliers eliminates manual processing of RFQs and POs, manual follow-ups, emailing to multiple recipients and re-entry of responses from suppliers into your back-end system
InstantConnect with your key suppliers immediately! Suppliers don’t need to install any special software or pay any fees to receive and respond to your procurement documents, effectively eliminating any barriers to collaboration and ensuring rapid ramp-up
Resonance Core P2P provides the value-added functionality your buyers need to scale their operations to handle more with less as well as to ensure compliance with your policies
Resonance Extended P2P incorporates the most advanced best practices in procurement, planning and materials management
Large view
Resonance Core P2P Key Capabilities
Strategic / Long Term Agreements
Integration between Divisions
Auto-Follow-up / Reminders to Suppliers
Auto-Expedite
Supplier Managed Inventory & Replenishment / Kanban
“PO-Less” Procurement
Automated Attachments and Flow-down notes to Suppliers
100% Supplier Integration
Resonance Extended P2P Capabilities
Data Normalization
Consolidation, Allocation, Data Translation
Vendor Managed Procurement
Compliance Labeling
Cross-location Stock Visibility (XSV)
Real-life Customer Benefits:
Average procurement cycle time reduction: 40%
AP invoice matching issues reduction: 50%
Process efficiency improvement: 15%
Communication costs reduction: 85%
Error reduction: 90%
Total supply chain costs reduction: 4.5%
Average implementation time frame: 120 days