Product procurement has moved away from being dependent on people to answer questions, manage catalog data and send out purchase orders. Buyers are becoming increasingly more focused in their commodity buying practices – targeting total cost reduction through spend analytics, product standardization and vendor rationalization. Toreion provides an answer to your e-Procurement challenges - the Buyer Portal delivers order workflow, status visibility and tracking information to your buyers to keep them on top of the Requisition to Payment lifecycle.
eRequisition: The Toreion Procurement Portal provides purchasing organizations with visibility into approved products and prices across their supplier networks. The online marketplace controls the visibility of products at the point of requisition by allowing buyers to see only approved products in an easy to use online catalog interface. Products are added to a requisition and then routed through approval processes on check-out from the marketplace. The robust rules engine enforces enterprise procurement rules to ensure that all procurement activity is properly allocated and accountable.
Item Master File Maintenance: Toreion Managed Catalogs is a supplier self-service toolset that reduces buyer administration and increases buyer control over catalog content maintenance in the item master data file. No longer do buyers need to manually handle supplier item and price data spreadsheets. The permission based toolset includes batch data loading utilities that allow suppliers to upload content through self-serve import data routines. As well, all catalog changes can be routed through approval workflows so that buyers can schedule and approve the changes uploaded by their suppliers prior to them being live on the network.
Contract Visibility and Administration: Toreion Managed Catalogs provides workflow approval for supplier price changes. The toolset includes utilities for your suppliers to upload contract files through easy to use Excel data templates or EDI 832 document files. The price changes are staged in the system providing buyers with complete visibility into the impact of the price change based on previous period consumption as well as validating price change thresholds that may be included in a supplier contract. Price changes are presented for buyer approval prior to being loaded on the network.
Punch-out Ready Integration: The Toreion Buyer Catalog fully supports Punch-out integration with the leading e-Procurement service providers: Oracle i-Procurement, Ariba Supplier Network, PeopleSoft eProcurement, SAP Open Catalog Interface [OCI], as well as any other XML, cXML or ebXML web service Punch-out gateways.
Electronic Transaction Management + Electronic Data Interchange [EDI]: The Toreion Trading Network provides supplier on-boarding, transaction visibility and management through the Requisition to Payment lifecycle. All electronic transaction messages – outbound and inbound – from your e-Procurement systems are routed through a single connection gateway to the Trading Network. You no longer need to worry about the complexity and support costs for maintaining many different connections methods [EDI VAN, web services] and messaging protocols [EDI, XML, cXML, ebXML] with your suppliers. All inbound and outbound messages are routed on to the Network through a single managed gateway communicating with your back-office ERP system