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FutureLog’s procure-to-pay platform offers tailor-made solutions for the hospitality industry to digitise their P2P workflows.
In hospitality, procurement is not only about supplying the company; the process of supplying goods and services must also contribute to a hotel’s operational efficiency. However, like any organisation that buys goods and services, hotels face challenges such as inefficient, old-fashioned ways of handling their ordering, invoicing and inventory management.
If you are still using filing cabinets and excel files to manage your procurement, now is the time to digitise your processes. Without a centralised e-procurement system in place, even the most seasoned purchasing managers may overlook some details and miss out on opportunities to form strategic partnerships with vendors for greater cost savings.
P2P Platform
FutureLog’s procure-to-pay platform facilitates an end-to-end procurement process, from purchasing and inventory management to invoicing and reporting. A cloud-based platform designed with hotels in mind, FutureLog aims to make the procurement journey simple and efficient. FutureLog’s e-procurement solutions offer the following features:
- Purchasing/Ordering– FutureLog’s procure-to-pay platform streamlines the ordering process in a secure environment, providing access to all suppliers in one place. Customers can place orders quickly and easily, retrieve previous orders for future use, check price comparisons and manage all their transactions centrally with full content control.
- Invoicing– A paperless approach with a digitised, transparent workflow is what is needed nowadays. From issuing to approving, invoices are handled in one central location. OCR reporting automation, CAPEX handling, contract management and a digital invoice archive are also available.
- Inventory Management– Replenish your stocks before they run out. FutureLog’s solution provides a real-time overview of stock on hand, with automated costing, menu engineering, barcode scanning technology, and POS integration for stock decrementing. Weight and temperature measurements can be recorded during the Goods Receiving process, with Bluetooth connectivity to external devices. In-house ordering is simple and local suppliers can be added easily.
- Business Intelligence & Reporting – A new feature being added to the procure-to-pay platform this year is a Business Intelligence module. This new functionality will enable users to generate customisable reports and real-time insights for all their FutureLog data.
Why FutureLog?
With FutureLog, you can significantly reduce the amount of administrative work needed in procurement workflows. Here’s why you will love FutureLog’s procure-to-pay platform:
It is a cloud-based system; thus, no installation or hardware investment is required. It is also easy to integrate with other software like financial systems, POS and Supplier ERP systems (EDI). FutureLog is available on both desktop and mobile applications (Android and iOS), making it easier than ever to work while on-the-go.
FutureLog’s procure-to-pay platform brings automation to the P2P experience, reducing the need for manual input as well as minimising the risk of human error. Say goodbye to pen and paper and instead reap the benefits of automation! FutureLog’s procure-to-pay platform will facilitate a smooth, seamless, and connected journey to save you time and resources.
