Eyvo eProcurement Solutions

What is Eyvo eProcurement Solutions?

Eyvo eProcurement Solutions is an advanced, AI-powered procurement software designed to modernize and automate the entire purchase-to-pay (P2P) lifecycle for contemporary enterprises. Marketed under the product name eBuyerAssist (eBA), this cloud-based platform streamlines every stage of procurement, from initial requisition and approvals to supplier management, inventory tracking, and invoicing. By leveraging Artificial Intelligence and Optical Character Recognition (OCR), Eyvo aims to reduce manual paperwork and associated errors by up to 90%. The software provides a secure, transparent, and completely paperless procurement environment, integrating seamlessly with major ERP and accounting systems to eliminate data silos and enhance operational efficiency.

Why Choose Eyvo eProcurement Solutions?

• Intelligent Automation: Eyvo's AI-driven engine automates complex purchasing workflows, freeing up procurement teams to focus on strategic initiatives rather than manual data entry and paperwork.
• Complete Visibility and Control: The system offers real-time budget visibility before an order is placed, ensuring all purchases align with financial constraints. Its comprehensive analytics dashboards provide deep insights into spending patterns and supplier performance.
• Seamless Integration: Eyvo is designed to connect effortlessly with your existing technology stack, including legacy purchasing software, ERP systems (such as SAP), and accounting platforms (including QuickBooks, Sage, and Xero), as well as messaging apps like Slack, Microsoft Teams, and WhatsApp. This ensures a unified data flow and a single source of truth.
• Global Scalability: The software easily handles complex organizational structures, supporting multiple users across different legal entities, currencies, and countries without creating data silos.
• Enterprise-Grade Security: Security is paramount, with support for modern authentication protocols like Single Sign-On (SSO), Two-Factor Authentication (2FA), SAML, ADFS, and OKTA, plus FIDO-based passwordless authentication, to protect sensitive procurement data.
• High Customization: Eyvo modular design allows businesses to select and implement only the features they need, creating a tailored solution that fits their unique operational requirements.

Advanced Features of Eyvo eProcurement Solutions

• 3-Way Matching with OCR: Automatically matches purchase orders, goods received notes, and supplier invoices using advanced OCR technology, significantly reducing invoice processing time and preventing payment errors.
• Supplier Portal: A dedicated collaborative space where vendors can manage their profiles, acknowledge purchase orders, and submit electronic invoices, improving communication and efficiency.
• Sourcing & RFx Management: Includes powerful tools to create and manage sourcing events, allowing you to run Request for Quotation (RFQ), Request for Proposal (RFP), and Request for Information (RFI) processes directly within the platform.
• Inventory Tracking: Provides real-time visibility into stock levels across multiple locations. The system can automatically trigger reorder requests when inventory falls below predefined thresholds.
• Punchout Catalogs: Enables users to shop directly from approved supplier websites (punchout catalogs) from within the Eyvo interface, ensuring contract compliance and simplified ordering.
• Mobile Application: A dedicated iOS and Android app allows users to manage requisitions, approvals, and other critical tasks on the go, ensuring procurement processes never stall.
• Audit Trail: Captures a detailed, timestamped history of every action taken within the system, ensuring full transparency and compliance for auditing purposes.

Modules of Eyvo eProcurement Solutions

• Request for Quotation (RFQ)
• Request for Information/Proposal (RFI/RFP)
• Invoice Module
• Asset Register
• Inventory Management Module
• Expense Management Module
• Goods Receiving
• Integration with 3rd Party Accounting Software
• Recipe Module
• Multi-Currency & Multi-Company Support

How to Use Eyvo eProcurement Solutions?

1. Requisition: Users create purchase requisitions for goods or services through an intuitive interface.
2. Requisition Approval: Requisitions are automatically routed through predefined, multi-level approval chains based on value, department, or other rules.
3. Order Creation: Once approved, requisitions are converted into formal purchase orders by the purchasing team.
4. Order Approval: The final purchase order undergoes a final approval check to ensure accuracy and budget compliance.
5. PO Issuance: The approved purchase order is electronically dispatched to the vendor.
6. Receiving: Upon delivery, goods or services are recorded in the system, updating inventory and order status.
7. Invoicing: The vendor submits an invoice, which is automatically matched against the PO and receiving documents.
8. Payment: Once the invoice is verified and approved, it is sent to the integrated accounting system for final payment processing.

Eyvo eProcurement Solutions Pricing

Eyvo eProcurement Solutions price starts at INR 500 at techjockey.com.

The pricing model is based on different parameters, including extra features, deployment type, and the total number of users. For further queries related to the product, you can contact our product team and learn more about the pricing and offers.