Research shows that company spend significant amount of time, resources and money in sending Indents, receiving purchase order quote, invoices, shipping and payment. TeraBiz can eliminate the manual intervention and reduce your costs exponentially by reducing the buying cycles, cutting supply costs and lower the processing costs
Enterprise-wide common purchase experience with approval workflow, cost allocation, and real-time budget visibility. From Purchase to Pay everything can be done under a roof with our app
Strategic sourcing capabilities including discover, connect, and collaborate with new suppliers. And follow and review them for the product categories and service catalogs.
Vendor Portal for self-service based onboarding and vendor managed inventory. Evaluate suppliers using scorecards and their records and experiences.
Budget allocation and spending control and analytics at various levels.You can send RFQ’s and get the best quote according to your budget with this app, this way you can allocate your budgets accordingly.
Automate contract workflows including define price list, payment terms and duration terms and document exchange and upcoming contract alerts. AP Automation/Compliance: Automate Accounts Payable through E-invoicing and payment workflows. Offer early payment discount options to suppliers.