The thinkgroup Value Added Network (VAN) solution allows companies to seamlessly develop, integrate, streamline and manage their business workflows. The VAN solution features patented functionality for developing innovative catalog management and contract compliance, through a SaaS model.
The flexibility of the VAN solution empowers companies to build and deliver customised business applications for their sales, administration, finance and logistics functions.
Some highlights of the thinkgroup VAN solution are summarised in the table below.
Featured Functionality
thinkgroup VAN Solution
Product Content Management
Patented automated cataloging capability uses learning algorithms to identify the same product from different vendor catalogs and create a single instance with standardised descriptive attributes. Eliminates need for suppliers to standardise product descriptions and messaging; speeds supplier adoption.
Catalog of Catalogs
The content management capabilities of the system enable it to act as a ‘catalog of catalogs’, representing a single product available from many different suppliers
Approved Items
System supports tagging of catalog items as approved items
Separate Branding
System supports multi-tenant solution for SaaS delivery: different buyer groups see their own ‘website’ tailored to their requirements. Will support different agencies/departments having different descriptions of same product.
Full Transacting Capability
Requisitions, orders and invoice documents can all be transmitted / received to and from suppliers and other hubs
Configurable Workflow and Approvals
Workflow engine with configurable logic rules
Message Protocol Support
All current standards for data messaging and API exposure are supported
Transaction Analytics
Product price profiling inbuilt in system; normalised data model supports easy extract and export for simple (Excel) or complex (BI) analytics
Requisition Consolidation
System can consolidate requisitions to expedite approval process
Order Consolidation
System can consolidate orders for same supplier, to reduce transaction traffic in the P2P process chain
Multiple Shipping Locations
Orders can handle multiple items with different shipping destinations
Shopping Basket Look and Feel
Catalog-procurement uses shopping basket metaphor; expedites user uptake
Search
Fast and accurate search response enhances user experience
ERP Integration
Proven integration with supplier and buyer ERP systems
Invoice Reconciliation
Suppliers can submit invoices into system for reconciliation with POs and goods receipt notes
P-card Support
System supports payment of P-card
Contract Integration
System validates PO pricing against contract pricing to ensure contract compliance and minimise invoice price queries
Self Invoicing
System can generate invoice from PO, eliminating need for supplier invoicing
If you'd like more information about thinkgroup VAN solution please call thinkgroup on 1300 36 99 93 or email us at: sales@thinkgroup.com.au