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What is PRM360?

PRM360 stands out as the ultimate solution for your Procure to Pay needs, integrating all related processes seamlessly. Its industry-leading capabilities include the ability to post requirements digitally, receive automated vendor quotations, and have those offers evaluated by advanced systems. The Online Bidding feature empowers purchasing officers to select the most advantageous deals, which can save them between 5 and 15% of their time. Furthermore, PRM360 enhances the payment process by proactively reminding vendors about invoice submissions and facilitating online clearance approvals, which boosts vendor satisfaction significantly. This efficiency also spares the purchasing team from the tedious task of follow-ups. According to analysts, users of PRM360 can experience an impressive 300% return on investment compared to other Procure to Pay solutions available today. By adopting PRM360, organizations can not only streamline their procurement processes but also unlock substantial financial benefits.

What is ChAI?

To effectively identify the most opportune moments for acquiring vital raw materials, create a persuasive narrative for internal stakeholders, identify ideal hedging times, negotiate favorable terms with suppliers, or define a hedge ratio, ChAI stands out as the perfect solution. This intuitive web application enables users to harness unbiased forecasts for material and energy prices by utilizing AI to scrutinize a vast array of pertinent data, including satellite imagery and the China 300 Index. Within a single quarter, fluctuations in the prices of certain crucial commodities can reach up to 20% of total spending, underscoring the importance of timing and pricing in procurement. Hence, securing purchases at the most beneficial moments is essential for procurement professionals and their companies. ChAI streamlines the task of determining the optimal timing for raw material acquisition by delivering numerical predictions for one week and six months into the future. Each of these forecasts is supported by clear explanations, equipping procurement experts with valuable insights to enhance negotiation strategies and refine purchasing practices. This innovative methodology not only bolsters decision-making but also plays a significant role in advancing cost management and strategic planning within the organization, ultimately leading to a more agile and informed procurement process. The result is a more resilient supply chain that can adapt to market changes with increased confidence.

Media

Media

Integrations Supported

Dash

Integrations Supported

Dash

API Availability

Has API

API Availability

Has API

Pricing Information

Contact PRM360 for prices
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

PRM360

Date Founded

2015

Company Location

India, Hyderabad

Company Website

www.prm360.com

Company Facts

Organization Name

ChAI

Company Location

United Kingdom

Company Website

chaipredict.com

Categories and Features

Billing and Invoicing

Billing Portal
Contact Database
Contingency Billing
Customer Portal
Customizable Invoices
Dunning Management
Hourly Billing
Invoice History
Mobile Payments
Multi-Currency
Online Invoicing
Online Payments
Payment Processing
Project Billing
Recurring/Subscription Billing
Service Ticket Billing
Tax Calculator

Catalog Management

Catalog Creation
Content Library
Content Management
Cross Selling Functionality
Custom Product Attributes
Customizable Catalogs
Desktop Publishing
Pricing Management
Product Comparison
Search

Contract Management

Buy Side (Suppliers)
Completion Tracking
Compliance Tracking
Contract Lifecycle Management
Electronic Signature
Full Text Search
Government Contracts
Pre-built Templates
Sell Side (Customers)
Specialty Contracts
Version Control
Workflow Management

Procure to Pay

Billing & Invoicing
Budgeting / Forecasting
Compliance Management
Contract Lifecycle Management
Financial Reporting
Integration Management
Inventory Management
Order Management
Vendor Management

Procurement

Asset Management
Auction Management
Bid Management
Budget Management
Catalog Management
Contract Management
Inventory Management
Invoice Processing
PunchOut
Purchase Order Management
Receiving
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Spend Management

Approval Workflow
Budgeting / Forecasting
Expense Tracking
Multi-Currency
Prepaid Cards
Procurement Management
Receipt Management
Spend Analysis
Spend Control
Supplier Management

Vendor Management

Audit Management
Contact Management
Customer Database
Self Service Portal
Supplier Master Data
Transaction History
Vendor Maintained Profiles
Vendor Managed Inventory
Vendor Performance Rating
Vendor Qualification Tracking

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