Abstract: An electronic procurement system (2) characterized by the presence of a virtual catalog (12) in addition to the internal hosted catalog (4), wherein the virtual catalog (12) is comprised of a list of items not found in the internal hosted catalog (4) of the electronic procurement system (2), wherein the list of items present in the virtual catalog (12) are fetched from punchout websites (8) connected with the electronic procurement system (2), wherein the process of creation of the virtual catalog (12) is facilitated by a processing means (6) and broadly comprises steps such as data search, data extraction, data storage, data alignment, data collation and data publishing, wherein the data refers to the query item name (3) entered by the requester (1), and wherein the electronic procurement system (2) is easy to use, convenient, efficient, user friendly and eliminates cumbersome data requisition steps.

Abstract: An invoice payment system involving smart electronic means which is enabled to read, reply, segregate, de-duplicate and appropriately mark undisputed emails with genuine payable invoice for payment; wherein the “payment query” emails are resolved by generating automated replies based on email content; and wherein the emails for payment marked “add invoice” include the steps of: (i) identification and classification of received emails; (ii) eradicating duplicate invoices; (iii) checking dispute if any with associated invoice or supplier; and (iv) if all checks are appropriate, then flagging the email with a green mark for further processing of the invoice by the smart electronic means.

Abstract: A system and method for assisting in negotiations for commercial transactions is described. This computer implemented system and method assists in negotiations with multiple negotiating parties on various parameters to collaboratively come to a conclusion beneficial to the Buyer organization during sourcing event. The system begins by receiving a quote from a negotiating party in the form of a message on a device. The system then prepares to initiate the negotiation response suitable for a particular negotiating party based on various operating parameters such as time parameters, sentiment parameters, item and price parameters, culture parameters and also negotiating party database. Based on all these parameters, the systems prepares a counter negotiation response which is sent to the negotiating party on behalf of the buyer and negotiating party further responds to the message. It provides productive, adaptive, secure and efficient negotiation skills for conducting commercial transactions.

Abstract: The present invention describes an electronic system associated with financial transactions, particularly to offsetting of invoice/s obligations and methods utilized to complete those offsetting transactions such as select, schedule, purchase, fulfil, track and settle invoices using dynamic discounting using handheld device/s. The system provides a means to propose a discount offer for early payment to an electronic invoice and another means to accept or reject the discount offer. Further, an auto extension parameter for each of the said plurality of discount offer is provided. The system calculates the new discount offer pertaining to the invoice and provides a new auto populated discount offer to the invoice while accessing through web enabled input output devices selected from the group but not limited to mobile, iPhone, iPad, Android device, Windows device, Blackberry and the like.

Abstract: Systems and processes for transformation of contractual free text discount information into discount amount, wherein external contract templates are uploaded into a contract management system. Discount related free text clauses are extracted from uploaded contracts by clicking on discount related clauses. Storing means store the extracted clauses tagged to the contract identify by mapping of the field, followed by generation of an e-invoice by pulling the information from contract management into relevant discount information on a supplier portal for creating the invoice. An e-invoice template is filled up with contract identity, followed by mapping of the extracted discount related clauses tagged to that contract, which is stored in the contract management storing system. The system analyzer calculates the discount amount, and transfers same to the requisite field of the invoice template of the e-invoice system. Final calculation of invoice amount is done by the e-invoice system to generate invoice amount.

Abstract: Systems and methods for the analysis of cost saving in a procurement process are provided. The systems include a processor unit and a computer readable medium. The computer readable medium stores instructions executable by the processor unit. The instructions are programmed to perform the steps of receiving baseline cost information, receiving purchase cost information, and computing a plurality of components of cost saving. Moreover, the instructions are programmed to transfer an indication of the computed components of the cost saving to a display device and/or a financial accounting system.

Abstract: A one view user interface system for enabling prolific viewing of products and related information is described. The one view system user interface includes: a consolidated view of supplier, category or business unit on one platform encompassing information about its spend, contracts, supplier performance programs, sourcing events and purchase orders/invoices in order to enable the user to view information pertaining to supplier, category and/or business unit. The system avoids the user having to log in into different product portals to view related information or data, thereby helping the user to know the supplier related information while remaining in any one of the procurement tools and the user is not required to switch over from one product to another product.

Abstract: A computer based system for spend analysis solution through strategies for mining spend information, the system comprises a processor unit; and a computer readable medium storing instructions executable by the processor unit comprising classification system adapted to classify spend data in accordance with pre-determined parameters of classification; categorization system adapted to categorize classified spend data based on pre-defined parameters; input system adapted to input pre-defined fields in relation to category of spend data, supplier information, payment terms, contracts or contract terms, and other pre-defined dimensions; saving strategy analysis engine adapted to analyze classified and categorized spend data based on pre-determined strategies, the saving strategy analysis engine further comprising category based saving strategy analysis engine adapted to output saving strategy per identified category inputs; and supplier based saving strategy analysis engine adapted to output saving strategy per id

Abstract: An integrated system and method is described for calculating savings at several stages of the procurement cycle by auto-fetching spend data into a savings tracker system. The system includes: an integrated spend data input system adapted for auto-fetching of baseline spend data from a respective integrated system at each stage of the procurement cycle; a savings computing system adapted for computing savings at several stages of the procurement cycle by comparing auto-fetched baseline spend data and spend information at each stage of the procurement cycle by general formula: (auto-fetched baseline spend data)?(spend data at a specific stage of the procurement cycle)=(savings at the respective stage of the procurement cycle); and a display system adapted for displaying savings at the respective stages of the procurement cycle.

Abstract: A one view user interface for enabling prolific viewing of products and related information is described. The one view system user interface includes: a consolidated view of supplier, category or business unit on one platform encompassing information about its spend, contracts, supplier performance programs, sourcing events and purchase orders/invoices in order to enable the user to view information pertaining to supplier, category or business unit. The system avoids the user having to log in into different product portals to view related information or data, thereby helping the user to know the supplier related information while remaining in any one of the procurement tools and the user is not required to switch over from one product to another product.

Abstract: System and method for analysis of cost saving in a procurement process are described. The system includes a processor unit and a computer readable medium. The computer readable medium stores instructions executable by the processor unit. The instructions are programmed to perform the steps of receiving baseline cost information, receiving purchase cost information, and computing a plurality of components of cost saving. The instructions are also programmed to transfer indication of the computed components of cost saving to display device and/or financial accounting system. Moreover, the instructions are programmed to adjust at least one of the pluralities of the components of the cost saving utilizing at least one factor selected from the group consisting of currency exchange rate, commodity price, and inflation rate.

Abstract: A system containing an integration of a cost savings tracker and spend analyzer for calculating actual effective savings of a spend category in a procurement cycle is described. The system includes a cost savings tracker module and spend analyzer module. The cost savings tracker module facilitates computation of actual effective cost savings of a spend category and thus facilitates tracking of the cost savings of a spend category, while a cost component model of the spend analyzer module is intended for spend analysis that facilitates analysis of the procurement cost in relation to market indices of the underlying commodities.

Abstract: Systems and methods for a spend analysis are described, and include identifying a spend category and associating a cost component model to the spend category. The cost component model indicates one or more cost contributors to the spend category. The systems and methods also include receiving market information associated with at least a subset of the one or more cost contributors in the cost component model and outputting an analysis of spend associated with the spend category in relation to the cost component model.

Abstract: A system containing an integration of a cost savings tracker and spend analyzer for calculating actual effective savings of a spend category in a procurement cycle is described. The system includes a cost savings tracker module and spend analyzer module. The cost savings tracker module facilitates computation of actual effective cost savings of a spend category and thus facilitates tracking of the cost savings of a spend category, while a cost component model of the spend analyzer module is intended for spend analysis that facilitates analysis of the procurement cost in relation to market indices of the underlying commodities.

Abstract: An integrated system is described for calculating savings at several stages of the procurement cycle by auto-fetching spend data into a savings tracker system. The system comprises: a processor unit; and a computer readable medium storing instructions executable by the processor unit comprising: an integrated spend data input system adapted for auto-fetching of spend data from the respective systems; a savings computing system adapted for computing savings at several stages of the procurement cycle by comparing the auto-fetched baseline spend and spend at each stage of the procurement cycle by general formula: (auto-fetched baseline spend)?(spend at the specific stage of the procurement cycle)=(savings at the respective stage of the procurement cycle); and a display system adapted for displaying the savings at the respective stages of the procurement cycle.

Abstract: A system for customizing information in e-procurement process, including a selecting system adapted for selecting item(s) to be procured from catalog database, which further includes a suggesting system adapted for suggesting if the item being selected by the user is a custom made item and providing a link or button for customization for the custom made item, and a customization system adapted for customizing information in the e-procurement process by generating a category-specific web-based form based at least upon one or more pre-configured decision rules. The system helps to order custom required goods, which aids in providing custom requirements and specifications through web-based forms at the time of ordering and thus avoids mentioning of custom requirements each and every time when the item is ordered.

Abstract: A system containing an integration of cost savings tracker and spend analyzer for calculating actual effective savings of a spend category in a procurement cycle; the system comprises cost savings tracker module and spend analyzer module; cost savings tracker module of the present system facilitates computation of actual effective cost savings of a spend category and thus facilitates tracking of cost savings of a spend category while Cost Component Model of the spend analyzer module of the present system is meant for spend analysis which facilitates analysis of the procurement cost in relation to market indices of the underlying commodities.

Abstract: System and method for analysis of cost saving in a procurement process are described. The system includes a processor unit and a computer readable medium. The computer readable medium stores instructions executable by the processor unit. The instructions are programmed to perform the steps of receiving baseline cost information, receiving purchase cost information, and computing a plurality of components of cost saving. The instructions are also programmed to transfer indication of the computed components of cost saving to display device and/or financial accounting system. Moreover, the instructions are programmed to adjust at least one of the plurality of the components of the cost saving utilizing at least one factor selected from the group consisting of currency exchange rate, commodity price, and inflation rate.

Abstract: System and method for spend analysis are provided. The method includes identifying a spend category and associating a cost component model to the spend category. The cost component model indicates one or more cost contributors to the spend category. The method also includes receiving market information associated with at least a subset of the one or more cost contributors in the cost component model and outputting an analysis of spend associated with the spend category in relation to the cost component model.

Abstract: A computer based system for spend analysis solution through strategies for mining spend information, the system comprises a processor unit; and a computer readable medium storing instructions executable by the processor unit comprising classification means adapted to classify spend data in accordance with pre-determined parameters of classification; categorization means adapted to categorize classified spend data based on pre-defined parameters; input means adapted to input pre-defined fields in relation to category of spend data, supplier information, payment terms, contracts or contract terms, and other pre-defined dimensions; saving strategy analysis engine adapted to analyze classified and categorized spend data based on pre-determined strategies, said saving strategy analysis engine further comprising category based saving strategy analysis engine adapted to output saving strategy per identified category inputs; and supplier based saving strategy analysis engine adapted to output saving strategy per iden