RekoChain – How it works?
RekoChain Source to Procure to Pay
Transforming Supplier Collaboration & Procurement Excellence
RekoChain simplifies and digitizes the entire Procure-to-Pay (P2P) lifecycle - from sourcing and procurement to invoicing and payment - delivering greater transparency, efficiency, and supplier collaboration.
Powered by advanced technologies such as AI and Blockchain, RekoChain automates procurement workflows including requisition management, supplier collaboration, purchase order processing, and invoice reconciliation. The platform helps organizations reduce manual effort, improve accuracy, and accelerate procurement cycles.
With real-time visibility and tracking across the procurement process, businesses can make faster decisions, improve compliance, and proactively manage supply chain risks.
RekoChain integrates seamlessly with existing ERP systems, enabling smooth data exchange and enhanced operational efficiency across enterprise procurement functions.
RekoChain – Source to Procure to Pay
Make the best out of the Best in Class P2P Platform
Features:
- Bidding forms
- Quotation comparison against multiple submissions and technical evaluation.
- Customizable Workflows for any process requirement.
- Project based WBS posting
- Service PO with milestone reminders
- Alerts and tracking on service on periodic phase.
- Short close/ Auto close based on expiry dates
- Contracts of all types with flexible addition of legal and contract terms provisioning.
Make the best out of the Best in Class P2P Platform
Features:
- Single source approval
- Sourcing approval and workflow
- One time purchases
- Blanket PO
- Forecast & Delivery schedule issuance to Suppliers
- Split Delivery by Suppliers
- Branch PO consolidation
- Reconciliation (2 way & 3 way matching)
- POD
- Batch/ Serial Management
- Price/ Quantity amendments
Make the best out of the Best in Class P2P Platform
Features:
- Requisition to Sourcing (PR, SOW, Bid List)
- RFQ & Quotation Handling (RFQ, Quotes, Comparison)
- Auction Management (Forward/Reverse)
- Approval & Contract (SAF, Contracts, Tenders)
- Order Processing (PO, SA, FS, DS)
- Shipping & Receiving (ASN, Returns)
- Invoicing & Payment
- Reconciliation
- Project & Services Procurement
- Supplier Communication (Chat, Collaboration)
Make the best out of the Best in Class P2P Platform
Features:
- Three sub modules to support any manufacturing industry on Direct, Indirect & SRM.
- Reverse/ Forward auction
- Urgent/ Addendum to PRs
- Schedule Agreements
- Supplier acknowledgement
- Dispatch management
- AP/ Credit/ Debit notes
- Integration with all ERP systems
- Handle Spare parts management based on inventory level and different locations
- Department level operations and workflow
Make the best out of the Best in Class P2P Platform
Features:
- Three sub modules to support any manufacturing industry on Direct, Indirect & SRM.
- Reverse/ Forward auction
- Urgent/ Addendum to PRs
- Schedule Agreements
- Supplier acknowledgement
- Dispatch management
- AP/ Credit/ Debit notes
- Integration with all ERP systems
- Handle Spare parts management based on inventory level and different locations
- Department level operations and workflow
Make the best out of the Best in Class P2P Platform
Features:
- Three sub modules to support any manufacturing industry on Direct, Indirect & SRM.
- Reverse/ Forward auction
- Urgent/ Addendum to PRs
- Schedule Agreements
- Supplier acknowledgement
- Dispatch management
- AP/ Credit/ Debit notes
- Integration with all ERP systems
- Handle Spare parts management based on inventory level and different locations
- Department level operations and workflow
RekoChain - Architecture
