Fulda is the B|KM integrated system for Purchasing Offices Management: it helps keeping relations with both internal customers and suppliers. Purchases paperwork within the procurement offices takes up to one third to half of the daily time. Fulda offers a dashboard able to automate the whole process and make it streamlined and in harmony with the Legal, Finance and Control Offices.

The watchwords are compliance and automation: in requirements, workflow, budgets and final validation.

With Fulda it is easy to check the supplier situation and apply the necessary degree of flexibility (or rigidity) in the management of the supplier register to achieve the economic and qualitative objectives set by the Management.

• Requirements collection workflow. Demonstration of supplier selection criteria. The practices are processed by Fulda without any conflict with other control or accounting tools in the company
• Order signature management and signature delegation. Multi-channel interaction with suppliers with outbound tracing
• Direct flow from signature to automatic forwarding and certification of order delivery
• Integration with the Legal Department for contractual control, adoption of framework agreements and certification of legal compliance
• Purchase management with automatic and manual advancement according to risk thresholds or thresholds controlled by supply priorities or by the purchase volume
• Time and productivity metrics for the purchasing department
• Analysis of commitments and other metrics for suppliers and Vendor Relationship Management with supplier ratings and scoring.

VRB – Vendor Risk management & Benchmark

This feature addresses both VRM (e-Procurement) and Compliance and helps keeping a ranking and periodical compliance checks. Organizations have the opportunity to classify vendor contacts with sets of customized criteria for creating invitation lists for tenders or RFQ and RFI and perform all their compliance checks.
Together with Nova RFx, for the e-Procurement process management, Vermont provides a parallel database of contacts and possible new vendors.
By combining vendor performance with contract metrics and the Vendor Benchmark information our customers enhance their ability to better value their bargaining power and organizing, combined with Nova RFx, specific tenders or RFQ for vendor revision or replacement.

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