jNext Technology-
HeraBusiness Spend Management and Procurement Solution
Hera is a spend management solution helping organizations across the globe with their budget, procurement, purchase order, travel, expense, and invoice management. By integrating real-time spend data and using artificial intelligence to audit all transactions, corporations can see exactly what they are spending without worrying about blind spots in their budget. If streamlining your financial processes, gaining visibility into your overall spend, and releasing working capital from your supply chain are your needs, Hera can get you there quickly.
Features
Collaborative Spend Management
- See exactly where money flows
- Trends and overview insights broken down by users, departments, categories, and suppliers
- Gather data needed to set spend management policies
- Maximize spend under management
- By maximizing pre-approved spend, you get complete visibility of your entire purchase-to-pay processes
Purchasing Workflow Automation
- Streamline requesting items, travel and other expenses. Optimize approval process and tracking
- Approval chain can check the status of purchasing requisitions and approve or reject, speeding up your approval process
- Manage core purchase to pay processes: Request, approve, purchase, receive, invoice matching
- Confidently pay for the right thing with 3-way matching and built-in AI
Expense Management
- Approve and track expense across your operation
- Manage compliance for sales and marketing expenses
- Track all spending on the go and from anywhere
- Expense claim request allow faster reimbursement
Real-Time Budget Tracking
- Set up budget by department, location, projects, and more
- Real time analytics provide actual vs committed spending comparison
- Real-time dashboards and budget tracking for each budget item track current spend against goals
- Enforce budget freeze to control spend
Third Party and Supplier Management
- Leverage a central repository to easily find and access your contracts with third parties and suppliers
- Create and send purchase orders to suppliers easily
- Create supplier quality matrix and track for speed, accuracy, quality, and price
- Leverage a central repository to easily find and access your contracts
- Create approved items and services catalog for easy approval and procurement
Benefits
Mitigate Procurement Risk
Automated procure-to-pay reduces risks, processing time, and overall cost
Break Down Data Silos
All transactions, communications, and critical collaborations stays in a single interface
Avoid Duplicate Payments
Automated three-way matching to enforce compliance and prevent duplicate payments
Supplier Performance Tracking
Analyze supplier data to retrieve deeper insights, identify purchase risks, and negotiate better deals
Industries
Let Hera manage all your transactions across procurement, payments, and supply chain.
Start Here
We provide a dedicated customer success manager to all of our business partners. Contact us today for a risk-free consultation.