Automates the entire process of Purchase- from Creating PO in the currency your suppliers deal in, to setting your own goods measurement scale.
Monitor the status of approval or verification from managers, receive the goods fully or partially, convert to invoice fully or partially, validate the purchase return with PO, email instantly and more with just click of a button.
Export all Purchase documents as PDF or even sent emails straight from Tranquil to your suppliers.
Additionally, Tranquil Procurement Management Software provides on-page information of PO status, GRN status, and purchase invoice status so that you can save time and avoid searching for or monitoring each PO.
Get a complete snapshot of your suppliers’ details with a detailed history of transactions. Manage your suppliers’ details, set credit limits, and attach documents. Tranquil automatically deactivates suppliers, triggered by their registration expiry date.
Tranquil Procurement Management Software automatically populates the list of items that reaches the minimum level by setting the minimum quantity in the product master.
You can create a purchase order from the auto-reorder screen with just one click.
Never have too much or too little stock again.
Accurate gross margin on every unit of stock using advanced landed costing options.
With the easy addition of extra charges while receiving the goods you will now have accurate cost prices calculated for you across all your inventory.
In Tranquil Procurement Management Software, track as many landed costs as you require — there is no practical limit. Commonly used landed costs include: custom duty, brokerage, freight, insurance, storage, and many more.
This allows you more accurate reporting and better cashflow management.
The landed cost can be distributed automatically to each line of item in 3 categories like equal, price and quantity.
Tranquil records the entire purchase history and provides you detailed item-wise purchase report.
Thus Procurement Management Software allows you to minimize the financial losses, enabling intelligent decision-making and providing access to comprehensive vendor information.
It empowers you with the right information to choose the right supplier.
When you are ready to pay a supplier, you can use the supplier payments feature to easily see how many unpaid orders you have from a specific vendor. Then create a payment transaction either fully or partially or even in advance.
Tranquil handles multiple options to pay and track supplier payments.
Once you make the payment you can notify your suppliers via Email straight from Tranquil, letting them know their payment is on its way.