NegoRed (Overview)

		On the buyer side: It administers the process of the companies carried out by the employees who ask for goods and services by means of a requisition, the carrying-out of the search of options in catalogues of companies and products, the creation of the purchase order to the selected supplier, the carrying-out of payment authorization in an electronic form and on-line and the handling of payable accounts for these purchases. On the seller side: It administers the supply process and products distribution that goes from the positioning and updating electronic products and service catalogues with its business rules, the reception of the purchase order on one’s affiliated side, the control of office products, the creation and presentation of the invoice and the control of receivable accounts process of these sales. NegoRed provides the follow-up and tracking requisition service through the complete cycle of businesses, providing the information with the state of the request as much as the salesman’s and buyer’s sides. These aspects converge in the function of consolidation of purchases and sales made by an affiliated institution, which allows to diagnose in summarized form and in detail the state made to the other affiliated organizations, as well as the basic statistics of these transactions reflecting the products asked for companies, the volumes of purchase or sales and the amounts of collections and payments. In order to carry out these functions, NegoRed facilitates the connections with automated systems and internal processes, such as inventory, receivable and payable accounts and Enterprise Resource Planning (ERP). This makes possible the speed up information flow between the internal processes of the company and the external transaction front-office service
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