Top Rated PRM360 Alternatives
We are using PRM360 for managing our vendor Invoices. We use it for invoice approvals. Our approvals are location specific and value based. Before PRM360 was introduced to us, all our approval process for invoices was manual. Our Management introduced PRM360 for managing invoices through the system. From an end user point of view, this system provides capabilities to upload the invoice against a given PO number and I can have a track of events in the approval cycle and can see POs and Invoices together Review collected by and hosted on G2.com.
The Invoices are to be viewed by clicking on a link. Instead if it can be viewed all time on the screen it will be very helpful. The system does not take the data directly from uploaded invoice as we are not using the system with OCR; if it comes with OCR we can further reduce the time of data entry. OCR should be made by default Review collected by and hosted on G2.com.
139 out of 140 Total Reviews for PRM360
Overall Review Sentiment for PRM360
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PRM360's application's vendor bidding process is very well organized. As a payment option, our company has selected assistance over the bidding process. The tool also has a feature where it can assist the vendors in participating in the auction without any obstacles. The good thing is that they have separate vendor support that receives training from PRM360 trainers. We would like to use PRM360 in the long run as the tool is easy to use and understand what needs to be done. Review collected by and hosted on G2.com.
Occasionally, our vendors were unable to participate in the bidding or submit quotations, but support is provided. Simple modifications to the application can easily resolve the majority of recurring issues. As a result, we suggested some layout adjustments that made it easier for our users to work effectively. But the support team has taken care of the issues which we raised and resolved them quickly. We are fine with using the PRM360 tool. But would suggest that they make note of our requirements at the start itself. Review collected by and hosted on G2.com.
The advantage of PRM360 is numerous, it provides sync with ERP system, it has simple UI interface which makes users easy to adapt to this solution. The catalogue management, contract management make it easier for issuing order to vendors. A strong auction tool also provides the benefits of conducting auction with complete transparency. Vendors Portal enables vendors to participate in quotation submission online along with submission of Invoices. A workflow management tool enables to configure workflows across the process. Invoice management let Invoices been process in ERP post validation and approval. Review collected by and hosted on G2.com.
The workflow and UI interface need to be enhanced. The product support team should be more responsible to communicate the stages of the issue resolution. Rest all okay. Review collected by and hosted on G2.com.
It is easy to use interface has made us conduct auction with our vendors with ease. Vendors acknowledge the process and enthusiastically participated in the auctions conducted. The buyers quickly adapted to the application and they found, the team were able to analyse on the procurement spend the saving they could bring in. Post auction report has made the buyer work more easier in helping them understand the negotiation approach the vendors have followed and enabling them to choose the right buyer for their requirements Review collected by and hosted on G2.com.
A big fan of the auction tool but still I think the application needs the built-in Workflow tool for various steps. That is the only missing point on the system. Review collected by and hosted on G2.com.
PRM360 solution highly customizable platform that provided solution through which we can make faster decision and able to finalize vendors in shortest time. It has very good features of catalogue management, contract management, RFQ process and conducting auction. It’s easy to operate platform where the users and even vendors found it the best platform to share RFQ’s and submit quotes. comparative preparation sheet is prepared automatically and hence we need to spend time and effort in preparing it. auction with vendors are been conducted with greater transparency Review collected by and hosted on G2.com.
The application is full of pros but would appreciate if the UI design becomes more attractive, Costly product for customizations, and additional modules they are offering. Review collected by and hosted on G2.com.
A tight integration with ERP system key features of this solution which provided a perfect sync between PRM360 and ERP. Our users and Vendors appreciated the timely available of all the required data. Vendors were presented a platform where they have all the information which they basically used to communicated through email. a perfect log of all the process made every user accountable for their activities. Submission of invoices by vendors, tracking of procurement spend are the highlight of the solution. Review collected by and hosted on G2.com.
The application is the good option for P2P automation , but I still advised team for better UI option. More dashboards and analytices options would be appreciated. Review collected by and hosted on G2.com.
The whole P2P process get automated with PRM360 application, it has added more value to the organization, they provide option to consolidate PR’s, template driven RFQ’s, notification to vendors until they submit their quote has made our work smarter. Vendors actively participate in Quote submission and also in auction. All the reports of auction get generates. a proper approval system ensure vendors get finalized post approval only. The integration with ERP ensure that all the data like PR’s , PO’s are in perfect sync Review collected by and hosted on G2.com.
The UI interface needs to be more enhanced and performance can be improved. Rest everything is good they have interactive reports which helps us in completing our regular work quick. Review collected by and hosted on G2.com.
Streamline your procurement process with PRM360! Their user-friendly interface makes it easy to track RFQs, PRs, POs, and savings in the PRM. It is simple to use and helps keep all your procurement-related data in one place.Got the detailed insights in our procurement process and improved efficiency with their quick, simple platform. The department based dashboard hepled me in tracking the work of our each team and the revenue generated by each team.Their responsive customer success team is always on hand to provide fast, reliable support when you need it. Review collected by and hosted on G2.com.
Initially it was tough for us to consolidate our master data and share it with PRM team but at the end they helped us in taking our data dump and giving us an solution with it. Review collected by and hosted on G2.com.
The Vendor portal fetch many advantage to the organization. Being a web application, vendor find it easy access to the system when required. Vendors gets notified if shortlisted for quote submission, they can submit the quote through portal. They get to know the status of their quote submitted. They can view Purchase Order when honoured with PO hence no need to send any mail to them for PO. The PO can be acknowledge by vendors. It also provides delivery management system where vendors can inform organization about the deliveries. and also they vendors can submit their invoices and have track on it Review collected by and hosted on G2.com.
Vendors though given with various options few vendors partially participate as they are more convenient with mobile app, hence mobile app is needed in PRM360. Please improve the UI of the system. Review collected by and hosted on G2.com.
The implementation of PRM360 Invoice Management has brought manifold benefits to the organization, our long vision to have automated invoice process was realized. Invoices received with more structured way, we need not spend time in scanning those invoices, checking multiple transaction for correctness of Invoices. PRM360 provides an option where vendors can directly send invoices and also track the status of Invoices. Invoices then are checked with different rules and post that Invoices are posted in ERP system. PRM360 provides a seamless integration with ERP system Review collected by and hosted on G2.com.
Mobile app for this process would have been a great advantage which would have enables vendors to submit and track the status of Invoices anytime. I am not happy with the support sometimes. Review collected by and hosted on G2.com.
PRM360 is a wonderful tool. I could reduce my RFQ floating timelines using the tool. It allows me to set reminder notifications to vendors forcing them to submit bids online in time. It gives me price hints based on the previous history helping me to set up price limits to vendors and thereby increasing savings on my bids. It also provides the suitable vendor names based on our previous engagements of similar requirements, which make our job smoother in sending RFQ to right vendors. Review collected by and hosted on G2.com.
PRM360 is a very useful tool. Though I like this tool very much if there are feature enhancements like allowing for more than 2000 line items at one go it would be good. I was told by my Manager that with our current engagement with them, it allows only up to 600 line items. Review collected by and hosted on G2.com.
