Infinitium Procure contains a full collection of modular servlets and applications engines that can be customized and modified to operate in different business models, which are:
1. One to Many - Market Exchange
2. Many to Many - Market Place
3. Vertical Industry Portal - Market Portal

One to Many - Market Exchange
An achor tenant accessing a centralized universal database containing catalogues from multiple suppliers.
Market Exchange acts as a private procurement system for the Master tenant and its group of companies to procure MRO related products.

Operate by the Anchor Tenant; Cost saving from centralized procurement with bulk discounts

Many to Many - Market Place
Market Place is an ideal model targeted at Application Service Provider (ASP) to leases e-procurement services on a monthly rental basis. Their customer can open an account and start using the system within hours.

Operate by the ASP Operator; Membership fees - per annum; Transaction fees - per transaction.

Vertical Industry Portal - Market Portal
An industry specific ASP based Procurement Portal, very similar to Market Place except the buyers and sellers are all from the same industry. The catalogue system are specialize and specific where multiple buyers & sellers exchange information & quotes.

Operate by the ASP Operator Membership fees - per annum; Transaction fees - per transaction; advertising fees.

PRODUCT FEATURES

Universal Product Catalogue		Procurement Process
	Multiple catalogues from multiple suppliers		Buyers select products from the on-line catalogue to create purchase requisitions
	Detailed product descriptions, including multimedia contents of the products		Cost center account codes can be assined to each line item for accounting purposes
	Price breaks and multi-tiered pricing for each product		Multiple suppliers can be included on the same requisition. The system automatically creates separate purchase orders for each cost center and each supplier
	Bulk purchase discount		Purchase orders are automatically created when the buyer or supervisor approves the PO with their purchase authorization code
	Multiple pricing views		Vendors receive the purchase order electronically through the system, and fulfil the order
	Product specific catalogue page layout and templates
Approval Process		Buying Assistant
	Users are established under an ownership hierarchy for easy management		Product Searching - Buyer can do a quick listing of all relevant suppliers and navigate into each supplier for details
	An extensive permission structure assures complete control over end-users		Comparison Purchase - Buyer can do cross supplier search and compare multiple products in one screen
	Supervisors can set end-user permissions and defaults		Tender / RFQ - For ad-hoc or extraordinary purchases, buyer can request for tender from suppliers
	End-users are setup in the system with a maximum purchase limit for each purchase order		Tender / RFQ - For ad-hoc or extraordinary purchases, buyer can request for tender from suppliers
Payment Options		Supplier Module
	Supports multiple payment options including SET, SSL, WorldPAY, etc		Suppliers use the same Web user interface to access the procurement system, and are provided additional functionality
	Secure Electronic Transaction (SET)		Suppliers can add new products to the staging area where they will be included in the system once approved
	Secured Socket Layer (SSL)		Price and availability information can be added, deleted or edited on-line
	Batch Processing / Credit Card Forms		Suppliers can review and accept purchase orders on-line
	Cheque / Money Order		Supplier products and prices can be mass-imported into the staging area through the Catalogue Update utility
	TT Transfer		Suppliers are able to monitor product back-order
	Cash On delivery
On-line Tracking of Shipment		Order Confirmation and Tracking
	When the vendor ships the order, they are prompted to complete shipping details which includes date shipped, and carrier shipping reference number		Each purchase requisition is tracked on a historical basis along with the curent status
	Suppliers automatically update the order status when they accept and ship a purchase order		The order status is automatically updated when requisitions have been accepted and turned into purchase orders, allowing the buyer to track its progress
	The shipping details are available by line item for every purchase order		Detailed order tracking occurs for each line item of every requisition

Download Product Brochure