Revolutionize sourcing and procure to pay with autonomous, supplier-centric solution
Transform sourcing, procurement, and accounts payable (AP) with autonomous, supplier-centric solutions that drive sustainable ecosystems. Integrated with SAP BTP and OpenText VIM, while offering its own full-featured AP automation, Velocious enhances performance within your SAP environment.
Overview
Unlock seamless compliance
Customers can stay ahead of evolving e-invoicing and changing regulatory guidelines by leveraging superior automation functionalities, ensuring smooth compliance across global markets.
Achieve procurement excellence
Customers can optimize indirect procurement with tailored solutions for statement of work-based services, in addition to direct procurement. By leveraging data-driven insights, they can accelerate decision-making, enhance control, ensure compliance, and deliver measurable returns to their business.
Drive efficiency with accounts payable invoice automation
Customers can eliminate inefficiencies and fraud by integrating autonomous accounts payable invoice automation feature. With out-of-the-box localizations and data-driven insights, businesses enhance sourcing strategies, ensuring scalability and growth.
Details
Solution type
Extensions and Add-ons
Industry
Consumer Products, Aerospace and Defense, Automotive, Chemicals, Cross-Industry
Compatibility
Works with
Features
Accelerate sourcing with RFQs and reverse auction
Optimizes sourcing by simplifying RFQs and reverse auction processes. It enables customizable RFQs, easy supplier engagement, multilevel approvals, and real-time bid management with embedded chat to drive faster, better and more informed procurement decisions.
Enhance supplier experience
Enables efficient invoice upload and management, real-time purchase order visibility, and automated advance shipment notices. Ensures accurate order acknowledgments, transparent invoice status tracking, and seamless query management for enhanced communication and streamlined supply chain operations.
Automate supplier onboarding
Automates supplier onboarding and ensures seamless compliance with local regulatory requirements. Collects data like goods and services tax, permanent account number, etc., integrates with government portals for tax validation, and creates vendor records in your enterprise resource planning system.
Plans and pricing
Auction as a Service - Professional Edition
E-sourcing: a platform for managing RFPs, RFQs, and reverse auctions to optimize the entire sourcing process, from supplier engagement and selection to negotiation and contract award
Catalogs: organizes and manages hosted supplier catalogs for efficient procurement
Supplier onboarding: automates data collection, creates vendor records in the customer's ERP system, manages queries, and provides reports for efficient onboarding and updates
Supplier experience: optimizes invoice & purchase order management, simplifies query and shipment tracking, and provides insightful reporting & dashboards for real-time supplier performance visibility
Accounts payable automation: streamlines invoice recognition, manages invoices efficiently, and automates approval and exception handling for faster, error-free processing and payments
Spend analytics: provides detailed reports and dashboards to track, analyze, and forecast expenses, empowering better financial decision-making and cost optimization
Auctions as a service: offers a configurable bid rule engine, intuitive event creation, embedded chat interface, and awarding review for seamless, efficient auctions
Auction as a Service - Professional Edition, Per Auction Cost. Contact us for custom pricing on additional modules.
- Minimum contract 3 years
E-sourcing: a platform for managing RFPs, RFQs, and reverse auctions to optimize the entire sourcing process, from supplier engagement and selection to negotiation and contract award
Catalogs: organizes and manages hosted supplier catalogs for efficient procurement
Supplier onboarding: automates data collection, creates vendor records in the customer's ERP system, manages queries, and provides reports for efficient onboarding and updates
Supplier experience: optimizes invoice & purchase order management, simplifies query and shipment tracking, and provides insightful reporting & dashboards for real-time supplier performance visibility
Accounts payable automation: streamlines invoice recognition, manages invoices efficiently, and automates approval and exception handling for faster, error-free processing and payments
Spend analytics: provides detailed reports and dashboards to track, analyze, and forecast expenses, empowering better financial decision-making and cost optimization
Auctions as a service: offers a configurable bid rule engine, intuitive event creation, embedded chat interface, and awarding review for seamless, efficient auctions
Auction as a Service - Professional Edition, Per Auction Cost. Contact us for custom pricing on additional modules.
Technical Information
| Solution type | Extensions and Add-ons |
| Category | Integration |
| Industry | Consumer Products, Aerospace and Defense, Automotive, Chemicals, Cross-Industry |
| Works with |
|
The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
| Deployment |
|
| Globalization |
Localized for business best practices This product has been localized to incorporate local business best practices (e.g. support for local currencies). |
| Operations |
Auditable logging and tracing This product offers auditable logging and tracing capabilities to aid in debugging and troubleshooting. |
The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
| Security |
|
| Compliance |
ISO 27001 (Information Security Management) This product meets the standards for information security management specified by ISO 27001. |
| Privacy policy |
SAP's privacy policy is not applicable to the use of this app. Please refer to the privacy policy provided by this app's partner. |
Resources
Velocious Sourcing and Supplier Experience Overview Deck
Velocious Case Study - Aditya Birla Renewables
Velocious Differentiator
Publisher
Avaali Solutions Private Limited
Avaali helps businesses optimize costs and improve margins through digital. Trusted by over 300 customers across India, MEA, and Europe, we focus on shared services transformation, digital workplace, and automation.
