Contract Lifecycle Management

Effortlessly author and edit contract documents to meet your specific needs
Ensure accuracy and compliance via seamless contract management
Automatic contract creation in your ERP system
Benefit from a robust clause library, configurable workflow engine, reminders, and notifications

Supplier Onboarding

Streamline and simplify the supplier onboarding process with its built-in auto validations
Ensure accurate and compliant supplier data from the start
Minimize errors and data discrepancies.
Systematically evaluate and onboard suppliers with a multi-level review and approval workflow

AP Invoice Automation

Simplifies invoicing by allowing electronic submission, expediting payment processing
Easily monitor invoice status and validate digital signatures on invoices
Automatically extracts QR code details from IRN-based invoices
Streamlined workflow for invoice approval within the portal
Built-In Validations based on uploaded data

Supplier Performance Analytics

Provides in-depth insights into spend by category, sub-category, plant-wise, and more.
Supplier performance metrics at your fingertips.
Enables data-driven supplier management decisions.
Identify spend trends and opportunities for optimized procurement strategies, efficiency, and cost savings.

Reverse Auction

Configurable Bid Rule Engine
Intuitive event creation and bid interfaces
Approval process before publishing
Embedded Chat interface for Bidders and Buyer to chat during auction
Awarding Review and Approval Workflow
Proactive Notifications
Bid Moderator Interface to watch bid flow and option to extend bid

RFQ

Configurable Rule Engine
PR & Non-PR based RFQ
Manually or Excel based template upload
Floating RFQ to existing and new/ unregistered supplier
Quote Comparison
Multi Level Review and Approval Workflow
Quote Revision
Proactive Alerts & Notifications

Supplier Information Change

Supplier Profile Management
Option to Amend key details
Review and Approval Workflow for change requests
In-built query management functionality
Vendor Data Updates in ERP

Over USD 2 billion spends managed via Velocious

In built regulatory compliance for respective geographies

Built for GBS / Shared services

Why Velocious?

+ - Easy Integration

Seamless out-of-the box integration with leading Accounts Payable Invoice Automation and top-tier ERPs with incoming invoices automatically extracted through OCR.
Effortless invoice processing and posting into your ERP application.

+ - Ease of Use

Significantly bring down time and cost of supplier adoption with Intuitive user interfaces which are extremely easy to use
Your suppliers will require virtually no training for making use of the solution.

+ - Configurable Workflows

Integrated BPMN engine for effortless customization of workflows to align with your unique business processes, approval hierarchies, and compliance needs.
The solution allows easy configuration of any levels of complexities of workflows.

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Awards

Business Icons of India 2022 in Association with ZEE Business

Avaali Solutions, was presented the prestigious Business Icons of India 2022 Award by Zee Business and MarksmenDaily.com.

National Award for Best Innovative Company of the Year

We’re delighted to inform you that Avaali won the award for Best Innovative Company of the Year. Kudos to team ...

Dun & Bradstreet's Women Entrepreneur of the year Award - 2023

Our Founder & CEO, Srividya Kannan, has won the Dun & Bradstreet ‘Women Entrepreneur of the Award’ at the Business ...

The Economic Times Promising Brands 2019-2020

In continuation of Best Brand series by The Economic Times, Avaali was awarded ‘Promising Brands 2019-20′

UIPath Emerging Partner of the Year 2020

Avaali Solutions have been recognized by UIPath as “Emerging Partner of the Year” in their maiden edition of Partner Excellence ...

Dun & Bradstreet – Leading SME of India 2020

Avaali is proud to be recognized by Dun & Bradstreet as the Leading SME’s of India, 2020 in their publication.

SAP ACE Awards winner – 2020

Award for Financial Excellence for transformation at Nayara Energy, India’s second largest single site refinery.

World Leadership Congress – Business Leader of the Year 2021

Avaali Solutions was awarded the business leader of the year award for leveraging IT for business performance in the 19th ...

BCIC – Emerging Star Award – 2021

Avaali Solutions was selected Winner in the maiden edition of the Emerging Stars Awards instituted by (BCIC).

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DRIVE SIGNIFICANT COST REDUCTIONS VIA AUTOMATED SUPPLIER ENGAGEMENT

Improve supplier Relationship

With self service mode , supplier has all key information available 24*7, thus enabling greater satisfaction and relationship with suppliers.

Reduced costs

With features like early payment discounts, sourcing events, query management, etc. helps to reduce the operational costs

Improve Visibility

The supplier has full visibility at all necessary levels across the Source to Pay process.

Quick Turn Around on Queries

Currently, the supplier raise their queries on calls and emails. By providing the access to the information and query management capabilities on portal , the time to get the queries answered gets reduced

Smooth Onboarding Process

The supplier fills the onboarding form which ensures that all the information updated is accurate. Also eliminate paper-based forms and supporting documents as the portal allows supplier to upload all supporting document during onboarding

Improve Efficiency

Invoices uploaded by the Suppliers seamlessly flows to the invoice processing application (VIM, ReadSoft), so this ensures that invoices are processed immediately and are not stuck with user departments.

INDUSTRY RECOGNITION

VELOCIOUS BY AVAALI RECOGNIZED IN THE 2025 GARTNER® MARKET GUIDE FOR SOURCING APPLICATIONS

Velocious Sourcing and Supplier Experience – Key Capabilities