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Description

Maximizing the profit margins you gain from your suppliers can be a challenging endeavor and is often regarded as a skillful art. In the realm of purchasing, it's apparent that suppliers do not always provide their most competitive pricing. This creates a perpetual cat and mouse dynamic regarding how profits are shared between your company and the suppliers. The best pricing is influenced by how eager the supplier is to secure your business, and their level of concern about potentially losing it. So, how can one effectively and swiftly illustrate this concept? Procurement Power offers a streamlined platform where suppliers compete against one another and can clearly see their bidding positions, which ultimately creates a more equitable marketplace. Numerous Fortune 500 companies have recognized the advantages of this purchasing strategy and have been implementing various auction systems for their suppliers for several years now. It's important to note that every purchase carries its associated costs, which can fluctuate based on the nature of the item being procured and the extent of negotiations involved. Additionally, understanding these dynamics can lead to better decision-making and improved supplier relationships.

Description

Quovos is a cloud-based application that facilitates quoting and job management for companies involved in pricing and delivering various equipment, materials, and labor. Teams can craft personalized, multi-option quotes that display costs, selling prices, and margins for each line item, which can then be shared for customer approval online. Once a quote is accepted, it can easily be transformed into a purchase order for suppliers, allowing for tracking throughout the delivery process and project completion. The platform enables users to log working hours, oversee contractors, manage inventory and assets, and assess the differences between quoted and actual job costs and margins. Additionally, integrated supplier feeds can enhance quotes with trade prices, retail prices, stock levels, and estimated availability. Quovos also streamlines financial tasks by sending invoices and supplier bills directly to Xero, ensuring that payment statuses are synced back to the system. Various subscription plans are available, each offering different limits on seats, quotes, and organizations, with optional modules and integrations tailored to specific needs. This flexibility makes Quovos an adaptable choice for businesses looking to optimize their quoting and job management processes.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

No images available

Integrations

Xero No 

Integrations

Xero Yes 

Pricing Details

No price information available.
Free Trial Yes 
Free Version No 

Pricing Details

$49/month
Starter is $49/month for 3 seats, 50 quotes/month, and 1 organization; Professional is $99/month for 10 seats, unlimited quotes, and up to 3 organizations; Business is $199/month for unlimited seats, quotes, and organizations. Optional modules cost $10–$20/month. Xero integration costs $15/month on Starter and Professional and is included with Business. Plans are month-to-month with no setup fee or lock-in contract.
Free Trial Yes 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs No 
Webinars No 
Live Training (Online) Yes 
In Person Yes 

Types of Training

Training Docs No 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

Serex Procurement Solutions

Founded

2013

Country

Canada

Website

www.serexprocurementsolutions.com

Vendor Details

Company Name

Quovos

Website

quovos.io

Product Features

Procurement

Asset Management No 
Auction Management Yes 
Bid Management No 
Budget Management No 
Catalog Management No 
Contract Management No 
Inventory Management No 
Invoice Processing No 
PunchOut No 
Purchase Order Management No 
Receiving No 
Requisitions & Approvals No 
Sourcing Management No 
Spend Management No 
Supplier Management No 

Product Features

Quoting

Automated Quoting No 
Catalog Management No 
Client Portal No 
Contact Management No 
Customer Accounts No 
Customizable Branding No 
Discount Management No 
Forms Creation No 
Pricing Management No 
Product Configurator No 
Proposal Management No 

Alternatives

Alternatives