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Verisae Inc.

Equipment procurement management product

Verisae's equipment procurement module brings together a number of important features that allow organizations to stay on top of their equipment purchasing. For major construction projects, it is very important to use relevant, verifiable data to control costs, prevent delays, and reduce project management fees.

Verisae's equipment procurement manager helps organizations contain costs associated with major projects, keep projects on schedule, and maintain equipment catalogs.

Major construction or remodeling projects can cause major disruptions if procedures are not followed or anomalies ignored. Without a clear understanding of the equipment procurement process, problems could occur. Additionally, unforeseen maintenance issues could cause a productivity lapse and equipment delivery changes could lead to increased storage fees and the risk of theft. To make sure that costs are contained as much as possible, it is very important to manage the entire equipment procurement process to ensure efficiency and prevent budgetary overrun.

,em>Organizations face barriers to the management of their equipment procurement:
• They cannot maintain visibility into their equipment inventories face difficulties during replacement cycles.
• They will face difficulties keeping projects within budget and containing capital spending.
• If equipment is delivered too early, organizations will face expensive storage fees and a significant risk of damage or theft.
• They will have internal processing difficulties as employees may duplicate purchase order and invoice efforts, which waste time.
• They may have problems dealing with tax accruals, allocations and reconciliation in relation to the depreciation of new fixed assets.

Verisae's equipment procurement module helps by:
• Maintaining an online catalog of items with detailed attributes
• Integrating with purchase requisitions and CAT systems
• Automatically creating purchase orders, quotes and change orders
• Integrating with accounts payable and fixed asset systems
• Ensuring that equipment is delivered at the desired time
• Reducing construction and remodeling project processing errors

Experience the benefits
• Management team members can ensure that projects are completed on time and within budget, as they are able to integrate their planning and costing efforts with CAD systems and the existing equipment library.
• Maintenance team members can take advantage of the updated, integrated equipment library.
• Accounting team members can automatically track project costs and changes against budget.

Verisae delivers quantifiable value
Capital equipment purchases must be handled very carefully or the associated costs can get out of control. New construction or a remodel projects can be complex and are prone to frequent change. To control costs and prevent overspending, it is important to stay on top of the project from start to finish. Maintaining budget can ensure the best ROI as budgetary overruns can easily ruin the return on investment of a project.

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