Rate Master Management
Maintain centralized control of product and service rates.
Define base rates, effective dates, and revision policies for materials, products, and services in a unified database.
- Centralized Product Rate Master
- Effective Date & Validity Controls
- Multi-level Rate Definition (Product, Category, Vendor)
Vendor Rate Revision
Manage purchase rate changes efficiently.
Track vendor-wise rate changes, apply new prices automatically in purchase orders, and maintain historical records.
- Vendor-wise Rate Revision Requests
- Auto-Update Purchase Orders with Approved Rates
- Supplier Rate Comparison Reports
Customer Rate Revision
Handle customer-specific pricing and adjustments.
Revise selling rates based on agreements, market changes, or discounts, ensuring transparent communication and tracking.
- Customer-wise Rate Management
- Contract-based Price Updates
- Auto-Sync with Sales Orders & Invoices
Approval Workflow
Ensure authorized and auditable rate changes.
Implement multi-level approval for rate revisions with digital authorization and user-based access control.
- Multi-level Approval Hierarchy
- Real-time Notification for Pending Approvals
- Digital Authorization with Audit Trail
Revision History & Tracking
Maintain complete transparency of rate changes.
Track historical rate revisions for every product, vendor, and customer with version control and timestamps.
- Rate Change Logs & Version Control
- User and Timestamp Tracking
- Old vs. New Rate Comparison
Integration with Purchase & Sales
Keep your entire ERP synchronized with rate changes.
Automatically reflect updated rates in purchase orders, quotations, and invoices to maintain consistency.
- Seamless ERP Integration
- Automatic Updates Across Modules
- Error-free Rate Synchronization
Rate Reports & Analytics
Analyze rate changes and their business impact.
Generate insightful reports to review pricing trends, vendor rate fluctuations, and profitability metrics.
- Vendor-wise & Customer-wise Rate Trend Reports
- Cost Impact & Margin Analysis
- Historical Comparison Dashboards