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RFX management and sourcing automation

FUTURA Smart provides a high degree of automation and ensures seamless integration of the source-to-contract process in SAP S/4HANA. Highly flexible request for quotation events (RFI, RFP, RFQ) as well as eAuctions help to obtain the largest possible number of qualified quotations – and it is so easy to use that every requirement can be advertised regardless of value limits.

Simplify your procurement processes

No matter what your starting point, you can create a request for quotation in just four steps, using either SAP or a stand-alone version of FUTURA Smart. Enter the header data, add text for the request for quotation and assign the relevant suppliers. And off you go! Keep track of everything at all times and make collaboration with you easy.

As simple as an e-mail

All you need is an e-mail address to invite suppliers to requests for quotation or to send price requests – and it takes just a few clicks to view requests for quotation and conveniently process quotations – via “Easy Access” even without time-consuming registration, but with a high level of security.

Real-time status of all activities

Track the status and activities of your suppliers throughout the RFQ process. Who has viewed the request for quotation, who is already preparing a quotation, or which supplier has already submitted one? Each step taken by your suppliers is displayed in the form of status reports.

Fulfill target scenarios

Not enough usable quotations submitted? You have made changes to the items? You have the option of redefining the supplier selection in both ongoing and closed requests for quotation. Based on possible price discrepancies, you can develop target scenarios for your purchasing strategy – even across different bidding rounds.

Sustainable sourcing (PCF)

TheCO2 footprint(PCF) is an additional criterion for the targeted procurement of materials with a lowerCO2 footprint. FUTURA Smart supports you in making sustainable decisions even beyond the best price. You can queryCO2 emission values in your tender and see and compare the values entered by the supplier in the offers in the price comparison list.

FUTURA Smart Benefits

Applied AI in the sourcing process 

Futura Solutions relies on best practices. This also applies to the various AI assistants used in the purchasing and procurement process. The FUTURA Smart AI assistants support both consumers and purchasers. For our use cases, we pay particular attention to data quality and the potential for optimization. This is a prerequisite for efficient automation.

Bye-bye, click click

Automation ensures faster processes and shorter processing times, especially in operational sourcing involving a large number of recurring and often manual tasks. This starts with an AI-supported request qualification, which provides the necessary structure and data quality at the “gateway” of the procurement process, e. g. for the automated bundling of purchase requisitions and their requests for quotation.

More power for the specialist departments

Not only to achieve short-term savings, but also to develop long-term successful and sustainable procurement strategies – FUTURA Smart supports a systematic and comprehensive approach, e. g. for the bundling of volumes or the consolidation of expenses, as well as for the development of negotiation strategies to optimize price, quality, delivery conditions and other important factors.

Optimal bidding competition

Be it to achieve cost reductions or to prevent price increases, e-sourcing can be used to include a larger number of bidders in the process, thus increasing competition on price and performance. Further price reductions can be regularly achieved by using a second or even several bidding rounds, after technical clarification discussions and commercial negotiations.

Add value to your SAP system

Direct and seamless – real-time integration is the key. Purchase requisitions, material masters or contracts or existing purchase orders are transferred from SAP to FUTURA Smart – including file attachments. All sourcing activities as well as the communication with suppliers are documented in an audit-proof manner. After the awarding of the contract, SAP purchase orders and contracts are created by FUTURA Smart – automatically, of course.

Easy operation via app concept – intuitive and AI-supported

AI assistants, cockpits and monitors pick up the SAP purchasers where they work every day: In the launchpad, conveniently with single sign-on. User-friendly and intuitive, FUTURA Apps enable even casual users or new users to start their first requests for quotation without a long training period.

Process turbo via app

AI-BASED REQUIREMENT SPECIFICATION

QM manager for the specification of requirements

AI-BASED RFQ AUTOMATION

Convert requirement descriptions into RFQs

AI-BASED ANALYSIS & SIMULATION

Identify anomalies in quotations

ADVERTISE PURCHASE REQUISITIONS

Search and read purchase requisition items

CALL FOR TENDER
by free text

Create SAP free-text RFQs

Advertise material masters

Writing out material master data

Renegotiate purchasing contracts

Search for contracts and transfer to RFQ

Overview and control of all RFQs

Track and control RFQs

Evaluate offers

Analyze and sucessfully negotiate quotations

NEGOTIATE EFFICIENTLY ONLINE

Creating auctions with default prices

show savings

Determining and identifying potential savings

Track purchase order confirmations

Manage order confirmations

FUTURA Smart and SAP S/4HANA – the power duo

The perfect complement to SAP S4 HANA: FUTURA Smart covers all functionalities for creating and conductong requests for quotation, including integration of and communication with suppliers.

FUTURA Smart is 100% compatible with S/4HANA and therefore ready for immediate use. 50% ROI is often achieved after just a few weeks of use.

With FUTURA Smart, we have found an S2C tool that integrates seamlessly with SAP S/4HANA. What is particularly convincing is that purchasers can launch requests for quotations in FUTURA Smart with just a few mouse clicks. All the data already available in SAP for requests for quotations and inquiries can be transferred at the push of a button, including documents. Our users also responded very positively to the modern user interface, which clearly dates from 2024.

Project Manager FUTURA Smart C. Zimmermann, RWE Offshore Wind GmbH

Contact us now to learn more!

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Do you have questions or need more information?

+49 611 33 460 300

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info@futura-solutions.de

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