Sunday, Apr 2 2023 | Time 02:11 Hrs(IST)
image
Business EconomyPosted at: Sep 19 2017 11:14PM


Acads360 to expand its net work to Bangalore soon: Nitesh Reddy

(Rptg, correcting year in para 3)
Hyderabad, Sep 19 (UNI) City-based Acads 360 India Private limited Founder and CEO Nitesh Reddy today said that the company will expand its network to Bangalore in November this year and further to Pune and Chennai in the subsequent months.
Talking to newsmen here, Mr Reddy along with company Co-Founder and CMO Ravi Kumar said that the company was launched in 2015 by a team of young innovators, alumni institutions like IITs, IIMs and BITS.
Speaking on its highly innovative and disruptive e-procurement product PRM360 which had been launched in November 2016, Mr Reddy said that the user friendly PRM360 was designed to effectively select vendors, effortlessly post requirements, efficiently evaluate vendor’s technical and commercial offerings. “The seamless integration of PRM360 and customization as per client’s needs can ensure 15 per cent net saving on account of online bidding and over 70 per cent savings on man hours due to auto-quotation follow ups and comparison of the quotes. It brings in several advantages for an organization like savings on expenditure and transparency in procurement cycle”, he said.
While claiming it was first of its kind in India, the Company CEO said that during the pilot phase, PRM360 had saved Rs 4.96 crore on a transaction turnover of Rs 54.12 crore for the 126 clients. The average turnaround time for these transactions was a dismal 27.3 hours.
He said that the company is planning to expand its net work to 10 cities by the end of 2018. The head count also increased to 100 from present 26. The clients also targetted to 500 from the present 127 during the same period. The majority of clients are pharma, energy and hospitals, he added.
UNI VV CS1741
Please log in to get detailed story.
Tags: #Acads360 to expand its net work to Bangalore soon: Nitesh Reddy
More News
Piyush Goyal lauds GeM crossing Gross Merchandise Value of Rs 2 lakh cr in 2022-23

Piyush Goyal lauds GeM crossing Gross Merchandise Value of Rs 2 lakh cr in 2022-23

01 Apr 2023 | 6:19 PM

Mumbai, Apr 1 (UNI) During the financial year 2022-2023, procurement of goods and services from government portal Government e Marketplace (GeM) crossed the Rs 2 lakh crore mark, which is a remarkable achievement, said Union Commerce and Industry Minister Piyush Goyal, in Mumbai on Saturday.

see more..
GST mop-up tops Rs 1 60 lakh crore in March

GST mop-up tops Rs 1 60 lakh crore in March

01 Apr 2023 | 5:46 PM

New Delhi, Apr 1 (UNI) Driven by growing economic activities and higher compliance, India's goods and services tax (GST) collection recorded 13 per cent year-on-year jump to Rs 1.60 lakh crore in March, 2023.

see more..

01 Apr 2023 | 5:12 PM

Hosur, (Tamil Nadu), Apr 1 (UNI) Two and three-wheeler makers
TVS Motor Company registered a three per cent growth sales in
March 2023.

see more..

GST collection rises 13 pc year-on-year to Rs 1 60 lakh crore in March, 2023: Govt data

01 Apr 2023 | 4:57 PM

UNI NK.

see more..
Hyundai registers its highest ever annual total sales since inception in FY 2022-23

Hyundai registers its highest ever annual total sales since inception in FY 2022-23

01 Apr 2023 | 4:38 PM

Gurugram, Apr 1(UNI) Hyundai Motor India Ltd., has achieved its highest ever annual total sales volume (Domestic plus exports) of 720,565 units during FY 2022-23 with a YOY growth of 17.9 pc.

see more..
image