Saturday, Apr 20 2024 | Time 16:04 Hrs(IST)
image
Business EconomyPosted at: Jun 22 2018 6:02PM


mjunction offers e-procurement on Cloud

New Delhi, June 22 (UNI) With the world shifting from products to platforms, B2B Ecommerce company mjunction services limited has transitioned from selling its e-procurement application as a licensed software to making it available on Cloud, a statement said.
This new user-friendly platform is capable of supporting simple to complex procurement, covering the entire procurement life cycle.
“What sets our platform apart is its ability to support diverse requirements, unlike traditional procurement software,” informed mjunction CEO Mr Vinaya Varma.
He said that just like one size does not fit all, one standard procurement process cannot serve diverse organisations. Traditionally, organizations were forced to change their practice while adopting a new platform or incur high cost towards customisation of software. However, mjunction’s e-procurement platform allows organisationsto design their own workflow and rules, and to configure the system as per their need.
Not only that, it gives organisations the option to “pay as they use” – which means that once they pay a sign-up fee, they need to pay only for the number of transactions they have done through the platform, and not otherwise. This helps organisations to make upfront capital investment, Mr Varma informed.
Sukanta Sarkar, Director IT of the Ordnance Factory Board (OFB) under the Ministry of Defence, said that, “I am very satisfied with mjunction’s services in developing, deploying and maintaining our e-procurement system.” mjunction has been serving OFB since 2010.
“The world today is highly connected and networked. Realising that, mjunction’s system is connected to the ERP systems of organisations for seamless data exchange. The e-platform enables organisations to share supplier performance ratings with other organisations, which is not possible in an isolated standalone e-procurement implementation,” the release stated.
UNI DJK ADG 1801
Please log in to get detailed story.
Tags: #mjunction offers e-procurement on Cloud
More News

IREDA nets all-time high at Rs 1,252 23 cr in FY24

19 Apr 2024 | 8:38 PM

New Delhi, April 19 (UNI) Indian Renewable Energy Development Agency Ltd. (IREDA), the nation's largest pure-play green financing NBFC, Friday announced an all-time high net profit of Rs. 1,252.23 crore in 2023-24, a 44.83 per cent jump over the previous fiscal year 2022-23.

see more..

"CSIR-IICT and BHEL partners to advance clean fuel technology: MoU signed on CO2 to DME"

19 Apr 2024 | 7:23 PM

Hyderabad, April 19 (UNI) The Council of Scientific and Industrial Research-Indian Institute of Chemical Technology (CSIR-IICT) and Bharat Heavy Electricals Limited (BHEL) Corporate R&D have forged a partnership to develop technology for capturing and converting carbon dioxide (CO2) to Dimethyl Ether (DME) through direct catalytic conversion.

see more..

Amara Raja Infra Wins Greenko’s 700MWp solar project in AP

19 Apr 2024 | 6:41 PM

Hyderabad, Apr 19 (UNI) Amara Raja Infra Private Limited (ARIPL), part of the $1.75 billion Amara Raja Group, on Friday announced it has secured a solar BoS (Balance of System) project of 500MW/700MWp from Greenko.

see more..
Sensex recovers 600 points on heavy buying on last day of week

Sensex recovers 600 points on heavy buying on last day of week

19 Apr 2024 | 5:34 PM

Mumbai, April 19 (UNI) Snapping a losing streak of last four sessions, the BSE Sensex on Friday bounced back 599.34 points to close at 73088.33 on expectation of minimal escalation of tension between Israel and Iran.

see more..

19 Apr 2024 | 5:24 PM

Mumbai, Apr 19 (UNI) IT major Wipro on Friday reported 7.80% year-on-year dip in consolidated net profit at Rs 2,834.6 crore for January-March quarter (Q4) of the financial year 2023-24.

see more..
image