Profit4's core SRM software features
Trusted by 1,000's of UK users
Dedicated dashboards for each supplier
Everything you need to know about a supplier in one place
Our SRM software enables you to quickly access an individual supplier's full information and history in one drillable dashboard, including:
- Contact information (unlimited number of contacts)
- Primary contact details
- Your credit limit
- Payment terms
- Historical & current order data
- Communications, tasks & events
Raise purchase orders
in just a few clicks
A seamless purchasing process
Our SRM software enables you to raise a purchase order straight from a supplier's dashboard or from the purchasing dashboard in just a few clicks.
It can also utilise shortage lists - essentially a shopping list, that you can use to populate your PO. They can be manually added by the warehouse or sales team or automated, where bestselling products are automatically added when they fall below a certain threshold.
As well as placing orders to replenish stock, you can place orders for direct delivery and back-to-back delivery.
SRM software, designed with the user in mind
Achieve a perfect synergy between your purchasing & stock control
One system to manage everything
By using one system for your stock control and purchasing, you can quickly identify low stock, the volume of forecasted orders and whether there's a purchase order raised with your supplier.
This ensures that your bestselling items are always in stock and there are no delays in placing orders with suppliers and getting orders to customers.
Quickly upload supplier prices
& images in bulk
In today's climate suppliers are regularly changing their prices.
Our SRM software enables you to bulk upload supplier prices via an excel spreadsheet, with the changes taking effect immediately. With our advanced reporting, you'll also be able to see how this impacts your profit margins at a top-level and individual product level.
You can also bulk-upload supplier product images and export them to your website.
Integrate with your website, couriers, trade counter & more!
SRM functionality checklist
Profit4’s SRM software provides you with everything you need to know about a supplier within one workspace, including contact information, credit control terms, all transactions, tasks and communications history.
Profit4’s SRM software provides individual dashboards for your purchase invoices, credits, refunds and payments.
View by individual item lines and instantly see the real-time status, e.g. if a purchase invoice has been posted, re-invoiced or is in draft.
Profit4 also enables you to easily allocate supplier payments and refunds to individual invoices and credit notes.
View your credit limit, payment terms, as well as your account balances for individual suppliers.
LUCKINSlive is a subscription service that provides the product details for over 1 million items, from hundreds of Electrical, HVAC and Plumbing manufacturers.
The LUCKINSlive workspace within Profit4's SRM system lists all your LUCKINSlive suppliers and matches them with the relevant supplier dashboards within your Profit4 account, so everything is synced.
Profit4’s SRM software enables you to automatically pay suppliers via bank-to-bank transfer.
Run Profit4’s Supplier Reconciliation report at any time to check that your Purchase Ledger reconciles with the Nominal Ledger (also known as the General Ledger).
Within Profit4's SRM system you have the option to set up automatic re-ordering of bestselling products if their stock levels reach a certain level. This ensures they’re never out of stock.
Create a purchase order in just a few clicks and view all purchase orders raised line-by-line.
With Profit4’s customisable user access, you can also set it up so that when a member of your team creates a PO it is then automatically sent to the business owner or purchasing manager to approve before being sent to the supplier.
You even have the option to add purchase attributes to provide more info to your warehouse when they’re receiving the goods into stock. And include an estimated delivery date, so your team are automatically alerted if they need to begin chasing delivery.
Profit4 will automatically create shortage lists for products that are low in stock, these can be viewed by supplier and include the recommended quantity of items to be ordered and their order value.
These shortage lists can be edited if needed and used to automatically generate a PO (purchase order).
View the real-time status of your supplier orders.
Profit4's SRM software features will save you hours of work by enabling you to upload an Excel document of new or updated supplier prices.
You can then easily view the impact on profit margins that these price changes will make and alter your customer pricing accordingly in the system, and this will be mirrored by your trade counter, website, Amazon and eBay.
Profit4 enables you to change product codes and information without having to create new product lines. This enables you to easily view a product’s complete historical performance.
Keep a record of your supplier returns/refunds, so that you have an accurate picture of financial performance.
If a customer reports a faulty item, you can easily trace its batch number and identify other products that might be affected before reporting it to the supplier.
This makes requesting replacements or credit much easier.
Profit4 enables you to search by supplier and then view the invoices in dispute, awaiting payment or overdue.
Setup customisable alerts for your suppliers.
Profit4 is a cloud-based ERP system, which means it can be logged into via your internet browser from any location. This makes it ideal if you’re visiting a supplier or working from home.
Watch an online demo today!
Frequently asked questions
ERP software with inbuilt SRM features, like Profit4, ensures that your business is fully integrated.
For example, your top-level financial reports will include real-time supplier order costs. Elsewhere, your sales and warehouse team will be able to spot when purchasing has raised a PO, will be able to track its status and know when new warehouse stock is to be delivered.
All parts of your business will be working together.
By effectively managing your supplier orders you can ensure that bestsellers are never out of stock.
And with its full visibility and easy reporting, Profit4 enables you to quickly spot dead stock, identify your most profitable products and see the impact of supplier price changes on your profit margins.
With its automation, Profit4 will also reduce the cost of administration, enabling you to grow without the need to employ more staff.
Anyone in your business who is involved in managing supply chains will find Profit4’s SRM software features beneficial.
SRM software stands for supplier relationship management software. It is a platform that helps businesses manage their relationships with suppliers, including processing orders and making payments.
SRM software is beneficial because it streamlines communications, improves relationships, manages supplier data, automates tasks, improves supplier performance and reduces storage costs.