SRM Software (Supplier Relationship Management)

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.

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.

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.