Our innovative and easy-to-use solutions help standardize every step of your
procurement process so you can save time, reduce leakages, and boost productivity.
Our range of solution modules cover all the features that are integral to the procurement process.
They can be implemented independently or as an integrated system.
Khareed’s simple software guides your procurement team through a fully automated procurement process, eliminating the need for manual paperwork while ensuring effortless compliance.
Follow an intuitive and standardised process to request purchase requests, request quotations for multiple products and submit them to your preferred suppliers in one go
Khareed gives users the flexibility to tailor documents like RFQs and RFPs to your needs and save templates for reuse.
All vendor submitted quotations get displayed in an automated smart comparison table that helps users easily compare products, terms, and prices and choose the best option.
All communication is done and documented through the system for record-keeping and future reference.
After reviewing quotations and price comparisons, users can accept and decline the offers given by suppliers. Easily create purchase orders or formal contracts. Send to suppliers and lock in acceptance and delivery terms.
Suppliers can submit a notification to a buyer when goods have been dispatched against a purchase order; they can even upload the delivery note or tracking slip of the cargo carrier. Once goods have been received and inspected, a goods receipt note can be issued.
Vendors can submit their invoice for payment, which can be forwarded to accounts for processing. Automated three-way matching enables easy matching of the purchase order, the goods receiving note, and the invoice to ensure consistency in the quantity, product, and price between what was ordered, what was received, and what was billed.
Enjoy the ease of consumer shopping in your business procurement. Drive adoption, drive down costs, and strengthen compliance.
Khareed’s Catalog Management System allows your team to maintain a product catalogue with unique product codes matching those in your ERP system or inventory management system.
Our user-friendly interface allows users to add products to RFQs by entering the product code and name and the system provides intelligent autosuggestions to minimize incorrect data entry or spelling inconsistencies.
Users can maintain detailed product information including product pictures, technical specifications, documentation, and category and supplier mappings. Product history and analytics provide insights for better purchase planning and optimisation.
Integrate supplier information and insights to your procurement process. Give your team the tools to make smarter purchasing decisions and avoid risks.
With our supplier management system, your procurement team can easily maintain a comprehensive and up-to-date directory of all your suppliers, including their contact details, sales rep information, and supplier classifications.
The supplier directory is integrated with your procurement process. This way, the system learns from your requisition and order history and provides suggestions on new requisitions, strengthening institutional knowledge and memory
With detailed supplier information maintained on the system, your team can easily onboard, track and evaluate vendors for responsiveness, quality, and price competitiveness, and give them an overall rating. This helps your team make smarter purchasing decisions and reduces risks by prioritising preferred suppliers.
Get visibility and insights to optimise your business spend.
Khareed Business Intelligence provides relevant, actionable insights that answer real business questions, provide helpful recommendations, and enable you to improve your procurement performance
Benefit from helpful visualizations and a clear, systematic view of your procurement process, opportunities, and strengths.
Benefit from numerous ready-made reports or create custom reports that provide you with visibility on all areas of your spend.
Observe usage metrics from requisitions submitted to orders placed. Track performance metrics covering your sourcing competitiveness, financial savings, time savings and efficiency. Learn from operating metrics such as your requisition volumes and frequency by product, category, department and user.
Take your procurement to the next level with a system designed to enhance your capabilities
Create customized workflows, tailored document formats, and role-specific user permissions to configure Khareed to your needs.
Build in the appropriate checks and balances and approval hierarchies to ensure compliance. Create template documents to fully automate the repetitive and manual parts of the procurement process. Reduce time spent on redundant tasks and increase your flexibility.
Khareed’s messaging system is integrated with your email and lets you communicate with suppliers to clarify quotations, get more details on products, and negotiate. Users can reply to the thread on email and the system captures and stores the communication for future reference.
The more you use Khareed, the better the system becomes in terms of anticipating your requirements, giving insights and guidance, and making suggestions for improving your procurement
Khareed’s deep expertise in procurement management gives you an edge by bringing world class procurement best practices to you. Implementing Khareed automatically upskills your team and systematizes your procurement processes and records, making you more competitive, more efficient, and more effective as an organization.