Digital Contract Management - Digital Payment

Streamline payment processes by automating work verification against contract milestones and ensuring accurate tracking of deliverables, facilitates timely payment approvals, and maintains healthy project cash flow through digital documentation and verification workflows.

Please review all requirements. Your solution must meet all 🔴 mandatory requirements to qualify.

S/No.	Requirements
2.01🔴	Does your solution allow for cloud-based, mobile-based and/or web-based usage?
2.02🔴	Does your solution allow access control configuration over access to sensitive project information by different project stakeholders?
2.03🔴	Does your solution allow configuration of multi-level approval workflows and setting approval limits?
2.04🔴	Does your solution allow customising of dashboards and reports to monitor key performance indicators minimally in the following areas. i. Spending Analytics, such as actual spending versus budgeted spending; ii.Supplier Quality and Performance, such as delivery reliability, historical comparison; and iii. Internal Operations, such as time savings, breakdown of time spent in each step of process from purchase request creation, purchase order, invoice and payment processing If there are other relevant dashboards and reports, please elaborate in "Remarks" column.
2.05🔴	Does your solution handle progress claims, work verification and payment settlement processes?
2.06🔴	Has your company engaged a qualified 3rd party to conduct a security vulnerability assessment of your solution in the last 12 months? If Yes, please indicate the name of the 3rd party assessor and date of the assessment test in the comment field, and also submit the assessment test report as supporting document. If you are a reseller of the solution, please verify with your product principal that they have conducted a security vulnerability assessment of their solution by a qualified 3rd party in the last 12 months. Note: [1] Qualified 3rd party include assessors appointed under IMDA GoSecure Programme; Cybersecurity companies accredited under Accreditation@SGD Programme; and CREST-Certified companies or companies with equivalent certifications.
2.07🔴	Do your services cover system set up and users’ training? Please provide details on how you will deliver these services.
2.08	Can your solution send and receive e-invoice through the PEPPOL E-Delivery network? (For more information on the National E-Invoicing Framework, you may visit https://www.imda.gov.sg/einvoice) Note: [1] Please provide compliance to the following requirement only if your solution generates or processes invoices, otherwise please select "No"
2.09	Does your solution come with features, such as: - Ability to send Peppol Invoice Response documents - Ability to receive Peppol Invoice Response documents and process them to display the correct invoice status - Ability to receive Peppol Order documents and process them - Ability to convert incoming Peppol Order documents into an Invoice Note: [1] Please provide compliance to the following requirement only if your solution generates or processes invoices, otherwise please select "No".
2.10	Does your solution come with features, such as: -GST InvoiceNow Requirement – Ability to activate GST Registered Businesses -GST InvoiceNow Requirement – Ability to extract and package Invoice Data -GST InvoiceNow Requirement – Ability to transmit GST relevant Invoice Data -GST InvoiceNow Requirement – Ability to provide reconciliation feature Note: [1] Please provide compliance to the following requirement only if your solution generates or processes invoices, otherwise please select "No".
2.11	Does your solution facilitate procurement functions such as request for quotations from more than one suppliers to allow comparison, shortlisting, routing for approval and conversion of purchase request to purchase order?
2.12	Does your solution integrate with financial institutions/banks’ systems to facilitate direct bank payment and payment status update?
2.13	Does your solution integrate with financial institutions/banks' systems to enable automated financing services for invoice financing, supporting the following roles: - Suppliers, which allows suppliers to submit financing requests, uploading supporting documents to sell their invoices to financial institutions for early payment and tracking status of financing requests - Financial Institutions, which allows users access to financing requests and supporting documents to process the requests within the system
2.14	Does your solution integrate with financial institutions/banks' systems to enable automated financing services for supply chain financing, supporting the following roles: - Buyers, which allows buyers to submit financing requests financial institutions, uploading supporting documents to extend payment terms - Suppliers, which allows suppliers to submit financing requests, uploading supporting documents to sell their invoices to financial institutions for early payment and tracking status of financing requests - Financial Institutions, which allows users access to financing requests and supporting documents to process the requests within the system
2.15	Does your solution has the capability to integrate with financial institutions/banks' systems to enable other automated financing services aside from invoice financing and supply chain financing, please describe under "Remarks" column.
2.16	Does your solution has automated reconciliation feature to handle matching of purchase order, goods receipt and invoice and dispute management to handle discrepancies in payment?
2.17	Does your solution provide APIs that enable integration with external platforms using Common Data Environment (CDE) standards to facilitate data exchange?

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Your submission should contain screenshots and write-ups that clearly demonstrate compliance with each mandatory requirement sub-point. Contact us if you need help.