The COINS Electronic Trading Community (COINS-etc) enables buyers and vendors to trade electronically with seamless integration with the back office systems of both parties.
COINS-etc enables trading partners in the construction industry to transfer electronic data within a secure environment.
COINS Supports Your Core Business Processes
Electronic trading with COINS-etc can help construction companies control material costs, benefit from preferred supplier relationships, save processing time and improve accuracy by eliminating re-keying of information. COINS-etc supports purchasing cards (PCards), ordering via electronic catalogues (eCatalogues), mobile goods received notes (GRNs), electronic invoices (eInvoices), remittance, rebates and agreements.
Benefits of COINS-etc:
Process cost savings.
No re-keying of information.
Auto-matching of invoice and order.
Reduced number of invoice queries.
Automatic cost allocation.
Clear audit trail of all transactions.
Options for Suppliers
Options for suppliers include electronic catalogue procurement, open ordering and electronic invoicing. Benefits can include lower administrative costs, increased sales thanks to improved access to COINS users, improved cash flow, and quicker resolution of disputes.