The quotes process is one of the more important components of the bottom line for a scrap metal recycling business. The price paid for raw material—scrap metal—becomes a linchpin of profitability. How you create quotes not only affects how much you pay, it also can either enhance your efficiency or create bottlenecks in your business.
Recycling industry software for purchase quotes and contracts
Are you actively managing, tracking and reviewing how much you are paying for raw material? A variety of software products designed to help businesses produce quotes are on the market today. They have been proven to reduce the time spent managing contracts, shorten the sales cycle and increase revenue. But industry-specific software is a better solution for scrap metal recyclers because it is designed for scrap metal transactions exclusively. It can be used to rapidly produce quotes and then track those quotes issued to vendors as well as quotes received from consumers. Then, when it is time to close a deal, you can save time by easily converting the quote into a contract.
Good industry-specific software will allow you to exercise complete control over retail and commercial purchasing processes. Software should be able to provide insights into purchase and vendor activity across multiple sites. Accurate reporting should allow you to view what has been purchased, from whom, for how much and where the purchase took place. A good software solution will then be able to generate a variety of reports to summarize and dissect this information, revealing where this is room for improvement.
ScrapWare software solution for quotes and contracts
ScrapWare, a popular scrap metal recycling software, has a solution for scrap metal recyclers looking to streamline their process for providing purchase quotes and at the same time create opportunities for increasing profitability. Across the nation, recyclers rely on their user-friendly Quotes & Contracts module. It has everything you need to easily produce, track, and process each quote and contract. No more struggling to remember the details about all the documents you’ve issued and received.
The Quotes & Contracts tool instantly gives you a full view of all daily estimate and agreement activity. Forget about trying to keep up with ever-changing market conditions, too, because the software is fully customizable. That means you can access open pricing, price books, recurring quotes and contracts, and any other tools you use to determine your pricing. Then, when businesses are ready to make a deal, they can save valuable time by easily converting quotes into contracts. This helps increase profitability because recyclers can quickly determine which consumers offer the best prices for a given commodity, view the open and closed quotes and contracts with vendors or consumers, and then decide what material to ship first. You can even produce reports that compare shipments and receivables against sales contracts and purchase orders.
E-signatures enhance quotes and contracts software
Another time-saving feature is the ability to convey a contract to a vendor that they can sign with an e-signature. E-signatures are legally binding but do not require the parties to deliver pieces of paper for a hard copy signature. With an e-signature solution, a quote can be converted to a contract and emailed back to the vendor for an immediate e-signature. This greatly simplifies and speeds up your business process. ScrapWare has teamed up with DocuSign to integrate e-signatures into their software with their ScrapScribe product.
Reduce waste and streamline processes.
ScrapWare’s Purchase Quotes & Contracts software is packed with unique features that help boost your productivity and your bottom line:
- Find the best prices for a given product in an instant.
- Make informed, cost-effective decisions about shipping based on the status of quotes and contracts.
- Measure vendor deliveries against their predicted weights and adjust the price as needed.
It all adds up to better control, less waste, and more convenience.
Assess your brokerage deals in a snap
The Brokerage feature in ScrapWare’s Quotes & Contracts module is built to deliver amazing insights. Connect sales contracts to one or more purchase contracts so you can easily set back-to-back or one-to-many brokered deals. Then you’re just a few clicks away from user-friendly reports that help you measure the profitability of your brokerage activity. That’s smart decision-making at its best!
Analyze data with ScrapWare’s Quotes & Contracts software
Harnessing and analyzing data is the way of the future to be competitive. ScrapWare has been supplying scrap metal recyclers with industry-specific software for the past 35 years. ScrapWare’s cloud-based product is designed specifically for the needs of the scrap metal recycling industry. ScrapWare has continually enhanced its modules to track and manage purchases, sales, purchase quotes and contracts with input from its scrap metal recycling customers.
As scrap metal recyclers invest in more efficient ways to process metal, they also need to examine software investments to help them crunch the numbers.
About ScrapWare Corporation: Since 1989, Rockville, Maryland-based ScrapWare Corporation has been the software of choice for the recycling industry. Its ease of installation and simplicity saves users time and money while helping them achieve compliance and maintain accurate business insights. With state-of-the-art functionality tailored to each organization’s unique requirements, ScrapWare is an advanced dynamic software solution that alleviates the most pressing recycling industry worries. For more information, please call (301) 517-8500 or visit https://www.scrapware.com/.