A Powerful and Integrating Platform
Many companies have invested in technologies to improve sourcing and purchasing efficiency, such as automating processes and improving procurement and end-user productivity. We’ve focused our efforts on additional proprietary technologies to enhance and accelerate procurement effectiveness and results with a platform that:
- Captures and systematically leverages market intelligence
- Provides a mechanism for our highly specialized team members to collaborate globally and communicate constantly with stakeholders
- Tightly integrates processes using workflow and automation
- Provides clients with detailed spend, savings and compliance visibility.
Sourcing and Category Management:
Our Sourcing & Category Management platform connects and provides visibility to all processes and documents, from initial opportunity identification, to sourcing, to contracting and ongoing cost innovation projects. Key features include:
Best of breed category sourcing technologies:
- Proprietary contract management technology
- Decision optimization tools
- Supplier performance management tools
Purchase-to-Pay Management:
Our platform optimizes the purchase-to-pay process and enhances the functionality of our client’s existing procurement technologies. These tools eliminate many of the still prevalent manual purchasing activities, reduce the cycle time and increase accuracy of exception processing, and improve end-user customer satisfaction.
- Automate, trace and measure purchasing activity
- Distribute work optimally around globe
- Validate preferred suppliers and pricing
- Capture non-compliance data and actionable reason codes
Visibility and reporting:
Our Proprietary SavingsLink™ platform, not only measures, analyzes and tracks enterprise-wide spend, but also provides a comprehensive view of realized and forecasted savings down to the project level. With this enhanced spend and savings visibility organizations can effectively control more indirect spend, take action to improve compliance, and provide accurate, Finance-verified and validated realized savings that can be redeployed or driven to the bottom line.
Intelligence and information management:
ProcurianSM sits at the intersection of dozens of types of data – including supply-market intelligence, line-level spending data and operational performance data – from thousands of sources. To optimize and leverage these data while protecting client confidentiality, we apply robust information management solutions that involve extracting data from Procurian, client and supplier systems, and then normalizing, cleansing and classifying this data. We then apply proprietary expertise, processes and algorithms to turn data into actionable insights.