All Modules
eSourcing
EC Sourcing Software Benefits:
Hard dollar savings on an average of 18%
Process Efficiency and Time Savings of 40-60%; cut project cycle times in half
Process transparency
Full audit and archival capabilities for SOX compliance and re-use purposes
Greatly improved data collection and analysis capabilities
Collaborative communications and document exchange
Proactive project status monitoring and notification
Familiar Microsoft Excel® like functionality on the Internet
Better visibility into sourcing progress and outcomes
Soft Auction™ functionality – auction benefits without doing an auction
Process Management
Better visibility & less confusion = happy customers
Our process management module provides you with one place to manage all procurement processes, which provides better visibility for both stakeholders and the procurement team. How many emails or calls do you receive asking for an update on this RFP or that contract or when will that supplier be onboarded? Imagine a central location where all those answers could be found by each individual in a self-service manner without talking to you.
Optimization
Implement more identified savings with less internal resistance.
Our proprietary Optimization tool will find the best award given your operational realities in 50% to 80% less time if you are doing this in Excel today. Business rules can often be an obstacle to implementing identified savings. Optimization allows you to quickly understand the “cost” of each rule, so you quickly compare the available trade-offs and pick the best possible award for your organization
Spend Analysis
The Powerful Benefits of Using Spend Analysis
Know who is spending
Know who they are buying from
Know whether buying is from preferred vendors
And know this within weeks, not months so you can proactively correct rouge spending – Refresh data sets regularly for compliance tracking.
Intelligence
Gain a competitive advantage with greater visibility into the organization and your team’s activities.
In today’s world, users want to see all of their team’s activities quickly and easily. Our intelligence module allows you to quickly see high-level information on all of our modules in configurable charts and graphs.
This could be expiring contracts, upcoming sourcing due dates, process flow tickets that are falling behind and a myriad of other options. See the screen prints below to see a few of the available options.
Supplier/Vendor Management
Our Supplier Management Solutions will help you:
Assess vendor capabilities, financial solvency, product/service quality and pricing
Organize standard information into a single comprehensive system that provides easy access, review and retrieval
All supplier information and related signed documents are retrieved in a structured, yet flexible questionnaire-like manner that allows for easy access
Ensure that all supplier-related documents and periodic questionnaires (IT, risk, and general) are received on time and in the desired format
Keep track of questionnaire due dates and document expiration dates. Our web-based application sends proactive notification to suppliers to ensure timeframes are met.
Automate and simplify supplier on-boarding – making it easier to establish an initial relationship for both parties
Contract Management
Our comprehensive contract management system allows you to:
Automate and streamline the entire contract lifecycle
Reduce contract management time and simplify administration
Effectively negotiate, manage and track all types of contracts and business agreements
Make better management decisions with improved analysis tools and reports
Ensure contract consistency and compliance with more accurate records by tracking all modifications to contract data
Assure contract obligations are met on time with proactive alerts, and tracking of key dates, events, commitments, fee schedules, and payments
Centralize a contract repository so that you can access contract and agreement data quickly, easily and reliably across the enterprise