Back to: Transaction Services

 

Streamlining your purchasing and payment process can lead to improvements in your supply chain and significant cost savings. Inefficient administrative costs can be a result of:

High overhead costs

• Paper purchase orders
• Repetitive data entry
• Transactions difficult to track
• Bottlenecks

Existing systems that are difficult to use

• Poor audit and analysis capability of purchasing patterns
• Major investments not living up to potential
• User morale negatively impacted
• Resistance to future change

Maverick buying

• Occurs routine processes are too slow and/or poorly communicated
• Defeats internal control
• Reduces buying power

Supplier frustrations

• Accounts payable processing delays
• Supplier's price alterations
• Shipping delays and/or errors

Excessive number of suppliers

• Multiple or non-existing contracts
• Few economies of scale

Redundant purchases

• Multiple divisions with similar operations
• Excessive inventories
• No visibility to similar purchases

The implications of these inefficiencies is an inherent and additional fixed cost to every order an organisation places, compounded by the volumes of orders processed.

We have a suite of solutions with the flexibility to provide organisations of various sizes, with existing financial management systems and differing technology capabilities, the ability to procure and/or pay their suppliers electronically.

We have two secure electronic procurement platforms enabling you to transact electronically with your suppliers:

• Enterprise Procurement
• Integrated Supplier Solutions

Solution	Size of organisation	Purchasing complexity	Technology requirements
Enterprise Procurement - Third party hosted	Mid - large	Medium - high Systemic purchasing, strategic sourcing 2-5 level organisational structure	Low (Internet browser)
Enterprise Procurement - Self-hosted	Large - very large	High Systemic purchasing, strategic sourcing 2-5 level organisational structure	High (Internet browser, own servers/firewalls)
Integrated Supplier Solutions	Mid - very large	Medium - high Systemic purchasing and strategic sourcing	Medium (Compatible procurement modules/processes)

These solutions offer straight through processing which reduces the administrative workload of purchasing and payments.