Increase efficiency by harmonizing master data across functions and back-end systems and other legacy applications using a common database updated in real-time so improving the data accuracy and maintained a high quality and reliable supply base.
Improve the effectiveness of supplier qualification and performance monitoring processes providing updated vendor list and score card.
Monitor and audit internal and external regulatory requirements by supplier and/or contract level.
Configure a flexible template to address any type of cost breakdown for any spend category and support the selection (manual or by categories) in order to invite the appropriate number of qualified suppliers to participate in bidding events providing automatically notify when any changes to tender or specifications occurred.
Enable negotiate best-value agreements using dynamic and collaborative negotiation mechanism monitoring the status of responses and reminders, reopen negotiation, store and retrieve historical tenders with access control allowing only for authorized users. It is possible to manage the two-envelopes bidding procedure (Technical and economical).
Provide a bid benchmark based on predefined scenarios (lowest cost by item, best one, etc…) for identifying the optimum one. It enabes a pre-awarding notification and split the award tender to one or more suppliers.
Contract Lifecycle Management
Enable the digitalization of entire contract lifecycle, including contract authoring, using workflows to address negotiation and internal approval, and execution via electronic signatures.
Improve the contract lifecycle compliance through available pre-defined contract template, task-driven reminders and alert for renewal activities as well as search, storage and reporting capabilities.
Streamline the internally and with trading partners communication during negotiations through proactive notification system along the entire e-procurement process and shared contract repository.
Enable an effective collaboration between internal users and purchasing departments using operational workflows so streamlining the process of demand aggregation and converting the requests its into requirements.
Integrate external supplier catalogs (load or punchout) to eliminate manual handoffs and simplify the price comparison based on macro categories according to appropriate tree as well as have visibility into catalog updated status in terms of validation and publication.
Provide purchase budget report status on “n-dimension” (category, cost centre, contract, organization) so monitoring the performance and identifying maverick buying, processing forecast, and variance analysis.
Indirect e Procurement
Streamline the operational e-procurement through web-based self-service (shopping cart) and collaborative requisitioning for spot order provide a complete visibility for the order processing status and change tracking each event occurred.
Support the e-procurement process from the purchase request approval to issuance and placing order using workflows based on organization chart or other company policies and priorities.
Provide an efficient management of the working progress status or activity report through an effective collaboration between buyers and suppliers, included the copacker, based on appropriate data exchanging routed by specific workflows.