Procurement is a big deal for organizations of all sizes, across all industries. Spending on external goods and services can equate to 40 to 55 percent of a company’s total revenues.
But it’s challenging to get all of it right:
Process inefficiency is frustrating for all stakeholders.
Technology drain because applications are not optimized.
Disconnected objectives across the business, finance and procurement.
Limited visibility creates risk and prevents informed decisions.
Sourcing and procurement services are rapidly evolving from the old lift-and-shift model, and the associated conversation has shifted from low-cost efficiency to long-term value.
Gaps exist despite organizations' heavy investment in resources and technology. Now is the time to plug into the services you need to accelerate savings and business outcomes.
THE INDIRECT SPEND DILEMMA
Within an organization, these products and services are purchased by thousands of different users. Few organizations are able to strategically manage all of their indirect spend because of three key barriers–and procurement cannot fully address these challenges alone.
Lack of information
Lack of follow-through
We’ve developed a unique model to help businesses elevate the role and impact of procurement. Our sourcing and procurement services are specifically designed to help to address the challenges of indirect and other under-resourced areas of spend; and to overcome the disconnects in procure-to-pay.
Organizations need flexibility and scalability. Whether your goal is to build a strong indirect capability quickly or you want to supplement existing capabilities, we help deliver desired outcomes at speed.
We take a different approach. Our Specialized Procurement Infrastructure is designed to augment and transform your procurement organization—not replace it. It allows clients to quickly access the additional capabilities they need to improve performance and impact. This infrastructure infuses specialized procurement and category specialists, and continuously compounds market intelligence and analytics – harvested across our client base – throughout the full source-to-pay process.
We aggregate data that comes from helping clients improve billions of dollars of spend–and translate it into valuable insights and then help each client put them into action and drive business outcomes.
The savings we help you capture can be as much as five times greater than the average performance. By leveraging experience/knowledge to support your existing teams, we can help you access additional spend and categories that have traditionally been off limits.
Through real-time market intelligence and analytics, we can help you drive even better sourcing outcomes and pricing, providing a boost to the bottom-line. Our infrastructure is ready to plug in today, so you do not have to spend years building these capabilities.
Desired outcomes our clients experience include:
Increase spend under management
Improved transparency and insight
Enhanced compliance and better realized savings
Ongoing cost and supplier performance improvement
Flexibility to rapidly respond to change
Ability to support strategic objectives like: Risk mitigation, sustainability, innovation and growth
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