eProcurement in the Cloud:
Standardize and automate routine purchasing tasks to achieve significantly higher ROI
Streamline the procurement process and establish more effective finance processes, yet remain agile
The average procurement professional spends 58% of their time on non-strategic work, according to Spend Matters. Let Claritum free up this resource from basic administration.
Streamline ordering, approvals, deliveries and billing, all in one platform. Easy integration to current financial and procurement platforms and supply-side warehouse, fulfilment, production and logistics through our comprehensive web services API.
Centrally control local buying with easy to use, highly configurable catalogues. Enable employees to buy from multiple suppliers. Capture orders and aggregate demand.
Release your expert buyers from administration to efficiently collaborate with customers and suppliers. Provide advice, assistance or a fully managed service within your organisation or to external customers for your Indirect Spend.
Manage custom bids. Pre-negotiate rate cards for standardised products and services. Contract with preferred suppliers, monitor performance in real time and ensure compliance.
Real time access to dashboards and granular line item visibility of every transaction locally, nationally and globally. Management reporting, performance dashboards and analytics accessible to departmental managers, suppliers and to service providers.
Whatever size of organisation or procurement service provider you are, you can manage your customers and suppliers locally, nationally and globally. Localized languages, currencies, time zones and formatting are supported for cross border trading.
“The measure of success is not whether you have a tough problem to deal with, but whether it’s the same problem you had last year.” – John Foster Dulles
Every year, companies make many manual purchases in their Indirect Spend category that are too small to be handled by procurement or too infrequent to be included in a single vendor catalog. The overhead associated with these purchases within procurement, finance and also within departments making these purchases, is substantive. Plus, there is a missed opportunity for significant, measurable and sustainable cost savings.
Claritum’s eProcurrement in the Cloud platform provides centralized visibility, control and compliance over frequent low value or single one off purchases. Resulting in real time visibility and compliance of every transaction, locally, nationally and globally of these products and services, often referred to as ‘Tail Spend Management‘. Claritum’s spend management platform transforms the process for sourcing, procurement and invoicing for Indirect Spend products and services. Delivering on significant, measurable and sustainable cost savings on what typically accounts for 20% of an organisations spend.
Indirect spend categories are often characterized by either frequent, low value orders, or larger infrequent or one off purchases. Often placed by inexperienced employees under time deadlines. Employees often find enterprise ERP/Procurement too cumbersome and slow to manage tail spend purchasing. Products and services such as marketing print, packaging, uniforms and apparel, gifts and premiums, facilities, temporary labor and many others represent over $2trillion of expenditure globally and yet 80% of businesses source these categories manually (online search, phone and email) resulting in errors, inefficiencies and lost savings opportunities of between 15% and 30%. It is these manual processes that prevent most organizations from gaining the visibility and control they need to effectively manage their expenditure.
Claritum enables employees, procurement experts and suppliers to collaborate efficiently. Users can specify accurately, request and evaluate bids from suppliers, streamline purchasing, get approvals, receipt goods and process invoices with minimal manual intervention. Claritum integrates easily with buy-side ERP and financial platforms and supply side estimating, production, warehouse and fulfilment systems to automate the entire source to settle process. Claritum is trusted by global enterprises, regional businesses and procurement service providers to deliver significant, measurable and sustainable cost savings and process efficiencies.
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Claritum’s Procurement Platform
is trusted by over 150,000 users in 35 countries to deliver significant, sustainable and measurable savings