Standardizing and automating routine purchasing tasks to achieve significantly higher ROI
The average procurement full-time equivalent (FTE) manages more than 300 suppliers (with over 85% in the tail) and more than 2,500 purchase orders per year
The average procurement professional spends 58% of their time on non-strategic work (Spend Matters)
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.
Every year, companies make many 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 cloud based spend management platform provides centralized visibility, control and compliance over frequent low value or single one off purchase local buying. 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.
Tail Spend Management categories are often characterized by frequent, low value orders, often placed by large numbers of 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.
Contents Introduction Effective eProcurement can shift transaction processing to the end users who actually use the purchased goods or services, freeing up supply management personnel for strategic value-creation work and ensuring users see purchasing efficiency...read more
Contents Introduction The expression of loading the dice refers to the extra weight on the inside of a loaded die that causes the opposite side of the weighted side to come up more often. In the case of procurement, loading the dice refers to taking actions that...read more
Introduction This article focuses on effective supplier management. The article is orientated towards indirect spend, however many of the principles apply to all spend categories. The five pillars of effective supplier management covered in this article are: 1Supplier...read more
We've compiled a list of some of the best must read procurement white papers and analyst reports (in no particular order of importance or preference) covering a variety of topics such as supply chain management, tail spend and the future and digitization of...read more
Do you have a tail spend problem? Here is our list of 5 signs that show you could have a problem with tail spend. 1Your finance team come up with different numbers to your procurement team Many organisations rely on poor quality information such as simple summaries...read more
What stage is your business at? Businesses experience common problems which occur at similar stages in their development on the road to maturity. Identifying where your business is in it’s development can help you to assess your current challenges, such as where you need to invest time and energy and where you need to make strategic changes.read more
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