Combine RFx’s for custom bid requirements and pre-negotiated rate cards for standardised products and services. Contract with profiled suppliers, monitor performance and get the best deals.
Capture orders and aggregate demand. Centrally control local buying with easy to use, highly configurable storefronts. Enable employees to shop from multiple suppliers, all in one place.
Streamline ordering, approvals, deliveries and billing, all in one platform. Integrate buy-side financial and procurement platforms and supply-side warehouse, fulfillment, production and logistics through our comprehensive web services API.
Get granular line item visibility of every transaction globally and real time. Share management reports, performance dashboards and analytics with customers, suppliers and co-workers.
Claritum’s cloud based spend management platform streamlines sourcing, procurement and invoicing for frequently ordered products and services, often referred to as ‘tail spend’. Every year, companies make millions of purchases that are too small to be handled by procurement or too infrequent to be included in a single vendor catalog.
Tail spend 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.
For a $1bn revenue company, bringing tail spend under management is a ±$30m profit opportunity. Claritum enables employees, procurement experts and suppliers to collaborate efficiently. With Claritum users can specify accurately, request and evaluate bids from highly profiled suppliers, streamline purchasing, get approvals, receipt goods and process invoices with minimal manual intervention. Claritum provides centralized control over local buying resulting in real time visibility and compliance of every transaction, locally, nationally and even globally. Claritum integrates easily with buy-side ERP and financial platforms and supply side estimating, production, warehouse and fulfillment 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 savings and efficiencies