Does your business source products and services from global markets?

If your company is sourcing goods and services internationally you could be reaping many benefits. These include access to cheap raw materials and products, tax breaks and reduced labour costs. However, you could also face many challenges when globally sourcing across geopolitical boundaries. Your business could struggle to achieve visibility of its global supply chain. Without good visibility, maximising the benefits from global sourcing is impossible, as it is impossible to track exactly how much is being spent. Fortunately, technology is revolutionising the way organisations can process and track every stage of their global sourcing operation.

Do you have visibility of a global supply chain?

If your organisation struggles with supply chain visibility you are not alone, according to Deloitte’s survey of Chief Procurement Officers, 65% of CPO’s have limited or no visibility beyond their Tier 1 suppliers. One problem your organisation might face is the challenge of how to compare bids from multiple suppliers in multiple currencies. So, how do you solve this problem? Do you rely on spreadsheets to compare factory costs, duties, shipping and other factors that impact on total prices? The problem with spreadsheets is they are not easy to share globally or keep up to date, which means they can be an unreliable source of data.

A better solution to this problem is to utilise cloud based spend management technology. A good cloud based spend management platform (like Claritum) can be accessed 247 from anywhere in the world and can provide centralised visibility over every transaction in real time.

Supply chain visibility is poor

%

of procurement leaders have limited or no visibility beyond their Tier 1 suppliers.

Source: The Deloitte Global Chief Procurement Officer Survey 2018

Global Sourcing Technology

At Claritum we help clients to acheive centralised control over local transactions by tracking every penny of cost from production to fulfilment, duties, shipping and storage. Claritum’s spend management platform enables users to reduce the time spent dealing with suppliers and customers by making repeat ordering and contract management easier to manage. We help clients to onboard large number of suppliers by profiling each according to capability, product service, location, and other criteria. Our Web Services API enables customers to streamline their entire workflow and integrate with buy-side and supply-side software platforms. The platform also automates processes to reduce manual intervention which effectively eliminates re-keying errors and minimises the time wasted on manual processes. Claritum’s powerful global reporting capability ensures that you can access meaningful reports from anywhere at anytime and in realtime.

If you are experiencing problems with visibility in your global supply chain contact Claritum today to find out how we can help you.

Prof Rick Hillum at Claritum shortlisted for Tech Southwest Leadership Award

Prof Rick Hillum, Executive Chairman at Claritum, shortlisted for Tech Southwest Leadership Award.Toby Parkins, Chairman of Tech South West, said: “The South West is pushing the boundaries of technology and it’s brilliant to be celebrating that achievement with the Tech South West Awards. A huge congratulations to the brilliant entries who made it through to the shortlist – with so many extraordinary entries from a huge range of companies, individuals and initiatives, the judging process was incredibly difficult. ”

Claritum serves Coca-Cola

Bath, UK (September 4, 2019) – Claritum, a provider of cloud based spend management solutions, today announced that Coca-Cola has been added to the many brands procuring marketing goods and services through our Cloud solution.

Claritum adds Hungarian to the long list of languages supported

Bath, UK (Aug 15, 2019) – Claritum, a provider of cloud based spend management solutions, today announced that Hungarian has been added to the many languages supported on Claritum.

Claritum Sponsors Bath Digital Festival

Claritum Sponsors Bath Digital Festival. The Bath Digital Festival brings people and technology together to explore the thriving digital world.

Claritum receives funding to explore the business model for an AI driven Enterprise Marketplace

Claritum receives funding to explore the business model for an AI driven Enterprise Marketplace from Setsquared, Bath. Read on…

Claritum takes part in UK-U.S. Dialogue Event.

Bath, UK (July 9, 2019) – Claritum, today took part in the he 4th UK-U.S. Small and Medium Enterprise (SME) Dialogue event. The event brings SMEs and stakeholders together with government officials to identify ways to deepen UK–U.S. trade and investment ties and strengthen cooperation.

Impact Acceleration Award for Claritum

Bath, UK (June 25, 2019) – Claritum, together with Setsquared and the University of Southampton Business School, has secured an Impact Acceleration Award* focused on using AI Data Analytics to identify issues, gain better spend visibility and make faster business decisions.

Claritum serves Heineken

Bath, UK (June 11, 2019) – Claritum, a provider of cloud based spend management solutions, today announced that Heineken has been added to the many brands procuring marketing goods and services through our Cloud solution.

Claritum extends SAP integration to SRM

Bath, UK (June 3, 2019) – Claritum, a provider of cloud based spend management solutions, today announced that they have extended  their integration with SAP to include additional functionality on the integration of SAP SRM (Supplier Relationship Management)

The Claritum team is growing

Claritum, a provider of cloud based spend management solutions, today announced the addition of new talent into the team.

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