How is technology transforming global sourcing ? Claritum

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.

How is technology transforming global sourcing ? Claritum

The Claritum team is growing

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

ASL Global goes live world-wide

Bath, UK (May 12, 2019) – Claritum, a provider of cloud based eProcurement solutions, today announced that ASL Global has deployed Claritum to their world-wide offices.

Claritum, Creative Awards Finalist

Bath, UK (April 30th, 2019) – Claritum, a provider of cloud based spend management solutions, is proud to be named as a Bath Creative Awards Finalist.

Print Strategy Europe sign with Claritum

Bath, UK (April 5th, 2019) – Claritum, a provider of cloud based spend management solutions, today announced that Print Strategy Europe had signed with Claritum for the supply of a solution for procurement of marketing promotional and print products.

Wahooti at the forefront of promotional procurement on Claritum

Wahooti has further increased their procurement of branded office furnishings, using the Claritum platform, with the expansion in the supply of branded frosted glass and large scale wall posters.

Cubiquity integrates to Trilogy Print

Bath, UK (February 14th , 2019) – Claritum, a provider of cloud based spend management solutions, today announced that Cubiquity Media had successfully integrated to Trilogy Print. Allowing Cubiquity to fully automate the placement of and fulfilment of orders with Trilogy Print.

Malaysian Ringgit Press Release

Claritum, a provider of cloud based spend management solutions, today announced that the Claritum platform had processed the first of many transactions in Malaysian Ringgit

Wahooti Expands with Additional Users

Wahooti adds additional users to support their service growth. Claritum readily enables Wahooti to expand their procurement operations.

Claritum recognised for Technology and Innovation

Claritum recognised for Technology Innovation. One category had 46 entrants alone! So it was great to be recognised as a Bath Life Awards Finalist. The Bath Life Awards are the business highlight of the city. They are the most prestigious, most tightly contested Awards with the greatest number of regional companies involved.

Claritum enables early payment discounts

Early payment discounts are increasingly being leveraged by organisations to gain additional discounts from their suppliers. However, making these savings requires a fast turnaround on any invoicing. It is not sufficient just to agree early payment discounts contractually: you have to be in a position to realise these discounts.

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