Key Capabilities

Products updates, features and key capabilities

 

Does Low Cost Spend Control Matter?

Does Low Cost Spend Control Matter?

Getting low cost spend (or Tail Spend) under control offers more benefit than you realise. Cost savings of course. However, reduced supply risk, time savings, better compliance and improved user satisfaction are all significant benefits to your organisation.

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Impact Acceleration Award for Claritum

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.

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Maverick buying moves mainstream

Maverick buying moves mainstream

The number of employees procuring outside of any formal procurement structure is increasing. This increase driven by the many marketplace services available in the cloud and the ease of purchase and familiarity of these Marketplaces.

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Claritum extends SAP integration to SRM

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)

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Technologies that Impact Procurement

Technologies that Impact Procurement

There are a lot of articles around on what Procurement needs to do; how Procurement needs to change; and how technology will fundamentally change Procurement. Rather than repeat these and try to tell you what you already know, that change is a good thing if it produces better results. This article summarises, as a table, technology areas that impact on Procurement that you might need to investigate.

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Catalogues

Catalogues

Claritum’s catalogue functionality provides users with branded access to products that can be sourced from multiple suppliers around the world alongside specialist or preferred local vendors. Your users, or customers, will be able to source anything, any time,...

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Mobile

Mobile

For users on the road, key capabilities are all accessible via a mobile device. Users can access catalogues to purchase items and management can monitor transactions, view dashboards and enter approvals 24x7, wherever in the world they are located. With an increasing...

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Automated Order Processing (AOP)

Automated Order Processing (AOP)

Claritum’s Automated Order Processing (AOP) removes the need for manual intervention when processing orders. When enabled this capability streamlines the selection of a supplier, selects the contracted price for the order, raises the relevant purchase order, routes...

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Enhanced Supplier Management

Enhanced Supplier Management

Claritum’s supplier management capabilities enable Category Managers to add potential suppliers and classify them according to their capabilities, including things such as accreditations, performance data and markets served. Access to these suppliers can then be...

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App Store

App Store

Search, find and instantly enable hundreds of 3rd party tools within Claritum’s own App Store. The App Store includes pre-integrated tools and online services to streamline your processes and add value to your business. Apps include approvals, courier pricing &...

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Vendor Managed Inventory (VMI)

Vendor Managed Inventory (VMI)

Suppliers of stocked and configurable products can manage their own inventory. Vendors can add new stock items, confirm pricing and delivery information, update stock levels and dispatch capabilities in real time. This significantly reduces the overhead on the...

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Multi-Territory

Multi-Territory

Centrally control multiple territories. Claritum helps companies transact with buyers, service providers and suppliers internationally. The platform enables users to transact in multiple languages, currencies and time zones and handles cross border trading...

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Data Analytics

Data Analytics

Real time data analytics can only be achieved if you are updating the data source in real time. Procurement data is updated in real time with Claritum

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Benchmarking

Benchmarking

Data analysts can view benchmark data on over $3bn of products and services sourced from millions of transactions over 10 years. The data is generated by the Claritum platform and anonymised to protect the vendors and provides a high level benchmark for broad product...

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Supplier Self Service

Supplier Self Service

Claritum’s solution enables suppliers to manage their own online profile, receive bid requests and submit their responses. Suppliers can also be enabled to manage orders, invoices and receive valuable information on performance, such as win/loss ratios, reason for...

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Project Workflow

Project Workflow

Different product categories often require different workflows, so the Project Workflow functionality allows you to set up workflows with the right milestones for each product or service category. Using a combination of optional or mandatory milestones you can ensure...

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