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Overview

ProcureEdge

Helping global enterprises realize rapid and sustainable savings across the source-to-pay life cycle

Enterprises today are increasingly seeing procurement as a strategic function, given the impact it can have on the margins and bottom-line. However, despite having technology-enabled procurement systems, frameworks and processes in place, procurement executives continue to face several challenges. These include:

  • Inadequate spend visibility
  • High savings leakage
  • Maverick spending
  • Disparate procurement processes and systems
  • Unsatisfactory contract management and compliance
  • High total cost of ownership (TCO)

The need to successfully navigate these challenges while taking the procurement function to the next level remains high on the priority list of procurement executives.

ProcureEdge - E-Procurement System

ProcureEdge helps global enterprises move their procurement function to the next level by enabling them to realize rapid and sustainable spend savings while providing transformational business benefits across the Source-to-Pay (S2P) life cycle. Delivered in the Cloud, ProcureEdge is a flexible and scalable platform, which can be deployed rapidly enabling enterprises to enhance savings, reduce total cost of ownership (TCO), and improve supplier performance and compliance measures.

Offered on an outcome-based, pay-as-you-go pricing model, ProcureEdge provides enterprises with better spend predictability and visibility, while lowering their capital investment outlay by converting capital expenditure (CAPEX) to operational expenditure (OPEX).

Pre-built, and pre-configured with industry best practices, ProcureEdge helps companies achieve faster time-to-market and is designed to help companies benefit by way of:

  • Superior sourcing and category excellence
  • Enhanced spend control and visibility
  • Improved process standardization and efficiency
  • Best-in-class technology and tools
  • World-class sourcing and procurement services
  • Improved compliance

Benefits

Spend control and visibility

  • Identifies maverick spend and reduces savings leakage
  • Improves supplier relationship to ensure collaborative procurement

Efficient procurement

  • Manages multi-currency and multi-lingual challenges
  • Identifies suppliers with best prices and performance
  • Streamlines and automates business processes
  • Improves buyer experience

Superior economics

  • Superior category management services can provide up to 3%-8% in savings
  • Improved spend visibility can help improve spend savings of up to 8%
  • Increased user adoption of the platform can result in additional savings of up to 3%
  • Superior spend efficiency can be obtained by managing up to 70%-90% of spend
  • Cloud based delivery model can help reduce TCO by up to 25%

Vast resources and knowledge

  • Large resource pool of sourcing, procurement, and category experts
  • Sourcing and category expertise with over 1700+ man years' experience
  • 15 million purchase order (PO) line items processed per year for clients
  • We manage over $27 billion in spend and conducts over 2,500 sourcing events annually for clients globally

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