Purchasing Insight

Purchase to Pay, Purchasing & Procurement Process, Electronic Invoicing

Browsing Posts tagged e-Procurement Software

This is the second article in the series reflecting on how we got here.

In the facebook age, when the digital natives – those who don’t remember a time before the internet – are emerging as the new generation of business leaders, thinkers and politicians, it can be easy to forget how today’s business technology evolved. And it’s easy to dismiss it. But knowing a little more than best practice and understanding why we do stuff the way we do is enlightening and helps inform us about the future evolution of business technology. continue reading…

Have you heard about the internet fridge? The one that detects that you’re running low on semi skimmed and sends an email to the grocery store to get you topped up? Well you should have. It’s been announced as the next big thing every couple of years for at least the last 15. I saw a prototype in London in 1996. It’s never taken off and it never will. continue reading…

Purchase to Pay, P2P and Dynamic DiscountingAt a time when the global economy remains uncertain, lending difficult to secure and the light at the end of the recession tunnel still somewhat ambiguous, spending millions of dollars on new IT is not a high priority. For small to medium sized businesses (SMB) it is unthinkable. Only fool would do it. But doing nothing isn’t an option.
In order to ride a recession, businesses need to manage their cost carefully in order to emerge at the other end intact and ready to grow when the economy revives. But doing so without shrinking the business and taking backward steps is a challenge and an investment in IT is simply not a possibility.

This is why the Software as a Service model (SaaS) for supplier relationship management is a perfect fit right now for many businesses.

SaaS e-Procurement Software

Optimization of purchase to pay processes is a proven way to eliminate operational costs. A combination of process changes enabled supplier relationship management tools like e-procurement software while generating a significant return on investment, is traditionally been expensive and time consuming to implement. But take a look at the comparison between the business case for e-procurment comparing an in-house solution to the SaaS model.

SaaS e-Procurement Business Case

Source: IBM

The savings generated are identical but crucially, the ROI using the SaaS model is significantly quicker and the costs dramatically lower. This means that SMBs can enjoy the same operating cost model as big players without the huge investment in IT. It levels the playing field.

SAP SRM 7.0 in a SaaS model

The availability to SMBs of true industrial strength applications like SAP via a hosted model has been talked about and promised since the 90s but it is only now that that vision is becoming reality. Look for example at Hubwoo’s hosted SAP SRM 7.0 offering, eBuy Procurement. eBuy is powered by SAP software which lies at the heart of the Hubwoo solutions offering. The release of eBuy 7.0 includes standard functionalities of SAP SRM 7.0 in addition to  powerful On-Demand features. Hubwoo boast that eBuy drives down the Total Cost of Ownership while accelerating the technology investment for all of their customers.

When doing nothing isn’t an option and there’s an option to make a fundamental operational improvement to your organisation the SaaS model is worth a close look