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Home : Solutions : Purchasing : Business Benefits

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LEVERAGE TOOLS AND INTELLIGENCE THAT DRIVE SUPERIOR RESULTS

Leverage Empower Succeed
  • Closed loop process to realize savings
  • Standard and blanket purchase orders
  • Online buyer collaboration channels
  • Support for multiple and complex contracts
  • Streamline procure to pay across all spend categories
  • Standardize documents and common purchasing tasks
  • Efficiently exchange information and define requirements
  • Reduce off-contract, off-catalog pricing and buying
Achieve cost savings by streamlining procure-to-pay processes
  • Compliance monitoring and management
  • Purchasing workflows & permission settings
  • Approval hierarchy creation and enforcement
  • Requisition sourcing rules definition
  • Identify and address policy deviations
  • Reduce maverick purchases and unapproved buying
  • Check purchasing requests for spend approval
  • Dramatically reduce off-contract spend
Drive policy and contract compliance
  • Matching for shipments and receipts
  • Ordering from approved supplier catalogs
  • Analytics on orders, receipts, and activity
  • Supplier data, performance, and catalogs
  • Track supplier deliveries vs orders and invoices
  • Create orders using latest item data and contract pricing
  • Achieve a complete view of goods and services spend
  • Centralize supplier information and performance data
Improve supply base management with control of supplier and item information
  • Best practice, repeatable processes
  • Closed-loop, integrated processes
  • Performance tracking and review
  • Corrective action tracking and alerting
  • Accelerate and improve purchsing effectiveness
  • Capture measurements and lower purchasing costs
  • Make informed purchasing and contract decisions
  • Execute adjustments for rapid improvement
Ensure best-practice continuous improvement in purchasing and procurement

LEARN MORE ABOUT EPIQ PURCHASING