Software's a super-procurement solution
Intense competition means companies often struggle to remain profitable and push for sustainable growth. Cost-cutting can be effective. But it's also a dangerous exercise. Cut the budgets in the wrong place and you could be jeopardising product or service quality... not to mention team morale.
So where can you then shave unnecessary expenses in a reasonable and safe way? Welcome to the super-procurement officer.
These skilful professionals are masters of negotiation, are aware of the status of every order at any stage of the buying process and know exactly how much has been spent. And with which suppliers, and on what terms. They can even give board members a breakdown by specific item.
This person is already working for you
You may be wondering, where can you find someone who could do this much for your business... But the interesting thing is that this person is already working with you.
Any procurement officer (PO) should have fine negotiating skills. They'll be able to communicate effectively with suppliers, maintain strong supplier relationships and be results oriented. And, of course, they have the ability to collate and analyse data to ensure they’re meeting their objectives.
However, as much as most professionals in the position have these skills, it's manual processes with disjointed and outdated information, as well as clumsy internal communication, that get in the way.
Key stakeholders
A robust tool for procurement is eCompleatP2P. It enables POs and key stakeholders across the company to raise, approve, comment on, edit and process purchase orders.
This automated platform, which can also direct the approval to whoever needs to sign off the orders and invoices, collects information along the way to provide a full audit trail and granularity over the company’s spend.
All this business intelligence can then be visualised, in real-time through any of Compleat’s standard reports and dashboards.
Compleat Software will be exhibiting at Accountex London on May 23-24, stand 460.
