By automating many aspects of the requisition-to-payment processes, overall cost savings would be the most noticeable benefit of the eProcurement system. There are host of other significant benefits when our customers use STRATEQ BUSINESSHUB eProcure solution and eMarketplace system such as shown below:
BUYERS
- Reduces/eliminates entirely tedious and time-consuming manual input while still retaining control of purchasing process
- Faster order-cycle time from purchase requisition to delivery
- Savings in reduced paperwork, reduced faxing costs and reduced mistakes
- Complete end-to-end e-procurement flow from purchase requisition to payment – increases efficiency
- Online collaboration with vendors
- Reports on procurement spending, supplier performance
- User friendly, simple interface
VENDORS
- Maintenance of customer relationships and brand identity (highly convenient for buyers to procure)
- A fully-integrated fulfillment process that optimizes cost and time efficiency (reducing inconvenience of paper, visits etc.)
- Increased business opportunities
- Affordable and low cost e-commerce solution (via yearly subscriptions on the HUB)
- Pro-active sales planning with purchasing information and behaviour
- Standardized and efficient content management services (for cataloging of products and services)