Procurement: Streamlined Technology Acquisitions

Companies that require to procure or buy supplies for their day-to-day operations need a process called indirect procurement. On the other hand, companies that expend a good deal of money and effort in looking for good supplies to grow a distinct department within the company use a method called direct procurement.

Now, depending on what your company’s requirements are, you’ll have a better idea of the kind of procurement services you require once there is a requirement for obtaining supplies or services.

Service Layer

This layer includes business processes developed with best-in-class standards, operating models, people element and Service Portfolio/ modules, supported by automation and domain expertise.

Technology Layer

Includes the cloud and network of supporting applications, ERP platforms, and infrastructure.

Intelligence & Analytics

These components form a critical aspect inbuilt into the standard that facilitates the proactive processing of data at numerous levels. You can use cutting-edge analytics to identify options, trends, and improvement areas.

Compliance & Risk Management

The compliance and risk management factors are inbuilt into the PRAAS framework, including both service & technology aspects.

Workflow Approval

Spend Reporting

Integrations

Cloud Hosting

Three-way Matching

Vendor Management

Customization

Need a Services Procurement Partner ?

We all know that it is very expensive for organizations to maintain domain expertise in every category of spend. When this happens, procurement service providers come into the mind of the organization.

Working with a procurement service provider avoids the difficulty of procurement infrastructure for non-strategic and non-core categories. If you’re looking for a services procurement partner and aren’t sure where to start, let us help. We’ve years of experience handling this spend category for organisations globally across multiple industries, we can implement changes, negotiates with suppliers, and utilize proven best practices in the procurement industry.