FINDING AND CRITICAL ISSUES
Managing orders and invoices, renegotiate purchase contracts, gather information about suppliers, keep expenses under control. Those are all challenges and activities that businesses face on a daily basis. To overcome them, more and more companies are implementing innovative digital solutions for managing the internal supply process: from strategic sourcing to invoice payment.
Risks that companies might run into, if they don not evolve or develop, can be grouped into three major categories:
- DESTRUCTURED INFORMATION
- LIMITED USABILITY
- FRAGMENTARY COLLABORATIONS
ADVANTAGES
Achievement of the company’s digitalization and innovation goals. The introduction of the e-procurement platform determines a true digital revolution of the supplying and purchasing process. The use of the dedicated e-procurement platform creates a multiplicative factor of three. It means that the same number of users can manage a three times larger volume of purchases and invoices compared to companies that operate following a traditional method. This fact generates an opportunity to reorganize the work flow and lead individuals towards activities with a higher added value. Enhanced collaboration among functions and with suppliers, resulting in an increase of shared knowledge and information among different business areas and 70% in savings compared to current spending, with a one year ROI.
HOW DT ACTS
Digital Technologies’ solution can manage all steps of the process, form sourcing to orders and invoices management. The introduction of a digital solution entails a review of the procurement process architecture. For example, the involvement of all the parties represents one of the main elements of evolution. For this reason, Digital Technologies’ solution is completely modular and can be gradually troduced, module by module. Digital Technologies supports the client with a consultative approach, making available its strong knowledge of the process, organizational redesign competencies and change management support.
DT’S SOLUTION
The Digital Technologies Platform encourages operations in close contact with the supplier and provides the appropriate tools to make the processes of negotiation and selection of suppliers more rapid.
The Procurement Module, allows you to manage the phases of request, order and receipt of goods in fully digital mode.
The invoicing phase determines the closure of the process. The DT solution facilitates invoice management by encouraging compliance with deadlines.
