Productivity soars when procurement is streamlined.
Our Client, A Housing & Urban Development Giant, relies on an extensive national network of third party service providers to regularly inspect thousands of properties across the U.S. and report any required maintenance needs.
View PDFThe Challenge
Our client recognized that their creation-to-award process, which required thousands of bids to be manually processed every month, had to be updated.
Efficiency
Reduce the 6-week timeline to collect bids, evaluate and award suppliers.
Security
Reduce the need for less secure data storage methods, like email and paper-based communications
Transparency
Deliver metrics that expose savings opportunities and makes audits easier.
Gather
Insights
In order to ensure success, ProcurePort first focused on understanding of the needs of three unique types of users.
As the ProcurePort team began to dig deeper into the user needs, it became apparent that internal employees lacked the ecosystem to efficiently create an RFQ, distribute it to the right vendors and communicate outcomes quickly.
For example, each month data from the ERP needed to be exported and used to manually create an RFQ. Then employees would save the data to a digital format, that they hoped vendors would be able open, and emailed it to over a
hundred vendors. After the RFQ was sent, the team would prepare to evaluate an average of over 100,000 bid points, and enter the results manually into the ERP, often racing a tight deadline.
ProcurePort helped document individual points of failure and create automated workflows that could streamline communication, reduce human errors and make it easy for everyone to communicate efficiently.
Design an
ecosystem
In addition to automated workflows ProcurePort designed a comprehensive platform that eliminated manual processes, and inconsistent communication tools, in order to increase transparency for both vendors and internal stakeholders
ProcurePort e-Sourcing
Delivers comprehensive modules that automate the Source-to-Pay process.
Online real-time tracking
Ensures visibility into suptplier engagement and spend optimization opportunities.
ProcurePort Reverse Auction Module
Provides state of the art reverse auction technology for Dynamic Bidding.
Automated intelligent award mechanism
Generates a final award report with a single click greater transparency.
ProcurePort API module
Establishes seamless 2-way communication with the existing ERP.
Reverse Auction Program (Rap)
Allows participants to bid down, in addition to traditional sequentially higher bids.
Automated online event creator
Allows bid events to be created with a single click
Physical Assessment Subsystem (Pass)
Empowers vendors to schedule & perform inspections in accordance with Uniform Physical Condition Standards.
Days, not
weeks
Our client was thrilled to find that the 6-weeks required to collect bids, evaluate and award suppliers had been reduced to 2 days.
Secure & Intuitive
By simply eliminating manual tasks, the process was made more secure and intuitive, however the addition of enterprise class security eliminated many IT department concerns.
Tier IV Facility
The most advanced enterprise class data center tier with redundancy applied across the entire infrastructure.
SSAE 16 Type II Compliant
Feel secure that the U.S. Securities and Exchange Commission agrees that our internal controls protect your organization and your vendors.
2048 Bit – SSL
Ever bit of data is protected by the industry standard for corporate social responsibility.
Transparent
Savings
Electronic notifications are sent at every stage of the RFQ and a single online space delivers suppliers the tools they need. In addition, internal stakeholders have greater visibility, now they can monitor supplier engagement and identify optimization opportunities in real time.
Watching as vendors bid and compete real-time is always exciting. However, or client’s new ecosystem does so much more. It’s ability to automatically generate an award report and send award notices to winning vendors, eliminates weeks of manual work every month. Tight integration with the existing ERP allows award data to flow seamlessly from ProcurePort and the new level of security builds immediate trust with IT and vendors alike.
Jemin PatelDirector, ProcurePort
About ProcurePort®
ProcurePort is a leader in providing cloud hosted e-procurement solutions & strategic sourcing services.
Procurement Solution Suite
Provides an easy to use, powerful, comprehensive and proven e-sourcing toolkit for organizations of any size.
Consulting Services
Empowers an organization to improve spend management, automate processes and achieve procurement excellence.
On-demand e-Procurement Solutions
Deliver the highest level of data security and confidentiality in a Tier IV SSAE 16 Type II compliant data center.
Let us know what we can do for your organization.
We’ll guide you through selecting the modules that best meet your implementation requirements.
John Elliot
Procurement Consultant
1.866.643.8153
Corporate
11715 Fox Road, Suite 400-203 Indianapolis, IN 46236
