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 PDF
Our client recognized that their creation-to-award process, which required thousands of bids to be manually processed every month, had to be updated.
Reduce the 6-week timeline to collect bids, evaluate and award suppliers.
Reduce the need for less secure data storage methods, like email and paper-based communications
Deliver metrics that expose savings opportunities and makes audits easier.
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.
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
Delivers comprehensive modules that automate the Source-to-Pay process.
Ensures visibility into suptplier engagement and spend optimization opportunities.
Provides state of the art reverse auction technology for Dynamic Bidding.
Generates a final award report with a single click greater transparency.
Establishes seamless 2-way communication with the existing ERP.
Allows participants to bid down, in addition to traditional sequentially higher bids.
Allows bid events to be created with a single click
Empowers vendors to schedule & perform inspections in accordance with Uniform Physical Condition Standards.
Our client was thrilled to find that the 6-weeks required to collect bids, evaluate and award suppliers had been reduced to 2 days.
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.
The most advanced enterprise class data center tier with redundancy applied across the entire infrastructure.
Feel secure that the U.S. Securities and Exchange Commission agrees that our internal controls protect your organization and your vendors.
Ever bit of data is protected by the industry standard for corporate social responsibility.
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
ProcurePort is a leader in providing cloud hosted e-procurement solutions & strategic sourcing services.
Provides an easy to use, powerful, comprehensive and proven e-sourcing toolkit for organizations of any size.
Empowers an organization to improve spend management, automate processes and achieve procurement excellence.
Deliver the highest level of data security and confidentiality in a Tier IV SSAE 16 Type II compliant data center.
We’ll guide you through selecting the modules that best meet your implementation requirements.
11715 Fox Road, Suite 400-203 Indianapolis, IN 46236