| As many CPOs in the Global 2000 have experienced, technology-driven procurement initiatives in the past decade have often proven to be far more costly and complex than anticipated.
The typical procurement department simply does not have enough resources to manage all of the enterprise’s spend. Some departments have mandates to keep their group as-is, while others struggle to recruit additional resources with the right procurement experience.
As a result, supplier performance, contract and policy compliance, and spend leakage are nearly impossible to monitor thoroughly, let alone control. Executive management has little visibility into total spend, and costs continue to creep upwards.
You can alleviate this situation through Provade’s Managed Procurement Services, a comprehensive procurement solution that augments your internal procurement department and helps you manage more spend with the same resources. Our procurement solution combines an experienced team, integral best-practices, and leading-edge technology to manage a range of spend categories, including:
- Clerical and administrative
- Professional contractors and consultants
- Project-based services
- Management consulting
- Legal services
- Facilities
- Marketing
- Office supplies
- Furniture
- IT equipment and software
- Lab equipment
Provade Managed Procurement Services is powered by our Oracle-based Provade Category Spend Manager platform, which integrates natively with core Oracle and PeopleSoft ERP applications.
Strategic Focus
Let Provade handle transactional day-to-day tasks so that your team can focus on strategic matters that were previously put on the back burner. With our help, you’ll be able to increase your spend under management significantly.
Increased Contract Compliance
Stop paying more than your contracted pricing! We’ll ensures that you get the rates you worked so hard to negotiate.
Improved Policy Compliance
Have confidence that employees are following corporate policies and meeting statutory requirements. We ensure that procurement transactions from requisition to payment are completely auditable.
Better Supplier Performance
Our industry-leading supplier management practices ensure that you get the right goods and services for the best terms with the quality level you expect.
Complete Visibility
Our category solutions help you drive spend through managed channels, so you can see all of your spend management data in a single system.
Maximized Savings
Provade Managed Services generates measurable, hard savings to your bottom line. And that’s true spend management, what you’ve been after for years.
Learn about our Category Spend Manager platform or contact us to discuss your organization's managed procurement needs.
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