“OpusCapita eProcurement has been highly successful at Ramirent. Our users and our suppliers have found the system easy to use which has translated into increased spend under management.”
In under 3 years, Ramirent was able to increase spend under management by 400%!
The bad news is that e-procurement and source-to-pay are broad, complex processes and when you underestimate them, you run a significant risk of failure in your transformation efforts.
The good news is that the key to managing this risk is simple. Know what you are getting yourself into and make sure you don't ignore the complexity when it seems too difficult. Many organizations have gone for the low-hanging fruit, thinking a few quick wins will ensure future success. Unfortunately, this approach is full of flawed thinking and risk.
eProcurement from OpusCapita makes buying look easy - even when it's complex. Our modern tools will put you in control of your spend, including the complex categories like services or MRO (materials, repair, and operations). With a one-stop-shop tying together everything from supplier catalogs to EAM and Inventory Management systems, your Accounts Payable process will become highly automated with significantly lowered transactional costs.
Read moreWhat does the post-invoice economy mean for your organization and how can you prepare for it? What is required to be Cash Agile? How to be ready for the future of source-to-pay? These are the questions that should be top of mind for every c-level executive.
Most organizations fail to realize that spend on services is increasing. Is your new system built to manage this complexity or is service procurement a secondary consideration? Our white paper: Solving Services Procurement, will help make sure you understand your options for managing this complex spend category.
This classic mistake is understandable. AP automation is the low-hanging fruit, but don't be fooled. Starting your project with AP will only create headaches when you move to procurement. This recent blog from Rowan Lemley does well to summarize the reasons why you should avoid this risky start.
In order to help our customers understand where the industry was going, we partnered with Procurecon to produced a benchmark report on indirect procurement in Europe. Make sure you understand the bigger trends in order to invest in the right source-to-pay solution for your needs.
By understanding the big picture of source-to-pay, we can help you avoid the hard lessons and instead, find only positive opportunities as a result of your efforts. This short report highlights the best practices necessary for source-to-pay excellence.
We have worked with some of the biggest companies in the world and solved MRO. By leaving it out of your e-procurement transformation you are missing a huge opportunity for savings and creating a needless parallel process. Find out how companies like Maersk, Ramirent, and IBM have solved MRO with OpusCapita solutions.
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