Vinimaya Smart Marketplace Technology™ helps Fortune 1000 companies create a private, virtual online shopping environment that employees actually want to use!  Let us help you achieve Procurement Optimization in the Cloud.

The Problem

Many organizations are finding it more difficult than they expected to gain a high level of employee adoption of their e-Procurement system, and therefore a high level of “spend under management.” The challenge is that employees simply won’t use the system if they can’t quickly and easily find what they need. In their personal lives, employees have become accustomed to searching the internet, finding various options, comparing products and prices, and making their selection with a click of the mouse. Most e-Procurement systems do not provide such a shopping experience.

In addition to the fact that e-Procurement systems don’t provide the intuitive search capabilities people have come to expect, companies struggle to incorporate their full range of suppliers within the system because of the time, effort, and resources it takes to maintain supplier catalogs or enable punch-out access to supplier websites. The result is that the cost of support for the e-Procurement system is higher than anticipated while the results are lower than projected.

Most companies face five (5) specific, related problems that inhibit their ability to successfully deploy their e-Procurement system and generate a return on investment (ROI). They are:

• LIMITED USER ADOPTION, caused by
• COMPLEX AND INCONSISTENT USER INTERFACES, exacerbated by
• MISSING CATALOGS (OR SKUs), a problem whose resolution is inhibited by
• LACK OF SUPPLER CAPABILITY AND/OR COOPERATION, which in turn
• INHIBITS TRANSACTION VOLUME through the e-Procurement system!

The Solution

What is needed is a way to easily extend a company’s existing e-Procurement system(s) to deliver a shopping experience that drives significantly increased employee adoption, while maintaining all established purchase controls, and at the same time reducing the cost of supplier enablement and content management.

Vinimaya Smart Marketplace Technology™ is comprised of the following solutions and services: 

SmartSearch™

Patented, cross-catalog (local or punch-out) federated search capability that functions with any back-end ERP or stand-alone e-Procurement system. 

SmartTransport™

A pipeline between the Suppliers and the Buyer’s ERP or e-Procurement system that transports PO’s and invoices (vs. using email or a full e-Invoicing solution). 

SmartRank Analytics™

Robust and flexible reporting tool that allows buyers to analyze content within the SmartSearch™ database.

SmartAudit™

Technology that gives Buyers the ability to cross-check the rates Suppliers post on their punch-out site to ensure that they are consistent with contracted prices. 

SmartCatalog™

Vinimaya provides the technology and services to manage your organization’s local catalogs.

SmartAgent™

Patented technology, SmartAgents™ crawl Suppliers' punch-out sites and bring that data back into Vinimaya SMT™. 

SmartSupplier™

Fast, easy, and affordable technology and services that can make any Supplier punch-out ready within 2 business days.