Procurement Optimization in the Cloud
Creating a solution as complete and high-value as Vinimaya Smart Marketplace Technology™ did not happen overnight. Vinimaya has a history of exciting innovations focused in this market, as evidenced by our patent portfolio, both issued and pending. There are others in the market with less focus and lower-value offerings. Vinimaya SMT™ is the only solution that truly offers Procurement Optimization in the Cloud.
What is Procurement Optimization in the Cloud?
Do you remember the ROI models that were used to sell your original e-Procurement system? Much of the value calculation hinged on capturing both end-users and suppliers in the system. The reality of current e-Procurement landscape is that the user experience is cumbersome and time-consuming and supplier data management approaches are all over the map (local content, punch-outs, supplier networks) which creates ongoing challenges for Procurement and IT resources.
For B2B catalogs to work, your highest volume suppliers need to be fully onboard. The two most common methods used today for B2B catalogs are complicated, resource intensive, and costly to support. As a result, maverick spending increases and spend under management goals are not met.
In response, we created Vinimaya Smart Marketplace Technology™, Procurement Optimization in the Cloud -- a private, virtual shopping environment that provides Fortune 1000 companies with:
- A familiar, B2C-like online shopping experience that end users enjoy
- End-to-end management of supplier connectivity, regardless of standard (punch-out, OCI roundtrip, etc.)
- Rich, dynamic, web-based shopping environment offering only approved supplier content
- "Touch-less" local catalog management tools
- A completely portable asset that can plug into any ERP or stand-alone e-Procurement solution
Vinimaya SMT™ makes it much faster and easier to incorporate the entire supplier base into your organization’s e-Procurement process, technically maintaining all connections, and providing cost-effective tools and services to manage the (much reduced) remaining local content.
Unlike your current purchasing environment, Vinimaya SMT™ is accessible from within the controls and workflow of your company’s e-Procurement system, and is provided without the delays, technical challenges, and costs of managing numerous locally hosted supplier catalogs or individual website punch-outs.
Delivered using the Software-as-a-Service (SaaS) approach, Vinimaya SMT ™ is easy to add to your existing e-Procurement system and highly cost-effective as compared to traditional approaches.
The Result
Using Vinimaya SMT™ to help your company optimize Procurement in the cloud …
- Increases system use (more transactions = more savings)
- Decreases operating costs
- Leverages your existing solution investments
- Provides more flexibility
- Delivers a rapid time to value
