Managing the procurement life cycle is one of the most complex challenges many large organizations face. Both public and private sector organizations alike are faced with balancing demand with costs, efficiency, and rules of engagement.
Engage's Accelerate for Procurement solution is a rapid install of several Oracle Procurement and Oracle Financials modules along with implementing best practice procurement business processes to maximize your organization’s procurement capabilities.
|Procurement Pain Points|
|No Visibility||Non Compliance|
|No Standardization||Hidden Costs|
|Bad Practices||Policy Enforcement|
The obstacles to building a strong Procurement capability are multifaceted. From our extensive experience working with procurement organizations we’ve developed a quick checklist to consider when evaluating the health of your procurement function.
- Are all controls in place?
- Full visibility of your spend?
- Full compliance of policies and procedures?
- Framework agreements & contracts in place and utilized?
- Are all your suppliers enabled for self-service?
- Can you spot savings opportunities and take quick action?
- Can you monitor and manage supplier performance?
- Full accountability of spend from off-Purchase Order (PO) & contract?
- Optimized FTE time and money used looking for information?
- Full life cycle reporting needs covered?
- Can you pass an audit?
If you answered ‘No’ to any of these questions, then there may be more efficiencies, cost savings, and productivity to be gained with your procurement function.
Engage's Accelerate for Procurement solution can help you address all the elements of the checklist and much more.
|Reduce spending on goods and services||
|Streamline Procure-to-Pay Processes||
|Enforce policy compliance||