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Procurement Business Process as a Service (BPaaS)

Overview

Even in today’s modern world, procurement organizations suffer from the inefficiencies inherent to manual, paper-based processes, including the lack of visibility and control over the financial transactions and unavailability of timely information. These factors result in extremely high cost of processing of each transaction; while adversely affecting relationships with suppliers.



Key Industry Trends

Many organizations large, mid-sized and small are making great strides towards paperless environments. These aggressive technology adopters have learned that, in many cases, automation diminishes the procure-to-pay cycle times from weeks to just days and delivers rapid ROI.



Solution

The solution constitutes of Spend Management Solutions and Tech Mahindra’s Business Process and Technology consulting capabilities (Consulting, Enablement, and Execution services). This is guiding philosophy for Tech Mahindra to develop its Procurement Business Process as a Service (BPaaS).

Also, Supplier Community knowhow (supplier network, knowledge, and best practices) are delivered as a service on cloud.



Benefits

  • 8-14% immediate savings on every dollar sourced
  • 50% reduction in sourcing cycle times
  • 60% reduction in sourcing administration costs
  • 40% increased spend under management
  • 50% faster contracting cycles
  • 55% improved contract compliance


Tech Mahindra Advantage…

Tech Mahindra has 20+ years of experience in delivering procurement solutions with over 3500 Persons Years of Procurement Experience and delivering transformational services for more than 150+ organizations.

For procurement organizations we also bring in the capabilities of latest digital technologies such as RPA, Blockchain, AI-ML in the areas of key procurement functions.

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