Ketera enables large enterprises to analyze their spend and use the insights to streamline and automate their sourcing, contract management and procurement processes, leading to significant cost savings. Select your role below to see how Ketera meets your specific requirements.
You want to ensure that your team implements a repeatable and sustainable process to identify and execute specific cost reduction opportunities to meet your annual targets for reducing procurement spend. You also want to ensure that your organization can implement specific internal controls in the procurement process that consistently work.
Ketera enables you to achieve both these objectives.
When you look at expanding your business, making new connections and bringing in new opportunities can be challenging. Identifying companies in search of new suppliers and matching the myriad of criteria makes it even more difficult. But when you join the Ketera Network you immediately get access to all the 100,000 buyers and the available RFI, RFP, and RFQs in the public domain within the network. You can also publish your company profile and highlight your products. All for free. Once you become a subscribing member, by agreeing to the minimal yearly fee, you can also respond to all the relevant RFQs and RFPs in the system and contact potential buyers directly to build your business and increase revenues. Growing your business has never been more affordable, because you're reaching so many active buyers so quickly with a minimal investment.
You want a clear and sustainable process to identify specific initiatives that reduce procurement costs. You want to ensure control over the spending process, so that any spending request is approved by managers before purchase orders go out and products are purchased at the best prices from approved suppliers so there are no surprises. You also want your company to try new sourcing methods such as reverse auctions to reduce the costs of raw materials. You want to ensure that your organization can implement specific internal controls in the procurement process that consistently work. Finally, you want to automate the invoice reconciliation process, so your team is more efficient.
And, you want a way to streamline the management of contracts , so any authorized person can access them easily and their renewals don't slip through the cracks.
You want to ensure the system has a low cost of ownership and fits within your IT budget. Ketera meets all the requirements in a very cost effective manner to provide you significant savings.
You want to perform a detailed analysis of your spend, so you can use that information to identify specific cost reduction opportunities through:
- Rationalizing your supply base
- Reducing maverick spending
- Compliance with pricing in the contract
- Ensuring people are buying approved products through approved suppliers
You also want to streamline your sourcing process to reduce the cost of materials and execute sourcing decisions faster and with fewer errors. You want to implement an eProcurement system to ensure better control and visibility into your purchasing process that is sustainable over time. You also want to annually increase the amount of spend under control of eProcurement system by cost-effectively bringing more (and smaller) suppliers online . Finally, you want to ensure that the system is easy to use (like online retail shopping sites), so that current and new employees can easily use it without much onboarding requirements.
Procurement executives are increasingly choosing Ketera to meet these requirements
You want to ensure that any Spend Management solution integrates with your corporate backbone and complies with your security policies. You want to also ensure that if you have to deploy any additional software for integration, then it meets your internal architecture and technology standards. Deployment and upgrades should not consume already constrained IT resources. Finally, the system must fit within your budgets.
Ketera's cost-effective on demand system meets all these requirements.