Procurement as a Service

Valenta > Consulting > Procurement as a Service

Procurement as a Service

Overview

Procurement as a Service (PaaS) is designed to help small and midsize businesses access procurement capabilities quickly, without increased overhead or capital investment. The following diagram illustrates the various verticals that can be covered under Procurement as a Service program.

Functions Included Procurement Service
spend-management

Spend Assessment

A spend assessment is a process used by businesses, including procurement service companies, to analyze and evaluate their spending patterns, expenses, and financial activities. 

spend-management

Spend Management

PaaS offers visibility into organizational spend, enabling more effective cost control and decision making. This includes detailed tracking and analytics of all procurement-related expenses.

Strategic Sourcing

PaaS providers leverage their expertise and market knowledge to identify and vet potential suppliers, ensuring the best fit for the company’s needs. This also involves strategic negotiation to secure.

contracts-img

Contracts

PaaS helps manage contract lifecycle from negotiation to renewal, ensuring terms are favorable and adhered to by all parties. It also includes risk assessment to avoid contractual pitfalls and compliance issues.

supplied-management-img

Supplier Management

Supplier relationship management is a key part of PaaS, involving regular communication, performance assessment, and issue resolution. This helps ensure supplier reliability and continual improvement of product/service quality.

Purchasing

PaaS streamlines the purchasing process, reducing time and effort while ensuring that purchases align with company policies and budgets. It may also involve leveraging technology for automated purchase order creation and tracking.

accounts-img

Accounts Payable

Accounts payable (AP) service is responsible for managing the company’s short-term financial obligations to its suppliers and vendors. The primary role of the accounts payable team is to ensure that the company pays its bills.

Procurement Automation

Procurement automation refers to the use of technology and software to streamline and optimize the various processes involved in procuring goods and services for an organization. This includes everything from identifying.

Fractional CPO

A Fractional Head of Procurement, also known as a Fractional Chief Procurement Officer , is a specialized consultant or executive who provides part-time or temporary leadership and strategic guidance to an organization’s.

What are the value drivers and benefits of PaaS?

Staff-augmentation

Expertise

  • Strategic Advisory
  • Tactical Execution
predictable-expense

Savings

  • Reduce Cost
  • Optimize Spend
operations, comprehensive services, INCREMENTAL STRATEGY

Efficiency

  • Optimize Processes
  • Resource Allocation
Digital-Transformation

Technology

  • Leverage Automation
  • Data Insights
audits, learn and grow

Compliance

  • Operational Controls
  • Audit Proof
Growth

Scalability

  • Global Footprint
  • Flexible Model

The Valenta Way Process

  • Pre-Contract:Our engagement starts with a risk free initial assessment to identify the business opportunity. From there, we will build a customized proposal for your review and approval. Once approved, we move to the contract stage.
  • Post-Contract:After agreement signature, we will perform an in-depth assessment and goal setting followed by a roadmap, and an execution plan. We will provide ongoing reporting and visibility throughout our engagement.
  • Team Structure:Every Valenta engagement includes business leaders with expertise in procurement, process excellence, and technology. The team supporting our clients will also include a Valenta Managing Partner located in a city near you. In addition to local, regional, and onshore experts, Valenta will also include offshore resources to keep costs down and provide the best value solution to clients.

Valenta Expertise

We have expertise in many Procurement, ERP, and Financial platforms, for example:

coupa
procurify
acumatica
oracle-netsuite
SAPHANA
quickbook-desktop-pro
quickbook-online
plex
hubspot
FRESH_BOOKS
salesforce
zoho-one
oracle-jd-edwards
xero
MYOB_ESS

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