Your procurement organization likely has a host of processes or workflows that it’s involved with. From those within strategic sourcing, to category management, supplier management, contracting, supplier management, and others. These processes can be challenging to handle via just email. Not to mention that email intrusion is also one of the leading cyber security threats to confidential data and information.
Using an outdated system for the procurement management process can slow you down, leading to loss of efficiency, and ultimately, unhappy customers. No system at all can lead you to relying solely on email. From a risk management perspective, email intrusion is one of the leading cyber security threats to maintaining confidential and proprietary data.
Highlighted below are five common questions and areas we see procurement most frequently by leveraging workflows on:
Specifications – What items or actions do you require for the project?
Selections – How are decisions made? Can that process be digitized?
Contracting – Is there opportunity to automate your process and approvals?
Control – How is procurement able to keep control of processes and policies in place across the organization?
Measurement – How do you assess the effectiveness of the process and ensure correct documents are routed appropriately?
Workflow solutions for & by practitioners like you
Capabilities Snapshot:
Ensure approvals and workflow align with finance, legal, and accounting protocol
Communicate with other systems and functions seamlessly
Route workflows to specific functions and roles based on configured permissions
Include supplier registration, acceptance and ongoing management workflows
Leverage workflows within eSourcing or RFP, RFI, RFx, processes to more efficiently sign-off on key steps (e.g. requirements, baselining, etc.).
Enable contract compliance and insights monitoring via integrated reports and dashboards to show where approvals are bottlenecked
Seamless transition to other EC Sourcing Group solutions or leverage our open API to integrate with your existing financial, procurement, and supply chain tools.
Our teams have experience in the RFP trenches and partner with sourcing leaders to accelerate the impact of digital & procurement transformation initiatives – all while improving results and supplier performance
EC Workflow is our procurement process and project management module. This module provides an opportunity to rapidly digitize and automate current processes via a central location that all stakeholders can access. How many emails or calls do you receive asking for an update on this RFP or that contract, or when will that supplier be onboarded?
Our solutions comply with industry best practices in terms of data security, regulatory compliance, and SaaS-specific deployments for Global Supply Chain, Sourcing, Procurement, Purchasing, and Finance professionals across virtually all industry segments.
Experience dynamic technology that helps put an end to…
Impossible–to–find project data you’ve used previously
Internal audits that are painful because of lack of documentation
High costs due to data integrity & integration challenges
Stakeholder & supplier frustration with the tools or process
Would digitizing and automating your current process be helpful?
EC Workflow is very flexible, so adding new steps or new approvals can be completed in under an hour by an admin user. This includes procurement intake, routing contracts for approval, performing pre-RFP tasks or approvals, post-RFP (or pre-contract) approvals and just about anything else that occurs in your procurement management process today.
"We monitor the market and evaluate other options on a regular basis but we still have not found a product that is this easy to use ‐ so we stay!"
CLIENT TITLE
INDUSTRY
RELATIONSHIP
PROCUREMENT LEADER
MANUFACTURING & DISTRIBUTION
CLIENT PARTNER
CLIENT TITLE
PROCUREMENT LEADER
INDUSTRY
MANUFACTURING & DISTRIBUTION
PROCUREMENT LEADER
CLIENT PARTNER
"I have been in wireless for 12 years and this is the best RFI/RFP process that I have experienced, streamlined, concise, and easy to understand."
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INDUSTRY
RELATIONSHIP
VICE PRESIDENT, SALES
TELECOM
GLOBAL SUPPLIER
CLIENT TITLE
VICE PRESIDENT, SALES
INDUSTRY
TELECOM
PROCUREMENT LEADER
GLOBAL SUPPLIER
"They understand what you need and how you want to receive it because they've lived in your world."
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INDUSTRY
RELATIONSHIP
SENIOR ANALYST
SPECIALIZED CONSULTING FIRM
CLIENT
CLIENT TITLE
SENIOR ANALYST
INDUSTRY
SPECIALIZED CONSULTING FIRM
PROCUREMENT LEADER
CLIENT
"Your software is great! I have been involved in many of these (e-sourcing negotiations) and in fact just finished one last week for a Fortune 20 Healthcare Company. Your software is much less complicated and more user-friendly than any of the other ones I have used."
CLIENT TITLE
INDUSTRY
RELATIONSHIP
SALES EXECUTIVE
MANUFACTURING & DISTRIBUTION
SUPPLIER
CLIENT TITLE
SALES EXECUTIVE
INDUSTRY
MANUFACTURING & DISTRIBUTION
PROCUREMENT LEADER
SUPPLIER
PROCUREMENT PERFORMANCE DASHBOARD & DECISION SUPPORT CENTER
Measure KPIs and Expand Influence with EC Insights
Do you have the necessary insights at your fingertips to adequately measure and improve upon the effectiveness of your procurement organization? How do you track your team’s activities and their ROI? Do you have a central location to gain insights from spend data, sourcing project data, contract data, or supplier data? Do you have a good handle on current spend under management with a plan in place to expand it?
EC Insights provides customized dashboards and reporting to track key insights, activities, milestones, results, benchmarks, and operational metrics.
LOOKING TO MEASURE PERFORMANCE DIFFERENTLY? EC INSIGHTS BRINGS ACTIONABLE DECISION SUPPORT DATA CONFIGURED FOR YOUR NEEDS AND ONGOING SUCCESS
EC Sourcing Group’s configurable solutions are flexible and currently serve many procurement operations leaders across industry. Retailers, food companies, healthcare organizations, education organizations, manufacturers, financial & investment companies, technology organizations, and select government contractors leverage our solutions for their needs.
WANT TO TRANSFORM BAD DATA TO INSIGHTS AND ACTION? SEE HOW EC SPEND CAN HELP THIS HAPPEN SOON
As with all of our solutions, Insights is compatible with any of our modules as well as your existing ERP, CRM, expense management, vendor management, eProcurement, transportation management, or other financial & supply chain applications which it can connect with via open API.
Digital-related transformation projects have marched up the priority list with a marked increase in departments looking to leverage advancements in technology to accelerate value.