Mechanicsburg, PA (PRWEB) October 19, 2011
Implementation of the Puridiom Enterprise Procurement solution results in dramatic savings for Blue Cross Blue Shield of Rhode Island. Rhode Island’s leading health insurer transformed its purchasing, vendor management, and accounts payable functions through the implementation of the Puridiom Procure-to-Pay solution.
In a newly published case study, Blue Cross Blue Shield of Rhode Island reveals how they improved processes to increase spend under management and become a best-in-class strategic sourcing and vendor management organization. They began by implementing a plan to centralize the procurement function and create a performance based culture within the organization. The Puridiom Procure-to-Pay solution was selected as the technology to deliver the results. Puridiom was chosen on its cost-to-value ratio, high ratings on end-to-end capabilities, and willingness to collaborate as a partner throughout implementation and into the future.
“With Puridiom we have increased the amount of online interaction with suppliers and continued to reduce our manual, paper based transaction costs, as well as take advantage of payment term rebates, said Dan Warn, Chief Procurement Officer for BCBSRI. “With the spend visibility Puridiom provides, we also can now better target who are key strategic suppliers, and place them in our Key Supplier Program, which also drives cost improvement year after year.”
Overall results of the Puridiom implementation are improved performance, increased budget compliance, enforced process compliance, reduced maverick spending, increased spend under management and visibility, and the ability to place focused resources on high value and strategic activities.
Puridiom continues to work with Blue Cross Blue Shield of Rhode Island to help them employ best practices to increase bottom line savings, maximize the impact and efficiency of their strategic sourcing efforts, and continue to improve communications with suppliers for best value strategic sourcing and vendor management. Follow this link to read the entire case study.
Puridiom is the most comprehensive Procure-to-Pay solution provider to offer Cloud and Licensed platforms for organizations of all sizes and industries. For over 28 years, Puridiom has streamlined function in the supply chain with innovative technologies, providing dynamic personalized services and extensive domain experience. The easy-to-use software and team strategies enable organizations to gain a competitive position and transform business into a strategic resource savings solution. Solutions include: Enterprise Procure-to-Pay, Puridom Xpress, Strategic Sourcing, Catalog Content Management, Supplier Enablement, Invoice Automation, AP Outsourcing, and Travel Management. E-Procurement consulting services are also provided.
About Blue Cross Blue Shield of Rhode Island
Blue Cross & Blue Shield of Rhode Island is the state’s leading health insurer and covers more than 600,000 members. The company is an independent licensee of the Blue Cross and Blue Shield Association. For more information, visit the BCBSRI website and follow us on Twitter @BCBSRI.
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