Not only is this environment custom made for the workflow routings, product categories, and personal preferences of the purchasing organization, it includes spend management functions normally found in software systems costing one hundred thousand dollars
Atlanta, Georgia (PRWEB) November 30, 2011
CoreXpand, a veteran e-commerce company based in Atlanta, recently released the next generation of e-commerce solutions which promise to bring a much needed boost to the spend management efforts of educational institutions. This next wave of purchasing relief allows educational institutions to save time and money, while reducing risk, without the business limitations and complex red tape normally associated with cooperative purchasing groups.
According to CoreXpand, their new MarketPlaceCX solution solves the most common and daunting challenges faced by purchasing organizations who buy goods and services from multiple suppliers online. Upon analysis, the first benefit seems pretty obvious; consolidating all suppliers/vendors into one, user-friendly buying environment (think “Amazon” for the institutional buyer).
This supplier consolidation not only saves buyers an enormous amount of time and money, it also eliminates the mind boggling chaos associated with going to dozens of different supplier websites and ordering products in as many different ways.
Unlike other cooperative purchasing groups, this new breed of marketplace allows purchasing organizations to consolidate any suppliers they choose into a fully customized buying environment. This greatly contrasts the existing cooperative purchasing model, which limits purchases to suppliers approved by the governing body and forces buyers to conform to the purchasing processes within the cooperative environment.
Not only is this environment custom made for the workflow routings, product categories, and personal preferences of the purchasing organization, it includes spend management functions normally found in software systems costing one hundred thousand dollars or more.Robust tracking and reporting, data interface to other systems such as accounting, e-procurement, etc., and multiple payment options allow educational institutions to enjoy enterprise scale purchasing benefits without the budget crushing obstacle of price.
But there are other innovations that allow purchasing organizations to enjoy features that even the most expensive systems have yet to include, such as proprietary buyer controls that eliminate the need for third party supplier catalog audits, and guaranteed contract compliance.
Those wishing to investigate their options with this new wave of e-commerce can contact CoreXpand directly for what they promise is a “no hassle, no pressure, just answers” style conversation.