San Antonio, TX (PRWEB) June 14, 2012
ReactorNet, a premier provider of SaaS-based eProcurement solutions for medium- to large-sized companies, today announced John Q. Hammons Hotels & Resorts (JQH) has successfully deployed the ReactorNet ePRO eprocurement platform to centralize purchasing activity across 78 hotel properties in 24 states. By implementing ReactorNet ePRO, JQH was able to immediately access real-time visibility into all procurement activity, gather business intelligence to analyze and measure spend, experience immediate cost savings from 8 to 19 percent across multiple departments/suppliers, and increase user adoption by 90 percent.
“The ReactorNet ePRO platform has allowed JQH to manage and control spending across a huge scope of properties, departments, purchasing categories, and suppliers,” said Anita Watts, co-founder and vice president of sales, ReactorNet. “JQH has been able to address their procurement challenges with a single solution and the expertise of the ReactorNet team—which is one of the primary reasons we were selected. Furthermore, the company is able to monitor and analyze what items are being purchased and then leverage those purchases to acquire more savings that definitely impacts the bottom line and gives JQH a significant market advantage.”
ReactorNet ePRO automatically aggregated JQH’s purchasing data into a centralized location establishing a documented process with set and defined universal policies and procedures to streamline and automate all purchasing activity. By having real-time visibility into purchasing activity of what’s being bought, by whom, and for how much gives JQH the intelligence and control to make better spending decisions.
The platform’s catalog management capability provides pre-set catalogs that include pre-approved suppliers and contract pricing, allowing JQH the flexibility to work with preferred suppliers while also offering a comprehensive list of spend categories that go beyond the non-catalog expanding core purchases and single categories. ReactorNet ePRO’s supplier co-management and punch out processing to supplier systems gives JQH control over the entire ordering process, while maintaining compliance with corporate procurement policies such as SOX.
To overcome the obstacle of a low user rate with its new procurement process, JQH incorporated ReactorNet ePRO’s structured guidelines and a working roadmap into the workflow to help define and control each user experience and responsibilities equally. Users are now able to contribute to the process, establishing ‘buy in’ so disruption is minimized, if not eliminated. JQH is operating close to 90 percent after just a single phase of training.
More detailed information of the JQH case study is available.
ReactorNet ePRO is an award-winning, SaaS-based eProcurement platform allowing buyers to directly collaborate with suppliers to gain control of spend management and maximize their purchasing power. ReactorNet ePRO automates traditional procurement processes to help buyers and suppliers in the automotive, entertainment, hospitality, and restaurant industries dramatically reduce maverick spend, enhance spend visibility, increase purchasing control, enforce security and compliance, and improve cost savings. Buyers are able to make faster, more accurate decisions and reduce procurement costs by 20% of total spend within the first year.
For more information on ReactorNet ePRO can be found here.
ReactorNet is a premier provider of SaaS-based, eProcurement solutions for medium- to large-sized companies across industries including automotive, entertainment, hospitality, and restaurants. ReactorNet powers Cinema Solutions and ePRO collaborative platforms, integrating buyers’ and suppliers’ purchasing responsibilities into a centralized location—removing procurement barriers to reduce operational costs by improving accountability, increasing spend visibility, and maximizing buying power. ReactorNet is a recipient of ThinkStrategies’ Best of SaaS Showplace Award.
Founded in 2000, ReactorNet is a privately held company headquartered in San Antonio, Texas. Clients include AMC Theatres, Cinemark Theatres, John Q. Hammons Hotels & Resorts, Vistar (a division of Performance Food Group) and Philips/LTI. For more information, please visit http://www.reactornet.com.