Puridiom and e-Procurement: The Next Level in Procurement Performance

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E-Procurement continues to advance supply management to the “next level” of procurement performance, according to AberdeenGroup’s latest E-Procurement Benchmark Report. The research, sponsored in part by leading e-Procurement provider Puridiom, details the goals, strategies, and performance of over 400 enterprises, relaying the constant pressure placed on the shoulders of procurement professionals to deliver value to the enterprises while driving innovation, improving overall purchasing strategies, and avoiding obstacles caused by globalization.

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Here at Puridiom we have a close working relationship with our clients, to develop strategies for collaboration, standardization, and performance tracking, which is essential to a successful e-procurement implementation

E-Procurement continues to advance supply management to the “next level” of procurement performance, according to AberdeenGroup’s latest E-Procurement Benchmark Report. The research, sponsored in part by leading e-Procurement provider Puridiom, details the goals, strategies, and performance of over 400 enterprises, relaying the constant pressure placed on the shoulders of procurement professionals to deliver value to the enterprises while driving innovation, improving overall purchasing strategies, and avoiding obstacles caused by globalization.

Enterprises with implemented e-procurement solutions have experienced:

  •     Reduced requisition-to-order cycle cost and time by 49% and 65% respectively, on average,
  •     Steady increase in spend under management,
  •     Significant year-over-year performance improvement,
  •     Reduced maverick spend and transaction costs,
  •     Improved end-user adoption rates.

“We have seen a significant increase in the number of organizations implementing e-procurement solutions,” said Albert Jacobs, Vice President, Puridiom. “Not only are they implementing and using the basic components of an e-procurement solution, but they are now leveraging the solutions to automate other facets of the supply management cycle. Additionally, these organizations are bringing more spend under management to realize more cost savings, such as Supplier Enablement and AP Automation.”

Although e-procurement technology is key to procurement success, well thought-out strategies and management techniques go hand-in-hand with any e-procurement initiative, as confirmed by the report. “Here at Puridiom we have a close working relationship with our clients, to develop strategies for collaboration, standardization, and performance tracking, which is essential to a successful e-procurement implementation,” states Jacobs. This sentiment is reiterated by Aberdeen concluding that e-procurement technology is a balance of technology integration, automated tools, and Best-in-Class strategies to increase overall procurement performance.

To learn more about the performance of E-Procurement technology, click here to receive a free copy of the 2008 E-Procurement Benchmark Report, Driving Year-over-Year Performance.

About Puridiom

Puridiom, a leading provider of cutting edge e-Procurement, e-Sourcing, and e-Payables solutions and services, addresses pain points in the supply chain through the application of innovative technologies and processes. For 25 years, organizations of all sizes within the private and public sectors around the world have relied on Puridiom’s expertise and leadership to leverage their investment in technology, guiding them into a more competitive position in today’s global digital economy. By implementing Puridiom, you will control your key spend indicators and fully manage your SCM processes and relationships transforming your procurement activity into a Resource Savings Solution. To learn more, email info(at)puridiom.com, or visit us at http://www.puridiom.com.

About AberdeenGroup, Inc.

Aberdeen provides fact-based research and insights focused on the global, technology-driven value chain. Aberdeen’s benchmarking, market and solution assessments, sales acceleration programs, and conferences support Global 5000 value chain and technology executives--and the solution providers who serve them. For more information, visit http://www.aberdeen.com or call 617-723-7890.

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Cynthia Cornman
Puridiom
(717) 691-5691 X121
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Anita Zook
Puridiom
(717) 691-5691 X117
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