Total control of acquisitions in your company.
Starting in the 1980´s companies starting to focus on continuous improvement strategies, but it was until the late 90´s when companies started to focus on Procurement Optimization methodologies and improve their full strategic spend properly.
One of our branch is Promena who specializes in Procurement Management, big data, advanced analytics, artificial intelligence (AI), automation, and have it´s own digital platform "promena". Throughout outsourcing your tail spend with Promena companies may improve operational processes and even eliminate some tail expenditures entirely. Effectively managing the tail spend remains both a great challenge and opportunity for many procurement departments. Improved process efficiency and better allocation of time and resources for tail spend can result in significant cost savings.
Tail spend is generally defined as the amount of money that an organization spends on purchases that make up approximately 80% of transactions but only 20% of total spend volume.
Monitor, Analyze, Visualize and Improve the entire tail-spend purchase cycle, from Sourcing up to the Payment process with Promena. Bring your tail-spend purchasing activities to the cloud through our web-based strategic sourcing platform; control or manage the outsourced process of tail-spend purchases now from any device and wherever you are.
Increasing pressure on cost reduction and sustained savings through purchasing is making organizations sit up and take notice of their tail spend and its optimization.
Promena Procurement Software is flexible, internet-based, highly secure using Microsoft Azure, and adapts to any business from micro-businesses to large transnational corporations. Promena offers the use of smart templates and forms, e-shopping and enhances the e-purcasing experience which guarantees that the obtained purchase-prices and negotiated terms are the most convenient for the organization.
Promena allows you to configure approval workflows designed to control expenses and reduce costs.
Promena offers automated reporting and analysis tools that allow you to quickly evaluate vendor offerings based on predetermined factors such as price, quality, and total cost of ownership, allowing you to automatically identify the best supplier based on your defined business requirements. Negotiated savings are realized quickly during the purchase cycle.
Promena USA supports Industry 4.0 and has the most up-to-date purchasing technologies of our time strengthening e-KPIS, e-Sourcing, e-Procurement and the e-Auction Process.
Promena has the largest and most active B2B network globally, connecting suppliers and buyers through digital transactions across many expense categories.
Promena allows to keep the entire procurement process simple, eliminating any obstacles and helping the purchasing professional to complete tasks much faster and easier.
The end result is savings in labor and costs with a new standard of work in the Supply Chain.
Access Promena eSourcing, eProcurement or eAuctions wherever you are. The flexibility to access Promena from anywhere in the world and from any mobile device promotes an efficient cycle in the process of evaluating offers and making value-added purchases.
Promena may be used over the Internet on a PC, tablet or any mobile device.
Promena simplifies the procure-to-pay cycle by reducing common delays that affect procurement during the bid-request, offer analysis and approval process.
Promena strengthens the visibility of the detection of expenses that should not be authorized due to the lack of an adequate evaluation and selection process.
Promena strengthens data intelligence in areas such as daily purchasing performance, contract management, and price negotiations.
It allows you to evaluate and monitor the performance of your suppliers, improving short, medium and long term supplier relationships in a much more efficient and faster way.
Strengthen your Reports and Analyze all procurement activities within the Promena platform on a single screen.
Strengthen a competitive, transparent and fair environment through Promena's six e-Auction methods and avoid over-pricing.
Manage your RFI, RFQ and RFP of Raw Materials or MRO Services, on a daily basis in our integrated system in a web-based environment.
Collect up-to-date information about your suppliers and determine their risks and areas for improvement in your supply chain.
Estandarice plantillas electrónicas fortaleciendo la automatización de procesos y reducción de tiempos de ciclo de abastecimiento.
Improve your approval process, reduce workload and save processing times in your procure-to-pay cycle.
We also offer the service for TailSpend Purchasing Administration and recruitment of your Supply Chain Personnel
Why Outsource TailSpend? Contact us
