Procurement as a Service (PraaS)

Procurement as a Service (PraaS)

Turnkey procurement solutions including RFP management, negotiation, contract lifecycle, and a dedicated mobile app.

Discovery Phase Highlights

Spend Analysis & Opportunity ID

Analyzing current spend to identify key savings opportunities.

Process Mapping & Optimization

Defining streamlined procurement workflows and policies.

Stakeholder Alignment

Ensuring buy-in and collaboration across departments.

Core PraaS Offerings

  • RFP & RFQ Management
  • Supplier Negotiation & Onboarding
  • Mobile Procurement App Access

Service Timeline

  • Onboarding & Setup: 2-4 weeks
  • Initial Sourcing Cycles: 4-8 weeks
  • Ongoing Management & Optimization: Continuous

Moonshot Targets

Moonshot Targets represent ambitious, transformative goals that go beyond incremental improvements. Achieving these targets signifies a fundamental shift or breakthrough in performance, capability, or market position related to this use case.

15%

Average Cost Savings Achieved

50%

Reduction in Procurement Cycle Time

90%

Spend Under Management Visibility

Integration Points

Financial Systems

  • • ERP / Accounting Software (QuickBooks, SAP, Oracle)
  • • Accounts Payable (AP) Automation
  • • Budgeting & Forecasting Tools

Operational Systems

  • • Contract Management Systems (if separate)
  • • Supplier Information Management (SIM)
  • • Inventory Management
  • • Project Management Tools