Keeping it simple and streamlined
Though the company is a mature user of eProcurement solutions and automation, the journey of digital transformation for procurement is not over yet. Ease of use – and the benefits that come with it – are top of mind as the company takes on its next procurement challenge towards a wholly paperless purchase process and greater speed at the tail end of supply chain leads.
“It’s the total value that counts, rather than cost alone.”
This is where online payment solutions and virtual cards could bring more leverage and commercial advantage, potentially through partnerships with Amazon Business and Barclaycard Precisionpay.
The advantages, Gerard says, will be to further reduce complexity, and give buyers more choice and advice on the buying options available – especially when there is no structured supply base already in place – while still providing the business with the financial controls it needs.
On top of that it will reduce the level of administration around payables. “We don’t want to spend an inordinate amount of time setting up a supplier on the system. That’s where it’s much easier for us to pay through a card and that’s where the tie with Barclaycard will come in,” he adds.
The bigger picture is what counts
This is a key consideration when making decisions on which technologies to implement. It’s the total value that counts, rather than cost alone. Gerard explains “We look at ease of use, quality, reliability, sustainability, commercial attractiveness, value for money proposition and so on. I know they are easy words, but we take decisions on the total experience and cost of ownership rather than any single individual element. To be a long-term solution that’s going to stand the test of time, it has to tick all the boxes.”