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At ISS Group we recognized the need for Business Process Improvement (BPI) solutions over two decades ago, and today, ISS Group ‘specializes‘ in delivering to the QAD EA community Agile BPI solutions.
Over the past few months you may have seen our posts on LinkedIn or performed a search on Google (see below), as we’ve been highlighting how ‘Maverick Spend’; a loophole in most organizations procurement process can have a major impact on your bottom line, and how our iPurchase solution can help ‘close the gap’.
Research forms like The Gartner Group have stated:
‘Maverick Spend’, or uncontrolled spend often falls below the radar of enterprise procurement policies because the transactions that constitute it are relatively small. Yet, cumulatively, these maverick transactions form a substantial sum.”
“For the average company, a 5% savings on Indirect (tail) spend can be the equivalent of a 10% increase in profit. Eliminating Maverick spend; or ‘uncontrolled buying’, by automating indirect spend processes can result in significant cost reduction.”
Research suggests that this type of spending can increase purchasing costs by almost 40% when compared with all purchasing that is conducted through the procurement department.
We can help…!
ISS delivers Agile BPI solutions, which digitize business processes that connect people and processes via the cloud, mobile devices, and social networks, for Mid-market and Divisions of Fortune 1000 Manufacturing and Distribution organizations.
Procurement is just one area of an organizations’ business processes’ that we’re committed to improving and we have the skills, solutions and implementations to back it up. In our next series we will focus on Sales Quote generation and how our iQuote solution seamlessly integrated with QAD EA can help with Global Process Standardization, Reduced Process Cycle Times/Costs, Improved Process Visibility/Tracking… and much more…!
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Did you miss a few of our articles in 2015? Catch-up by clicking here to review our previous blog posts…!