E-SOURCING IN THE CONSTRUCTION AND REAL ESTATE SECTOR

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1 CONNEKTHUB E-SOURCING FOR CONSTRUCTION AND REAL ESTATE INDUSTRY E-SOURCING IN THE CONSTRUCTION AND REAL ESTATE SECTOR ConnektHub A best in class Sourcing solution

2 STREAMLINE THE COMPLEX SUPPLY AND PROCUREMENT NEEDS OF THE REAL ESTATE/CONSTRUCTION SECTOR Today s increasingly turbulent global and competitive business environment is fueling the need for a new, more efficient and more effective exchange of information, ideas and processes across enterprises. Technology is playing an increasingly prominent role in the world of vendor/supplier sourcing and procurement management. These trends are driving infrastructure/construction companies of all sizes to seek new methods of encouraging collaboration beyond the four walls of their traditional workplace. Challenges in the Infrastructure/Real estate sector Decreased information flow among manufacturers, suppliers and business partners Reduction in cost Managing Bill of Quantities (BOQs) Compliance issues and corporate governance Vendor Identification & Screening Procurement cycle time Adherence to guidelines set by government and controlling bodies ConnektHub E-Sourcing Advantages ConnektHub solution is an online web based portal that automates, transforms and optimize the sourcing and procurement processes of real estate industry. Our ConnektHub value chain consist of E- Requisitioning, e- Tendering, e-auctioning, Vendor Management, Contract Management, Order Management and Spend Analysis that helps reduce cost, gain more visibility into and control over operations, and protects against the risk of non-compliance with policies and regulations. As procurement s strategic importance rises, those adopting an electronic paperless platform will be able to execute effectively in a timely manner, reduce cycle time in process implementation and drive category savings to the bottom line because of improved overall spend management capabilities. 1

3 CONNEKTHUB SOURCING DRIVES END-TO-END PROCESS COLLABORATION ACROSS THE ENTIRE VALUE CHAIN Purchase Requisition in ConnektHub Workflows: Customized workflows with validations and rules available. Requisition routed and approved by appropriate person with the relevant authority Notification and Escalations: Every user involved in the requisition process gets alerts, push notifications and SMS at different stages of the process Shopping Cart: Browse through the catalogs of the suppliers and directly source Punch-out: ConnektHub allow customers to punch-out from external catalogs and create Purchase Orders Integration: Standard integration packages for order management interfaces with systems such as SAP or other ERP Attachments: Documents can be attached in notification for reference of supplier and customer Validations: Invoice and other validation can be formulated. Reporting: Real time data reports available. 2

4 RFx creation and Quotation Evaluation in ConnektHub Create RFI/RFP/RFQ/RFT easily with intuitive user interface: Step 1 Step 3 Reach across a large no. of suppliers on ConnektHub Global Network or your empaneled suppliers Choose your target group based on product categories Workflow based approval Process leading to transparency and efficiency Multi parameter based quotation analysis criteria leading to optimal decisions hence saving cost Comprehensive comparison and analysis window to manage the quotation evaluation Procurement Professional Internal Collaboration notifications, SMS alerts and push notifications at each step of the workflow process. LIVE AUCTION IN CONNEKTHUB (REVERSE AND FORWARD AUCTION Auction in ConnektHub is a real time online auction to simulate the experience of an actual auction by utilizing technology to provide instantly-updated information on all auction activity. Both purchasers and bidders can monitor the auctions and the corresponding bidding activity in real time Purchaser has the right to make the live auction open or close. Purchasers has various manual options in the ConnektHub live auction interface such as starting auction, pausing auction, resuming auction, extending auction and ending auction By default, the purchaser is provided with a full range of bid management tools including activities like Deleting bids, Blocking or reinstating bidders and Surrogate bidding Purchasers can send chat messages to individual participants or to all participants while bidders can only chat with purchasers. Provides various disclosure rules like display Rank, Display No. of Participants, Display Leading Bid, etc. Other controls include Enable automatic early close, and anonymous bidder, etc. 3

5 Contract Management in ConnektHub Digitalize and fasten the entire contract lifecycle Manage all contracts like sales contract, IP License, service agreements, internal agreements, etc. Contact and agreement standardization Removes long paper contracts and the problems associated with them Legal and regulatory compliance Facilitate negotiation Help in dispute resolution. Spend Analysis Reports ConnektHub emphasizes on the spend analysis of the customer as this results for keen and accurate decision supporting balance in organization, visibility of expenses resulting in overall growth of the organization. E.g. Spend analysis reports By items E.g. Amount spend on a particular item supplier wise and cumulated. By category E.g. Expenditure on a particular category of items. By Department - E.g. Expenditure on a particular department. Good visibility into expenditure data hence providing better insight for top management to make decisions. Gaps between the departments and the suppliers are filled and hence complete communication flow is established. Better governance and forecasting can be ensured using the spend analysis feature of ConnektHub. Business Benefits Increase efficiency and decrease costs with online document distribution and electronic bid submission. Configurable supplier management features include pre-qualification programs, invitational bidding and supplier rotation. Easy-to-use solution is quickly configurable for your construction company and its contracting vendors. Integrate across multiple ERP systems, delivering actionable data to your construction company. Complete audit trail for every step of the bidding process enables you to see contractor participation and collaborate with suppliers per opportunity purchasing. 4

6 Copyright 2014 Prospecta Soft Pvt. Ltd 5

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