SWITCH ON THINK BUYERS. All procurement transactions in one system

Transcription

1 SWITCH ON THINK BUYERS All procurement transactions in one system

2 INTRODUCTION At think we believe in challenging the status quo and that doing business should be simple. An organisation s employees are all potential purchasers so it is important to have a purchasing system they find enjoyable, intuitive, easy to use and comply with; however the need to make sure all of your organisation s purchasing policies are adhered to and risks are managed has not always made it easy - until now... think took on the challenge. What we ve responded with is a user centric experience (UX), fully integrated Business to Business transaction platform that includes: our own state of the art cataloguing software that allows think to actively manage your catalogue, full purchase to pay (P2P) removing the need for forms and auto 3 way matching, business analytics to easily allow for insights from all expenditure data, Air, Hotel and Car travel booking engine that packages all of your travel needs, An integrated expense management system with optical character recognition for receipts, traveller duty of care / safety management and tracking, delivered as a Software as a Service (SaaS).

3 BENEFITS EASY TO USE PROCURE-2-PAY (P2P) All your purchasing to payment on one easy-to-use platform made easy and attractive to use. This takes the heartache out of buying the simplest of products. No more forms to be filled out yet ensuring all policies are adhered to with a full audit trail and behind the scene generation of all purchase requisitions, purchase orders, supplier invoices and receipting forms. MINIMAL DEPLOYMENT COSTS think achieves the same value as large Enterprise Resource Planning (ERP) P2P suites at a minimal cost, levelling the IT investment field for smaller buyers. Deployed via the internet, there is minimal adoption cost and effort, resulting in a quicker return on investment NO LICENSE & MAINTENANCE FEES think does not charge license, implementation or maintenance fees. BUSINESS PROCESS ALIGNMENT think works with buyers to align their required business systems and processes - incorporating delegations, authorisation workflow for approval of requisition / purchase orders / invoices and receipting online.

4 COMPLIANCE Beautiful user experience to attract compliance, minimise change management effort and increase adoption levels by users. TIME & COST SAVINGS Active catalogue management, 3 way auto-matching and autopay saves you time, money and assists in prevention of fraudulent activity. SHOPPING State of the art product representation for a contemporary online shopping experience. REDUCE RED TAPE Maintain governance and audit trails without the burden of associated forms. Purchase requisitions, purchase orders and invoices are all generated automatically and kept on record - available to view whenever required. REMOVE DUPLICATE PAYMENTS Organisations waste between 0.1% to 0.2% of revenue on duplicate payments, think removes duplicate payments with 3 way auto-matching. CONSOLIDATE ORDERS & LOWER COSTS Consolidate orders to one supplier to increase drop size and decrease order frequency, driving logistics costs out of the supply chain, creating long term cost savings for buyers and suppliers. Achieve Best Practice across all your procurement spend by deploying think

5 MOBILITY A cloud platform with responsive design, think can be accessed on any tablet, desktop, or smartphone with internet connectivity, at any time. No apps are required and therefore no associated version update management or associated costs. ACCOUNTS PAYABLE Reduce the need for human intervention in accounts payable due to the 3 way auto-matching and auto-payment upon receipt. NEGLIGIBLE TRAINING REQUIRED The user experience is purposely designed to be akin to social networking ease of use so there is minimal training required. If an employee can use Amazon. com then they can use think. Embedded within the platform is a comprehensive self help platform containing a user guide, tips, articles, videos and tutorials. Users can chat online with our support team; and also post their tips and useful experiences. CONTRACTED PRICE PROTECTION Automatic flagging, and order hold, of price increase by supplier without permission of the buyer. Price variations require both buyer and supplier approval.

6 FEATURES SOFTWARE AS A SERVICE A true SaaS single platform created in a single native environment - not grown through acquisition of other products (think is not a federated system). Built from the data layer up, each piece of data is an artefact that can be looked at by all think module functions. ENJOYABLE USER EXPERIENCE UX focussed, think is beautiful, light and fast, easy to use. We ve taken B2B purchasing beyond the retail experience using a contemporary colour palette and made all of the screen design quiet, easy to read and not busy - ready for today s modern work environment. DATA CLEANSING think cleanses data before it is used by aligning catalogue products with United Nations Standard Products and Services Code (UNSPSC ) and buyer s General Ledger coding. The highest level of data spend integrity is obtained by using the same catalogue descriptor for development of purchase requisitions, purchase orders and invoices. BUSINESS INTELLIGENCE (BI) & ANALYTICS Our integrated BI tool easily provides spend insight - inclusive of a configurable dashboard and the ability to develop customisable reports.

7 OBTAIN QUOTES EASILY Obtaining quotes for non-catalogue items is quick and easy with think s purpose built RFQ functionality. Developing specification and issuing to the market has never been easier. Services can easily be obtained online from supplier panels with pricing tailored to your specific needs. ACTIVE CATALOGUE MANAGEMENT think handles all cataloguing for the buyer, minimising requirements for the buyer s employees to be involved in catalogue maintenance. think s own software revolutionises the cataloging process by continuously learning product detail and naming, therefore expediting and improving the accuracy of the cataloging process. think can receive catalogue information as a static catalogue upload, FTP push scenario and web-access / open API. think does not facilitate punch-out into supplier catalogues in order to maintain a consistent workflow environment. MULTI-TENANT SOLUTION think is a multi-tenant solution - many buyers connected to many suppliers through one platform whilst maintaining complete confidentiality and privacy. This creates the ability for a buyer to become a supplier and supplier to become a buyer on one system. All suppliers need only upload their full catalogue once for all buyers. As new buyers come onboard, only respective contracted pricing need by added. Thereby minimising supplier onboarding times.

8 SECURITY think provides buyers and suppliers the levels of security found in commercial banking and other ecommerce products such as ebay and Amazon.com. SUPPLIER FINANCE Capable of paying suppliers in 3 days and also setting attractive payments terms for the buyer organisation e.g days. Buyers can adjust payment and payment terms at their discretion, to achieve discounts and balance for there cashflow requirements EXISTING ERP S & INTEGRATION think is a complimentary enabler of core ERP systems and assists in maximising any investment already made. Think easily integrate with most ERPs and ensure only quality data is input for audit, financial reporting and commercial leveraging purposes.

9 END-TO-END CORPORATE TRAVEL & EXPENSE MANAGEMENT PLATFORM The first end-to-end Corporate Travel & Expense Management Platform (CTEMP) provides: Full travel workflow, approved requisitioning, bookings, expensing, administration and profile management, payment fulfilment, integrated duty of care and real time corporate wide business intelligence. think s booking process allows users to book Air, Hotel and Car in one process - bundling each travel mode into a single manifest. Integration with International SOS. Employer duty of care responsibility is addressed via a integrated Travel Tracker capability. Ability to communicate globally in real time via text or with travellers from within think platform. Expense Management module automatically allocates costs to the traveller s trips and budget. Receipts can easily be uploaded, photographed by smart phone and expensed in the system using Optical Character Recognition (OCR) technology, matched against the traveller s credit card transaction information. There is no other system in the market today with this functionality. Flight, Hotel and Car content/inventory from the world s biggest booking engines presented in a single, simple to read format. think sources its inventory from the worlds large Global Distribution Systems, as well as direct inventory providers such as Expedia.

10 Interested in Something? Head Office Level 1, 181 Bay Street, Brighton, Victoria, (0) info@thinkprocurement.com Copyright thinkholdings Pty Ltd ABN All rights reserved.