Propeotech Solutions is a freight payment and audit company based in Pune, India that has been in business since 2008. They provide freight payment and audit solutions, business intelligence services, and sales compensation management services. Their freight payment and audit services help clients reduce costs by 2-7% of their total freight spend by catching overcharges and incorrect invoices through a customized, technology-driven process involving data access, rigorous definition, and reporting. They deploy flexible solutions that integrate with clients' existing technologies and offer hybrid pricing scaled to clients' invoice volumes.
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Procurement is the process of purchasing goods or services and is usually in reference to business spending. Business procurement requires preparation, solicitation, and payment processing, which usually involves several areas of a company.
This article discusses and explains to you about procurement and purchasing, and What exactly is procurement?
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Procurement is the process of purchasing goods or services and is usually in reference to business spending. Business procurement requires preparation, solicitation, and payment processing, which usually involves several areas of a company.
This article discusses and explains to you about procurement and purchasing, and What exactly is procurement?
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Currently, indirect spend is recognized as a major area for potential improvement, with up to 70/90% (by number) of purchase orders, shipment expenses, and invoices processed attributed to materials and services that are not used in the finished product”
Indirect Procurement deals with the acquisition of all those goods and services not directly involved in the core business of the organization. This is the reason why the contribution that indirect goods and services are able to offer to the company is very often misunderstood or underestimated.
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Most sourcing organizations focus on direct procurement, potentially overlooking indirect procurement and missing key opportunities to reduce spend. As indirect purchases increasingly become a larger percentage of overall spend, for many organizations, indirect procurement can be a diamond in the rough. This article makes the arguement that the value of indirect procurement should not be overlooked.
Complete Purchasing Process For Small BusinessBill Kohnen
A First Step Purchasing process road map that small business can follow to put its first purchasing process in place that has most features of million dollar systems. With no to little cost to put in place and all work transferable when ready to move to a more formal system.
Currently, indirect spend is recognized as a major area for potential improvement, with up to 70/90% (by number) of purchase orders, shipment expenses, and invoices processed attributed to materials and services that are not used in the finished product”
Indirect Procurement deals with the acquisition of all those goods and services not directly involved in the core business of the organization. This is the reason why the contribution that indirect goods and services are able to offer to the company is very often misunderstood or underestimated.
Process automation , improved visibility & maximize profitabilityVarun Dinesh Patel
How PharmaNET helped an offshore marketing arm of the large pharmaceutical manufacture and exporter to simplify global commerce and stay one step ahead of the competition
Future of Indirect Purchasing - Shifting to New Process and Technology Bill Kohnen
History shows that any level of focus on Indirect Purchasing can identify significant savings
Disruptive changes across many indirect spend categories have Chief Purchasing Officers refocusing on indirect spend. The biggest opportunities in next 5 years will come from an approach using both expert category managers and cloud based software as service tools.
How to implement a strategic IT vendor management programJeff Kubacki
CIO's and their IT leadership teams should focus more time on a strategic IT vendor management program. After doing this for 8 years by conducting annual IT vendor days and implementing World Class IT principles, I decided to share what has worked and why it is important in the transition to becoming strategic business partners.
IACT406 eBusiness Plan - Opportunity Identification by
Nurhazman Abdul Aziz
Hoh Whay Loh
Justin Packham
Adrian Pua
Huda Andhyka Tanjung
For more information, email me.
Most sourcing organizations focus on direct procurement, potentially overlooking indirect procurement and missing key opportunities to reduce spend. As indirect purchases increasingly become a larger percentage of overall spend, for many organizations, indirect procurement can be a diamond in the rough. This article makes the arguement that the value of indirect procurement should not be overlooked.
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2. Company Information Based in Pune, India Began Operations in 2008 Clients in Freight and Telecom domains Clients include Multi-million dollar US enterprises 100% Client retention history Businesses Include Freight Payment and Audit Solutions Business Intelligence Services Sales Compensation Management Services Company is debt-free Privately held
3. Freight Payment and Audit Primary Line of Business Existing Clients Freight Forwarders 3PL Operators Industry Statistics Paper Invoices – 90-95% in Europe and Asia Average cost of processing paper B2B invoices – 11 USD Direct overcharges – 5 to 8% of all freight bills Incorrect ratings – 5 to 16% in overcharges Inefficient processing impact receipt-to-pay cycle costs by 25% Cost increases due to: Bad cost centre/incorrect accounting code Inaccurate accruals Duplicate payments Root causes Lack of data access & visibility Lack of rigorous process definition Potential Tangible Savings of 2 – 7% of Total Freight Spend
5. Freight Payment and Audit Complete Lifecycle Management of business processes Integrated Business Strategy Cross-departmental integration and seamless information flow Unify implementation of management controls and policy across enterprise Expansion from siloed department-only processes to broader BPM for increased business value Rigorous Process Definition Framework Flexible and scalable with organizational growth Reduced fire-fighting and process delays Integration across technologies and systems Maximize cost efficiencies Embed efficiencies in people-process-technology interactions Process Management Expertise
6. Freight Payment and Audit Incremental changes to an existing process Process Optimizations Regulatory changes Policy changes Business expansion and scaling Framework encompasses Discover-Define-Design-Deliver philosophy Ensure multi-departmental buy-in Proactive identification of scenarios & business issues Focus on aligning solution to fit business needs Predefined and documented workflow for change approval Change communication support Enables rapid but robust response to change requests from Customer Change Management Framework
8. Freight Payment and Audit Custom-built rich data-driven reporting Reporting customized to client hierarchical levels Quick turnaround time for implementation of new reports Decision support and business intelligence analysis Stakeholder visibility into process Auditors Suppliers Freight companies Process Administrator Senior Management Process health monitoring and periodic reporting Reporting Expertise
11. Freight Payment and Audit Customized solution to fit client-specific needs Technology agnostic approach Appropriate technology to fit desired process Utilization of cutting-edge technology platforms Cloud databases Framework driven development Distributed storage options Rigorous Security protocols Cross-system complex integration EDI capabilities Accounting System integration Business Intelligence integration Dedicated technology improvement team Focus on continuous technology upgrades Quick response to client process changes Bespoke Technology Solutions
14. Freight Payment and Audit Hybrid Pricing model Minor Fixed price component Major Transactional (per-invoice) component Minimum invoice volume guarantees applicable Flexible Transactional (per-invoice) Pricing component Scalable with intermittent business spikes and general business growth Incremental pricing for incremental business growth Less overhead management costs for renegotiation of resources Reduced per-invoice cost with increased volumes Pricing model can be tuned to client organization Processing costs may be allocated to specific cost centers based on invoice details Billing support and analysis included Per invoice rates are in sync with industry benchmarks Cost-effective Pricing
15. Freight Payment and Audit Dedicated and Trained Staff Client-specific dedicated team comprised of Process Manager, Process Analysts . No sharing of processes amongst different teams to ensure data security. Continuous employee training on Process and industry developments. Client-specific training modules to educate on process and technology solutions Training modules evolve with process changes Knowledge management techniques adopted Classroom training Net link training Computer based self guided training Discussion forums Wiki based collaborative knowledge capture Process management systems to ensure homogenous process understanding and coordination
16. Freight Payment and Audit Employee Demographics Average experience: 2.7 Years. Employee median age: 27 Years.
17. Contact Director, Operations Sujeet Pillai sujeet.pillai@propeotech.com US: +1 (281) 645 6499 India Cell: +91 9890036805 Business Development Executive Bhupendra Singh Rathore bhupendra.rathore@propeotech.com India Cell: +91 9730187307