Pushed to Save Money AND Outrun Your Competitors? “Not Possible” You Say? Well, We Think Differently.

Many organisations are piling the pressure onto their finance and procurement departments to drive down costs and make savings. But there is a fine line with ‘Quality over Price’. Companies want to drive down costs but still maintain a competitive advantage without compromising on quality. There is also added pressures to drive efficiency, and deliver ‘more with less’. In the business world, technology keeps raising its head again and again when transformations are taking place.

However, technology alone doesn’t drive down costs, collaborating with your internal and external stakeholders is key and the technology should underpin this to make the operation seamless.  Technology providers should now be shifting their approach from the current ‘technology solutions’ to a ‘business focussed solutions’

Most procurement functions made unprecedented savings during the economic downturn and they are now being asked to not only uphold but magnify those outcomes going forward. Accomplishing this means leveraging lessons learned, which in turn requires visibility into spending and the ability to employ stringent compliance measures usually world-wide. There are certain goals when growing an organisation and why a global, seamless, procure to pay system is vital to an organisations success.

Using a procure to pay portal which allows your suppliers to proactively manage multiple aspects of your trading relationship, including new supplier registration, quotations, proposals, work orders and invoices removes a lot of the burden from internal teams. It can also support:

••Globalisation – As companies globalise, so do their supply bases. New relationships introduce more complexities into the procurement functions. Embracing globalisation while mitigating potential risks calls for strong supplier collaboration and performance management, along with new levels of supply base intelligence.

••Mobility – Most functions including procurement is no longer a 9-to-5 operation. It is a 24×7 discipline that requires informed, just-in-time decision making. What was once a function readily managed at the desktop now requires new functionality to empower an agile and mobile procurement team that can respond to the immediate needs of the business.

••Efficiency – The effort to optimise processes and push them out to the suppliers grows. Having systems that embed best practices while supporting easy-to-use procurement technology is imperative.

Whether you’re seeking immediate savings to help your organisation or looking for core procurement principles to set the pace for long-term gains, procure-to-pay optimisation can help you achieve your goals.

Invenio’s P2P Solution does just that and can help companies using SAP to dramatically cut costs in non-revenue generating purchasing activities helping you get a step ahead of your competitors. The unique IP in Invenio Procure to Pay (P2P) portal for is example of latest innovation for driving real results for customers.

If you are interested in hearing more you can register for our webinar here

Watch out! Competitors are now aiming to engage your loyal customers, what can you do?

Customers can now exercise their might through strong online research and an even stronger feedback, you possibly would have experienced this too. The objective is clear for any business, ‘How can they identify the right set of customers for their key products and service offerings to improve their market share and margins’? This is the core to the businesses success.

However, there would be an internal IT team who have already invested and implemented legacy solutions to provide their business with just that.

So what has changed?

The expected turnaround time.

Businesses now expect their customer relevant analytics to be delivered right now, not in months from when they place their requirement, even more they want to analyse & fine tune it themselves.

Imagine your business or customer now requires you to:

1. Classify customers according to their contribution to your total revenue.
2. Then provide an exact breakdown of the customer-related margin, pocket margin and gross margin, which provides crucial information on discounts, surcharges and costs.
3. They then want a customer rating scorecard, which is based on several key performance indicators (KPIs) that are derived from the source data and calculated against a peer group.

Assuming the legacy systems are in place, this would be a two month timescale of a business intelligence & data warehousing project with the potential to extend beyond six months if the right solution is not put in place.

What if we could deliver this analysis within seconds? Irrespective of the data complexity & the volume of data.
customer_engagementThere are customers across the world who are utilising these solutions and driving your loyal customers towards their products and services, they are using this solution to create effective personas and actively engage with them through the right channel to ensure their patronage.

Invenio business solutions, provides you with services tailored around SAP Customer Engagement Intelligence to maximise the value of your promotions and marketing engagement to drive revenue. Our approach to deliver this solution provides a guaranteed delivery within weeks.

Keep an eye out for instalment of this blog by Sheejo Arvind.

SheejoSheejo Arvind, Practice Lead – Customer solutions (CEC) at Invenio Business solutions has 9 years of strong SAP Consulting experience, and 6 years of extensive sales experience including the implementation of SAP CRM Sales specific scenarios, delivered key billing revenue & innovation management (BRIM) solutions, actively engaged with Customer engagement & commerce solutions.

Give a Man a Fish and He Will Live for a Day. Teach Him to Fish and He Will Live a Lifetime.

Invenio Supports The Sharnam Sansthan Charity.

This October, during Diwali, the Invenio Team took the opportunity to support the Sharnam Sansthan charity in Dharavi, India. Sharnam is a part of the CORP Community Outreach Program and provides shelter, food, education and helps create a better future to abandoned and orphaned girls.
IMG_0679The charity currently house 36 girls with an age group ranging from 3 to 22 years. They have 20 centres in 13 different underprivileged neighbourhoods.  The motto for CORP and their vision for the future is “Give a man a fish and he will live for a day. Teach him to fish and he will live a lifetime”.

Invenio and its hearted team managed to raise INR 22,890 (£233.74) for the charity. The team rolled their sleeves up and joined hands to make this a successful charity push, it has been really wonderful to see how everyone from Invenio’s Indian team came forward to contribute for this cause and the funds have already been put to good use.

Part of the fund has been used to provide essentials for the orphan girl which should last up to 2 months such as rice, dal, oil, sugar and toiletries. Some of Invenio’s staff personally went to deliver the gifts to the charity. The team had the privilege of spending some valuable time with the children and the care taker of the shelter.

The rest of the fund has been extended to our team in Hyderabad.  They are running a drive to support the relief measures of the government for the HUD HUD affected people in the Andhra Belt. The donations will reach out to the people of Andhra who have had to face innumerable hardships because of this natural calamity.

For more information on the project you can visit http://www.corpindia.org/index.html