Who’s buying what?
Operational inefficiencies are a blight on business, yet largely avoidable with some straightforward technical interventions.
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The procurement process is a business function that can lead to huge amounts of waste. A key question is: Do you know who is ordering what within your organisation and for how much?
Let’s get straight to the point: Zahara makes it possible to transform procurement processes and give your organisation a serious competitive advantage on many levels. It eliminates common issues that cost money in the buying process. With Zahara, you will avoid many common errors:
- Over ordering – with insight into the peaks and troughs of expenditure.
- Duplication of orders – with a system that monitors purchases and flags up where duplications occur.
- Paying more than necessary – with a system secured by checks and approvals to avoid payment errors.
- Delays in order processing – with prescribed, automated workflows.
- Losing control of purchases at the local site and branch level – with rigorous buying protocols in place.
- Surprise increases in expenditure – when you have an up-to-the-minute view of operational spending, with controls to avoid budget overspend.
- Unauthorised expenditure – by putting controls in place to grant purchasing powers to authorised personnel only.
- Using unapproved suppliers – they cannot be sent a purchase order if they are not on the system.
- Manual processes—Automated workflows replace outdated human processing with checks in place to take control of the entire buying function.
What could this mean for your business?
As well as adding a considerable sum to your bottom line – a typical business can expect to save 5% of their operational expenditure, worth thousands in extra profits – you will also benefit from: –
- A closer insight on operations and the financial health of the business across all divisions, locations and outlets.
- Top-level, real-time reporting for CFOs, at the office or on the go.
- An analysis of buying habits – habits aren’t always good for business.
- Financial discipline that will create a less wasteful culture.
- Reduction in waste and all the costs associated with waste.
- Elimination of human error by automating processes.
- Eradication of the costly burden of hidden fees such as late payment charges.
- Maximising savings via early payment discounts received by speeding up your AP processes through to payment.
- Closer management of cash flow for better financial reporting.
- Improved productivity using an automated purchase-to-payment process.
Multiple retailers, construction companies, care providers and leisure organisations use Zahara to gain these advantages.
Implementation isn’t a barrier either, as we can prove with our free trial to get you started.
So, if you’re looking to instil much-needed financial discipline across the procurement process, invoice processing and making secure, automated payments, it would make sense to have a conversation.
