Viewing entries tagged
procurement reporting

How Easy Can Implementation Be?

As well as reducing pricing dramatically, the rise of stand-alone, best-of-breed tools to strengthen procurement processes and improve efficiency has brought another key benefit - easy implementation.

Whenever we’re talking to potential customers, one question we’re always asked is “How easy / quick is it to implement?”. The answer is: “It’s very easy (you don’t need any involvement from IT on your end), and it’s very quick (you can be up and running in a fully configured environment in as little as one day)”. This is still a surprising answer to some, but it’s becoming increasingly normal for this kind of technology. Gone are the days of lengthy, complex and costly projects just to get the thing off the ground.

To give a real-life example, recently we were contacted on a Monday evening by an organisation who were looking for a more robust and efficient way of managing and reporting their savings than their current spreadsheet-based process. On the Tuesday we provided a demo of our system via a web meeting. On the Wednesday we discussed the data we needed to build and configure a tailored environment for them (their category taxonomy, organisation structure, savings types, approval rules etc). On the Friday we received their data, built and configured their environment, and provided access to their super-users to check everything out.

During the week after we conducted web-based training sessions for all their users and they were up and running in the Tracker, having taken a huge step forward from their spreadsheet process in just a handful of days.

So just because something falls into the ‘technology’ bracket, doesn’t mean it needs to be complicated to buy and implement. If you’d like to understand how our Tracker can help your procurement team manage its cost reduction activity in a more efficient way – just get in touch and arrange a demo. If you like what you see, you could be using it this time next week!

News: Savings Tracker Version 5.3 Released

Managing your savings pipeline just got easier than ever as we release version 5.3 of our Savings Tracker this week. All our customers automatically receive the new version and can immediately use the added functionality.

At Provalido we’re not ashamed to say that we lean heavily on our customers to shape the future of our Savings Tracker. Almost all our upgrades come from ideas and suggestions made by our global user-base of more than 1,800 procurement and finance professionals. One of the reactions we often get from customers when we discuss pending changes is “We hadn’t thought of that but we would find that really useful!”. That’s the beauty of using a cloud based system where everyone benefits from an idea, whether it originated in your organisation or not, and best practise can quickly spread across the user community.

Highlights in this upgrade include the ability to configure and save multiple dashboards (both personal and organisation-wide), greater flexibility when managing project plans, improved reporting capabilities and an easier workflow. We’ve also added some more control functions for admin users so you can tailor your environment even further.

Although our Savings Tracker is now far more advanced than the original version 1.0 that we released back in May 2014, we have always been guided by two key principles. Keep it simple, and keep it flexible. Despite the generous functionality it’s now easier to create and manage projects than it was in the first version, and the system remains incredibly versatile so that no matter how you manage and report your savings, our Tracker can fit to your process.

If you’re still using spreadsheets to manage your cost reduction, or if you have another system that’s hard to use or not giving you exactly what you need, please do get in touch. We’re always happy to chat and provide a demo of our system so you can see for yourself just how it could help your organisation, and of course we hope that you too can help shape our future developments!

News: Savings Tracker Version 4.0 Now Live!

We’re delighted to announce another major upgrade to our class-leading Savings Tracker as it continues to evolve at a rapid rate. Highlights of the new version are:

  • A new reporting engine that provides over 2,000 variations of reports with an intuitive report-building interface.
  • Enhanced drill-down capability to get right into the detail of where your savings are coming from.
  • A fully configurable dashboard on the Home Page enabling you to see exactly the information you need each time you log-in.
  • Numerous other usability improvements to make creating and updating your savings projects easier than ever before.

If keeping your savings planning and reporting up to date is giving you a headache, take a look at our Tracker and see how easy it could be to get instant visibility and control of all your cost reduction activity. Take a free 30 day trial or ask us for a full demo today.

The Provalido Savings Tracker is an on-line solution that enables organisations to plan, manage and report their cost reduction activity in one easy-to-use tool. It’s suited to all sizes and types of organisation and is currently being enjoyed by customers in over 30 countries.