ServiRed
Purchasing _
The ServiRed Purchasing card is designed to replace traditional purchase orders and invoice processing for low-value purchases. A company's employee can purchase products directly from suppliers without all the usual paperwork but with no loss of control.
The main advantage of the ServiRed Purchasing card is a reduction in costs of up to 60% from conventional procedures for purchasing low-value items (office equipment, courier services, reports, computer consumables, stationery, subscriptions etc.). This reduction achieved by transferring the actual purchase order from the purchasing department to the end-user, eliminates paperwork and increases productivity.
Benefits for companies
ServiRed Purchasing, in addition to being an excellent tool for change in the company's purchasing process, it provides solutions to common problems in current systems:
- Efficiently manage their ServiRed Purchasing program.
- o The administrative process is simplified, leading to lower costs.
- Orders can be made directly to suppliers by telephone, fax or e-mail.
- Eliminates the need to reconcile invoices with orders.
- Does away with the need to write cheques or order bank transfers to pay suppliers.
- Cards can be issued to cost centre directors or to whoever the company decides.
- o The supplier processes the order and the transaction.
- Cost monitoring:
- o Provides detailed information via an expenses management solution.
- Delegation and greater staff autonomy, whilst maintaining control.
- Special cost control reports in an expenses management solution.
- Consolidated payment by the company.
- Automatic cost allocation: Limits by card and by company
- o Allows purchasing department to concentrate on strategic purchases.
- Improves relations with suppliers.
Benefits for suppliers
- Direct contact with employee wanting the product.
- Eliminates need for client credit assessment.
- Less paperwork, filing and distributing documents.
- Faster payment, improved cash flow.
- No disputed invoices.
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