Most companies would really like to be getting more spend through their e-procurement system. To do that, they need more catalogs on-line, and they need to provide a more compelling search experience for users. Why? Because without on-line catalogs, requisitioners have limited commodities they can buy on-line, and without a compelling search mechanism, buyers tend to resort to other ways of submitting purchase requisitions.
Used in conjunction with any existing e-procurement system, our software, IntelleCat (Intelligent eCatalog Management System), is the solution to both catalog management and catalog search issues.
1. Immediate hard-dollar savings– Bring catalogs on-line faster:
Consider the following question: How many catalogs would you need to bring on-line to drive 50% of your spend through your e-procurement system? 100? 200? More?
According to market research, the average cost to bring a single catalog on-line in CIF (or other) standardized format is $20,000 to $30,000. The time required is 2 to 6 weeks.
The math is easy: 100 catalogs at $20,000 is two million dollars. Note that this does not even take into account the wait time of 200 person-weeks before you can get to that goal of 50% of your spend being driven through Ariba.
2. Ongoing, sustainable soft-dollar savings – Rapidly search catalogs:
Consider: How much time do your users spend searching for catalog items?
Our research indicates that the average catalog search by a non-expert requires approximately 10 minutes. That's 10 minutes to locate just one item from your universe of catalogs. With IntelleCat that number drops to under 1 minute!
The math: Eliminating 9 minutes per item, if you process 1,000 transactions per day, that's 9,000 minutes. If your company operates 250 days per year, that's 2,250,000 minutes or 37,500 hours. If the average hourly wage across all of your users is $25, then that insignificant 9 minutes turns into $937,500 per year. That's nearly a million dollars in soft-dollar savings per year. Forever.
3. Cost avoidance as your enterprise grows – Empowering buyers:
Consider your professional buyers' time. How valuable is it?
IntelleCat can help you avoid hundreds of thousands of dollars in new salaries.
In conclusion, IntelleCat relieves the catalog enablement bottleneck, provides a more satisfying search experience, and allows your organization to capture and share procurement knowledge. In short, IntelleCat is Soft ware – Hard value