HOSPITALITY AND TRADING LLC

Speed Analysis

Spend Analysis

Sourcing

Improve Efficiency, Increase Productivity & Lower Total Cost

Demand Collection: Supports aggregation of user requirements through and requirement definition processes
Collaboration: Allows teams to work together in a structured way to build out sourcing events
Opportunity Advertising: Provides a fast and easy way to promote available opportunities to suppliers
Auction Management: Delivers robust auction capabilities to help drive additional value
Workflow: Enables each procurement phase to be held together by customer-defined processes

sourcing

Contract Lifecycle Management:

Negotiate and Manage Contracts in a single environment to reduce original risk.
Automated Management: Facilitates management of key contractual information with automatic alerting for important milestones and dates
Secure Document Repository: Guarantees important contractual documents are stored in a secure, central location for easy retrieval and reference
Contract Negotiation: Enables you to manage every contract negotiation in an online audited environment, including track changes and clause amendments with full version and approval control

contract cycle

Supplier Value Management:

Delivering Value to Supplier Relationship Management.
Supplier onboarding: Streamlined assessment process to ensure registered suppliers meet requirements.
Supplier qualification: Capability assessment for business principles, category, process and technology
Segmentation and risk management: Segment your supply base by category, risk and perfor mance management to track supplier performance over time
Development and innovation: Supplier development through improvement and action plans
Supplier 360° end-to-end visibility: Comprehensive access and transparency to accurate and timely supplier events throughout the procurement process

supplier value

Purchasing

Catalog – delivers full Lifecycle catalog management capabilities that drive online shopping.
Requests – provides the entry point for requisition of an item of service, catalog search and approval workflow.
Order Management – supports the creation, modification and management of all types of purchase orders.
Receiving – ensures accountability and communication with Accounts Payable of acceptance to pay.
Budget – optional feature that aligns purchases with budgets at any or all levels.

purchasing

Invoicing

invoicing

Savings

Capture, Realize and Report on the Increased Value Generated by Procurement
End-to-end Management: Enables you to track all savings, from the initial idea to final benefit signoff
Robust Approval Processes: Guarantees the correct stakeholders from across the business are consulted for each saving initiative at key milestones, resulting in less disputes after the fact
Flexibility and Scalability: Adapts to your organization’s unique needs while avoiding expensive software development costs
Comprehensive Reporting: Provides robust management reports, with full tracking of any deviations from plan.