5 Steps for Procurement Service Providers (PSPs) to Increase Revenues
Transcript of 5 Steps for Procurement Service Providers (PSPs) to Increase Revenues
5 Steps for Procurement Service Providers (PSPs)
to Increase Revenues
$ €£€
$ £
Customers are demanding!
Fast✔✔✔
PreciseTransparent
To address their needs, you’regoing to need to be…
But I’m quick too
And I’m very good
And my prices are great!
✔✔✔
Competition is fierce
Don’t find yourself left behind
Time to UPGRADE
your business!
Our process isfine as it is…
But there’s so much to consider
How do we protect our margins?
There's never time to
differentiate?
How canI retain existing
clients?
How do we add value?
We need toscale tocompete
We needthe tools to make better decisions!
1 2 3 4 5
For companies that buy and sell products and services, growth can be a challenge
Here are 5 steps to increase Revenues withoutinvesting additional time and resources…
Automate your Spend Management
a
b
c
1
Cloud spend management platforms are quick to deploy,easy to use and streamline buy-sell processes.
Capture orders & aggregate demand throughprofessional, branded customer catalogs.
Increase user adoption across your business &suppliers - improving customer retention.
Empower your staff
Arm your clients with success metrics proving savings, efficiencies & service improvements to their line managers.
a
b
c
2
Time is better spent focusing on client needs, notmanual processes or paperwork.
Give your team the tools to transform transactionlevel data into quantifiable value.
Manage more spend
a
b
c
3
Drive transaction volumes & supply chain efficienciesbringing more spend under control.
Extend offering into more complex categories.Standardize more services for custom requirements.Adding more categories of expenditure.
Integrate upstream (buy side) & down stream (supplier side)to automate commodity buying & lock in clients.
Focus on New Business
a
b
c
4
Dedicate resources to lead generation & closing deals.Building your reputation through thought leadership.
Discover the competitive advantage of using transactionlevel data from your spend management platform.
Give clients the flexibility to choose from self-serve,assisted buying or a fully managed service.
Share the Love
a
b
c
5
Demonstrate to current or prospective clients thevisibility & control available with every transaction.
By enabling your clients to make more informed decisions, you will align with their success.
As a PSP, your spend management platform willbe the the catalyst for increasing revenues.
Case study: Cubiquity Media
55% pa Revenue Growth
Year 1 - Automate
Deploy cloud spend management platform
Free up your team = deliver more
Commoditize & compete for custom spend
Year 2 - Love your Clients
Use data to prove value
Bring more spend under management
Automate supply chain to lock in clients
Year 3 - Share the Love
Use spend management platform & data as your competitive advantage
Provide flexibility & service options
Share data across supply chain = collaborate for success
About ClaritumA class leading Cloud spend management platform provider.
Specializing in frequently ordered, low cost products & services.
150,000 users in 35 countries rely on Claritum to manage US$200m expenditure per year.
See for yourself, what Claritum can do for you…
Don’t take our word for it – Cubiquity are streamlining their procurement through Claritum…
Request: Demonstration
Download: Cubiquity Media Case Study
Come and speak to us: +44 (0)1225 851666claritum.com