According to the "2022 China Enterprise SaaS Industry Research Report" released by iResearch, the growth of the SaaS industry in the next three years will also be linked to the speed of macroeconomic recovery . It is expected to reach 120.1 billion yuan.
Due to the emergence of SaaS and cloud models, the role of procurement is slowly changing. This change not only affects the procurement process of enterprises, but also changes how enterprises evaluate, select and use suppliers. Businesses are now placing greater emphasis on the quality of technology and services, as well as factors such as flexibility, reliability and flexibility, rather than just price.
However, with so many options in the market, business leaders must understand all available options before making a decision.
We at Qiqitong understand that enterprises are currently under great pressure to optimize costs. We also know how difficult the task can be with limited visibility, insight, and consistency, which is why we're here to help.
Let me share with you today that having a reliable and efficient SaaS procurement management platform is more important than ever. Why it is necessary, and let us explore the value of the SaaS procurement management platform, and how to achieve the three main target values of procurement management, supply assurance, cost reduction, and efficiency improvement, to help growing companies digitally transform, upgrade, and innovate.
1 ►Why enterprises need SaaS procurement management platform
With the rapid development of enterprises, enterprise procurement management has become more and more complex, and there are many management situations, such as:
Purchasing and supplier management is difficult. There are many and mixed suppliers, the quality of suppliers is uneven, the delivery is not timely, and it is difficult to evaluate the performance of suppliers; the traditional offline procurement is opaque, the inquiry efficiency is low, the procurement process is difficult to control, and information cannot be shared;
Software and operation and maintenance costs are high. The price of traditional ERP software is high, ranging from hundreds of thousands to millions, which is unbearable for growing enterprises; after the system is launched, a large number of door personnel are required to maintain the system, database, etc., which is a large expense for growing enterprises;
Traditional systems are difficult to expand. The traditional system has a complex structure, many functions, and a high degree of customization. On the one hand, it is difficult to expand functional modules; on the other hand, it requires a lot of money to expand system functions;
Poor user experience. Traditional system functions and UI interactions are complicated, and the user experience is not good. Data transmission is not timely, and at the same time, it is difficult to use multiple terminals at the same time.
All these problems require enterprises to take effective measures to solve them, so as to ensure the smooth progress of the procurement process, and realize the purpose of saving costs and improving efficiency in the procurement process.
Procurement processes are often bottlenecked and there is a lack of visibility into the process. Requesters don't know who to make requests to, and procurement teams don't know who to approve them. But a SaaS procurement management platform prevents all these bottlenecks by making the process more streamlined and transparent.
Additionally, the SaaS procurement solution enables businesses of all sizes to identify processes that can optimize SaaS subscriptions and provides complete visibility into SaaS contracts across the enterprise.
With a SaaS procurement management platform in place, businesses can facilitate better digital procurement decisions while mitigating the risks associated with SaaS contracts.
2 ► The value of SaaS procurement management platform to growing enterprises
Growing companies purchase SaaS procurement management platforms for various reasons, and their value is mainly reflected in the following aspects:
1. Directly affect the profitability of the enterprise
In order to maintain the profitability of the enterprise, it is very important to obtain the maximum potential value from the procurement, and the SaaS procurement management platform simplifies and efficient procurement process can ensure that the enterprise reduces procurement costs and increases profits.
But if a company lacks an organized and efficient procurement process, even small expenses can quickly add up, leading to unsustainable spending. In the long run, this could lead to lower corporate profitability and potentially financial instability.
Hence, it is imperative for businesses to employ an effective SaaS procurement process to reduce expenses and increase the profitability of their business.
2. Improve supplier relationship
A SaaS procurement management platform can enhance supplier communications and manage supplier contracts and performance more effectively, all of which can improve trust and strengthen relationships with suppliers. All while helping to improve product quality, reduce expenses, and improve business performance.
3. Reduce supply chain risk
A well-planned procurement management strategy can help companies reduce supply chain risks through the SaaS procurement management platform.
Suppliers are vetted, qualified and continuously managed on a reliable SaaS procurement management platform. By partnering with reliable suppliers, businesses can minimize supply chain disruptions and reduce risks associated with quality, delivery and pricing risks.
4. Scalability
The SaaS procurement management platform can be rapidly expanded or reduced to adapt to changing business needs, such as increasing or reducing corresponding system functions according to the actual configuration needs of the enterprise, and customizing templates and application requirements.
5. Experiential
Due to the good user experience of the SaaS procurement management platform, enterprises do not need to purchase any IT equipment, such as servers, hardware, storage environments, and so on. Just connect to the Internet and pass the account password, and you can log in and use it anywhere. Therefore, employees can easily and conveniently access the tasks required to complete their work, which greatly saves the time for companies to go online and use tools, and reduces the risk of going online.
All in all, the SaaS procurement management platform can bring many benefits to your business. For example, the Qiqitong SaaS procurement intelligent cloud platform, in addition to the above functional value, can also help growing enterprises establish procurement collaboration with suppliers to help enterprises Intelligent management of procurement business, unified, transparent, standardized, and platform-based procurement processes can improve the procurement capabilities of enterprises, reduce procurement costs, and help enterprises achieve digital transformation and upgrading.
If you are looking for a procurement SaaS solution, Qiqitong SaaS procurement intelligent cloud can provide all basic services for growing enterprises and help improve enterprise supply chain and procurement management to achieve the three main goals of supply assurance, cost reduction and efficiency improvement . Click the link below to get the solution for free: Qiqitong-Registration