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September 2019

supplier diversity

Supplier Diversity: How it Improves Business, and How it Works

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Supplier Diversity: How it Improves Business, and How it Works

Diverse spend is an ongoing goal for companies large and small alike. For government contractors and their subcontractors along the supply chain, the goal of supplier diversity can even stand as a requirement to doing business.

Exacerbating the search for diverse spend, suppliers often don’t even realize their potential to benefit from formal recognition of their diverse supplier qualities.

Supplier diversity can therefore feel like an onerous goal at times, imposed on supply chain professionals and business owners who already face manifold compliance requirements and boxes to check elsewhere.

Fortunately, in almost any industry, supplier diversity initiatives can be successful on both the buy and the supply sides with an all-encompassing approach that utilizes business intelligence, researches outside knowledge, and takes proactive measures. (You’ve already made a good first step coming to this page!)

The benefits of supplier diversity

Most large companies have been striving to increase supplier diversity for decades. But just what is a diverse supplier?

In the case of supplier diversity where the U.S. government is concerned, the OFCCP – Office of Federal Contract Compliance Programs – provides the following major small business subcontractor categories:

  • Disadvantaged
  • Woman-owned
  • Veteran-owned
  • Service-disabled veteran-owned
  • HUBZone (Small Business Administration-designated “Historically Underutilized Business Zones”)

With the U.S. federal government requiring those contracting in excess of $700,000 ($1.5 million in construction) on a deal to pursue subcontract according to certain percentages with the above small business categories, it becomes crucial for these businesses to know their supplier bases inside and out.

There are other categories outside of or overlapping with the above, too, such as foreign businesses and National Institute for the Blind (NIB) or National Institute of Speech and Hearing (NISH) affiliate businesses.

Supplier diversity’s benefits are not limited to satisfying government contracting requirements. Having achieved supplier diversity – either as a buyer, or as an entrepreneur who has attained diverse certification (more on that below) – one’s business becomes more attractive to outside companies looking to improve diverse spend overall.

Moreover, from a marketing perspective, the potentially unique approaches of diverse suppliers can bolster a company’s ability to navigate the U.S.’s increasingly diverse demographics.

Identifying diverse suppliers

For many corporations, supplier diversity is nothing new. To illustrate, CVM Solutions found in a 2017 report that 75% of supplier diversity programs have been in place for more than 3 years. In the same survey, however, only 25% of supplier diversity professionals rated their programs as “very effective,” signaling a gap between those who knowwhat supplier diversity is and those who achieveit.

Of acute relevance to small and medium-size companies is to know how to demonstrate supplier diversity. Luckily, doing so is a relatively simple affair thanks to the existence of Supplier Diversity Certification.

Major national-level certifying agencies include the National Minority Supplier Development Council (NMSDC), Women’s Business Enterprise National Council (WBENC), and the U.S. Department of Transportation DBE Program, and the SBA Woman-Owned Small Business (WOSB) Program. Other major certifications exist, with even the state of Ohio operating its own Disadvantaged Business Enterprise (DBE) certification program.

Knowing about certifications is only half the battle. Suppliers may not realize the business benefits of certification, and their customers may not think to ask. Procurement supplier business surveys should always ask in plain terms about suppliers’ knowledge of diverse supplier certification beforeestablishing whether they have any! This simple question can save lots of time, money, and calories for all parties involved.

For small and medium businesses especially, the art of sourcing diverse spend can still seem excessively time-consuming, cost-intensive, or just overwhelming to approach. Easy-to-use tools exist to streamline this process.

Integrating diverse suppliers

Dun & Bradstreet (DNB) is meanwhile known for its deep supplier sourcing database, and assigning a D-U-N-S identification number is free for all businesses required to register with the U.S. Federal government for contracts or grants.

New networks and databases are cropping up to meet the unique demands supply chain professionals face, like in supplier diversity. Premikati Marketplace, an SAP Partner-Packaged Solution, enables diverse supplier sourcing with ease.

SAP Ariba is a major software suite that supply chain professionals use to drive all sorts of business decisions.  Using SAP Ariba in a turnkey, in-browser navigation system, Premikati Marketplace connects suppliers (including diverse) with buyers. It is free for suppliers to set up, with no costs or fees to maintain.

With Premikati as a WBENC-certified woman-owned business, enhancing users’ supplier diversity connections is a key function of its Marketplace. New suppliers have the opportunity to connect with potential buyers, and potential buyers to new suppliers, thanks to the low barrier to entry design of the network.

From electronic requisition processing to supplier information queries, Premikati’s Marketplace solution is easily tailored to diverse supplier integration.

Every supply chain initiative poses unique opportunities and challenges, and supplier diversity efforts are no exception. For a more personal touch to your unique supply chain initiatives, contact Premikati’s experts for a real human’s ideas and insights on how you can improve supplier diversity and enhance other efficiencies in your company’s supply chain now.

About PREMIKATI

Founded in 2009, Premikati, Inc. is a WBENC certified woman-owned Supply Chain Business Process Outsourcing (BPO) firm, providing cost savings and financial, contractual and supplier risk mitigation services to purchasing organizations for mid and large enterprises while leveraging best-in-class purchasing processes and technology. Premikati has partnered with SAP and is one of only five companies globally to have been granted the most exclusive partnership level with SAP Aribaas a BPO Partner.

Digital Transformation in Small and Medium Sized Businesses

Digital Transformation in Small and Medium Sized Businesses

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SMBs and Digital Transformation: Is Your Company a Laggard or a Front Runner?

SMBs have long been seen as being “behind the curve” in terms of transformative businesses processes. This unfortunate placement puts slow adopters at a disadvantage, blocking access to cost-saving solutions and process optimization.

With all the advantages that digital transformation promises, you might wonder what the hesitation is all about, but it could be due to one or more factors that include:

  1. Lack of awareness. In small businesses, often there isn’t a dedicated technology officer to inform leadership of new and helpful tools. Unless there is somebody within the organization who has an interest in pursuing this line of action, the company will likely continue as they have in the past, gradually losing market share.
  2. Cost-prohibitive nature of large analytic ERPs. Not every business is a good candidate for an ERP as these systems are often designed for the enterprise and not priced for a smaller operator.
  3. Lack of manpower. Digital transformation does not happen overnight. Identifying the right technology, migrating systems, training staff, and generally managing change is a time-consuming and sometimes complex process. Many businesses simply do not have in-house staff who are trained adequately enough to see it through and hiring an outside company isn’t always possible due to budget constraints.

Procurement solutions: turning laggards into front-runners

Even if your digital transformation is underway, some departments are often overlooked or put on the back burner while more critical areas are addressed. Procurement is one such area, but in truth, it is one of the easiest to gain control over, helping you lower costs and gain some competitive ground.

Procurement is, perhaps, the largest area of total spend over which SMBs do not have complete oversight. In most cases, there will be several individuals spread out over various departments who are making purchases covering everything from office supplies to raw materials.

In the enterprise, these tasks are centrally managed through the ERP. Buyers can access a centralized list of preferred suppliers, leverage an integrated PO system for efficient financial reporting, and stakeholders are provided with complete transparency into all procurement activities.

How can SMBs take advantage of enterprise approaches to save?

The good news is, the ability to easily manage spending analytics and choose from a catalog of diverse suppliers is no longer the sole realm of the enterprise.

The solution: Premikati Marketplace

Running on the SAP Ariba™ Buying and Invoicing platform, Premikati Marketplace can accomplish all of these things, offering affordability and scalability combined with the simplicity and security of a cloud-based platform.

Premikati Marketplace is a B2B marketplace that features tens of millions of items from fully-vetted and sustainable suppliers. SMBs can access features like rock bottom pricing and leverage built-in spending control, driving value straight back to the bottom line.

“Finding frictionless ways for your business to initiate digital transformation in their organization is a growing trend and plays a key role to maintain competitiveness. The challenge is that businesses are just like consumers – they want fast time to value and convenience. Premikati Marketplace offers both for SMB companies by digitally connecting suppliers to help SMB companies buy goods at market-friendly prices with control and visibility that is required by companies. This is a great foundation for any business to start digital.”

 

Sean Thomson, SAP Ariba, Network & Ecosystems

@seanthomson0108

Benefits of Premikati Marketplace

There are many benefits of Premikati Marketplace, including:

  • Control spending across multiple departments and buyers
  • Reduce time spent on ad-hoc buying processes from days or weeks to just hours
  • Up to 35 percent reduction in costs overall
  • Cashback feature: receive a rebate of up to one percent on your P-Card for all purchases

If your company is lagging behind the pack in digital transformation, even small changes can deliver significant results. To learn more about how we can help you optimize your procurement spend, visit www.premikati.com/marketplace or call us directly to find out how we can help.

About PREMIKATI

Founded in 2009, Premikati, Inc. is a WBENC certified woman-owned Supply Chain Business Process Outsourcing (BPO) firm, providing cost savings and financial, contractual and supplier risk mitigation services to purchasing organizations for mid and large enterprises while leveraging best-in-class purchasing processes and technology. Premikati has partnered with SAP and is one of only five companies globally to have been granted the most exclusive partnership level with SAP Aribaas a BPO Partner.

Premikati and SAP Ariba Deliver Enterprise-class Procurement for SMBs

Premikati and SAP Ariba Deliver Enterprise-class Procurement for SMBs

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For small and medium-sized businesses (SMBs), shrewd spending decisions can mean the difference between failure and success. But many lack the systems and staff to make procurement a mission-critical priority.

Premikati Inc. has a solution to their problem. Leveraging technology from SAP Ariba, Premikati introduced the Premikati Marketplace, giving SMBs access to enterprise-class procurement as a service.

“Small and medium-sized businesses have long wanted to take advantage of enterprise-class procurement, but they haven’t had the means,” said Marisol Buczynski Buchanan, CEO of Premikati. “Using the Premikati Marketplace, they can access millions of vetted suppliers and enterprise-class procurement tools that provide greater visibility into their spend and procurement process from end to end – all at a cost they can afford.”

As an SAP Ariba partner, Premikati has created the marketplace specifically geared to SMBs in just six weeks, from delivery to cutover to production. It provides them with critical elements they need in driving a simple, efficient source-to-settle process that quickly delivers results. Their customers can manage spending, connect with suppliers, improve cash flow, and drive compliance – all without adding complexity.

“The Sanders Group has been transacting over the Ariba Network for many years as a media technology and communications supplier to some of the largest companies in the United States,” said Mike Sanders, president of The Sanders Group. “With the Premikati Marketplace, we can now use the same SAP Ariba solution to purchase products and services we need to run our business. Premikati was able to get our team enabled and completing transactions within one hour of receiving our information.”

Premikati and SAP improve the lives of students

SAP and Premikati Improve the Lives of Students

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SAP Ariba silver partner Premikati recently completed a project that provides students, parents, and schools in Florida with much-improved access to services and financial support through the Step Up for Students (SUFS) organization.

The non-profit SUFS manages funds for The Gardiner Scholarship Program , which provides up to $10,000 each for K-12 students in Florida for tuition, equipment, therapy and other supplies. Prior to implementing SAP Ariba, parents had to pay expenses out of pocket and submit invoices for reimbursement.

The system financially strained many parents and featured an inefficient, manually intensive process for nearly 1,300 reimbursements every day. A team of 75 people manage invoices and the organization printed 100,000 checks on a quarterly basis, said Marisol Buczynski-Buchanan, CEO of Premikati, which handled the implementation.

“Their process was not sustainable nor scalable,” she said. “They were looking for technology to manage the funds and put all approved products and materials into a marketplace where parents and guardians could click to purchase.”

Vendors such as Best Buy, Office Depot, Lakeshore Learning, and School Specialty are onboarding their catalogs into the SUFS marketplace, with more on the way, allowing parents to purchase educational materials, services and tuition online.

The tuition reimbursement process and marketplace is expected to go live in January 2018, serving more than 100,000 students in 2,000 schools.

“Going forward, parents can just order the goods and services they need for the education of their children online using their smart phones while the software tracks the balance of their scholarship funds,” Buchanan said. “And SUFS can spend their time working closer with the families to provide additional services and support.”

Additionally, the 2,000 private Florida Schools also reduce their administrative costs associated with tracking parental signatures for tuition reimbursement checks as well as additional costs.

“This is the first time a real business to consumer system has been built on SAP Ariba. In fact, this is one of the largest SAP Ariba implementations to date in terms of buying organizations, which has only been made possible by the advancements to the user interface and the addition of guided buying,” Buchanan said. “Essentially, we are applying the most sophisticated procurement software available and offering it to families so that they can spend more time with their children and less time and headaches dealing with paperwork and stressing over financial burdens.  This is a true business case of procurement with purpose driven by SAP Ariba.”

SAP Ariba SNAP! FAQs

SAP Ariba Snap Frequently Asked Questions

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As one of only eight companies in North America that have the ability to implement SAP Ariba Snap solution that is targeted at mid-market companies, we at Premikati, Inc. have compiled a list of frequently asked questions and their answers to help you decide if your organization is ready to take the next steps into solving your procurement obstacles and meeting your business objectives.  


Overview and Key Differentiators:

What exactly is SAP Ariba Snap and how does it differ from standard SAP Ariba?

Snap is an implementation of SAP Ariba Buying and Invoicing and encompasses the critical elements of a procurement foundation at a minimum of complexity. (See more how Premikati, Inc. has been able to make the complex, simple by implementing SAP Ariba Snap into mid-market business).

What is the process of implementation?

Premikati, Inc. is able to take your business live with SAP Ariba Snap in under 12 weeks. You will get best practices on Day 1 out-of-the-box which can be adjusted during implementation and over time.  In order to maximize the return on investment, we recommend that SAP Ariba’s Spot Buy marketplace be turned on immediately.  We want you to be transacting in 2 weeks or less!

(See more about the incredible SAP Ariba Spot Buy Marketplace!)

Supplier enablement of the initially targeted suppliers are performed by Premikati.  This is a critical aspect of the successful implementation and has been fully integrated into the implementation process.  We train your team so you can be self-sufficient as you add suppliers over time.


Spot Buy:

Does the SAP Ariba Spot Buy Marketplace come with SAP Ariba Snap?

Yes, Spot Buy is included and can be ready for transacting early in the implementation process.

One great thing about Spot Buy is that you can control content by commodity. For example, the administrator has the ability to toggle on and toggle off what content your users are allowed to see.  In addition, approval workflows and cost center information can be added to any purchase.  These are unique value props to Ariba Marketplace. You choose the content for your users, no matter the number or location – a feature that NO competitor has.

Do users in countries such as Brazil, Argentina, Mexico, UK, Germany, and Australia have access to Spot Buy content immediately or is that limited to the US only?

The marketplace is growing fast! SAP Ariba Snap has up to 60 million SKU`s from sustainable, and vetted suppliers. It is available for users in US, Canada, UK, and Germany today.  Mercateo is the marketplace provider for EMEA.  Recently, SAP Ariba signed agreements with Mercado Libre that will make the marketplace available in Latin America.


Guided Buying:

Does Guided Buying come with SAP Ariba Snap, and if so, can you configure other categories to the guided buying landing page?

Yes, Guided Buying is included. While you can easily add additional categories that are specific for your business, with Snap you get pre-built categories with content and forms for:

  • IT & IT Services
  • Office Supplies
  • Advertising & Printing
  • Marketing Services
  • Financial Services
  • Legal & HR Services
  • Facilities / Maintenance
  • Travel

(See more about SAP Ariba’s Guided Buying)
 


Technical:

How do approval processes work? What do they look like?

You will receive SAP Ariba’s best practice approval workflow out-of-the box. You can approve via the application, via email, or by mobile device.  Approval workflows have tons of flexibility. There are parallel approvals to accelerate process. There is a concept of a watcher, and user approval groups.  Out of the box approvals include role, dollar value, special situation. This helps to minimize the need to build customizations.

How does Ariba & ERP’s integrate? Is there a standard set of integration scenarios for each process within Procure-to-Pay that no special development is needed if SAP best practices are followed?

Perhaps the most valuable aspect of Snap is the pre-determined flows, processes, and approvals out of the box. The structure is both robust and complete, essentially eliminating the need for customized integration. There are few instances where the custom integration justifies both the up front and ongoing maintenance costs.  With SAP software, there are 170 native integration points. The number of integrations is 8x of any competitor and covers the entire Source-to-Settle process.

Does this apply to non-SAP customers as well?

Yes. Ariba Snap is ERP Agnostic and will deploy in <12 weeks. 42% of Ariba customers are non-SAP.

Essentially all ERP systems can now be integrated to Ariba.

Are analytics provided? If so, how is reporting presented and managed?

Yes, analytics are provided which are focused on the P2P lifecycle.  As part of Snap, SAP Ariba has provided end to end capabilities to support the entire procure to pay process.  All of the basics are reported on (approvals, spend by categories, invoices exceptions, accruals, etc.) It is possible to set it up to have a weekly report sent to your stakeholders directly from the tool, or you may download in Excel.  Additionally, any data element captured can be reported with an unlimited number of customized reports that your team can create easily.

 


Upgrades:

If our company outgrows SAP Ariba Snap, do we have to redeploy/repurchase SAP Ariba?

Absolutely not!  SAP Ariba Snap is the same full Buying and Invoicing solution deployed at Large Enterprise customers but the focus is on the features and functionality that are critical to growing businesses and deploy only those features.  If you need additional features in the future, these are already included in your license and you can toggle them on at any time.

The beauty of SAP Ariba Snap is that it is a solution that is built to grow in complexity as your business matures. With implementation, we start with the key foundations that will give you the fastest time to value in key spend categories.  Once the foundation is set you can add those features and functionalities that best meet your needs while minimizing cost and operational risk.

What does SAP Ariba Snap cost?  Is the price determined by Spend Volume? by PO? Or transactions? Or connections?

Pricing is done by volume of Spend and the of the number of documents (PO and Invoices per year). Unlimited users are allowed so everybody in your company to have flexibility to access the tool without additional cost.

  


My Suppliers:

What is the process for suppliers to join the Ariba Network?

Suppliers can join the network at discovery.ariba.com but they are also invited to the Ariba Network from the buyer in their Ariba site. This can be done as an invitation or when a PO is sent to supplier prompting the invitation. Suppliers are considered customers too. SAP Ariba has used many UX principles to dramatically ease supplier interaction on the network.

What are the fees for Suppliers with SAP Ariba Snap?

Your suppliers can transact for free on the Ariba Network. They have the ability to send PO`s, Invoices, Order Confirmations, Ship Notices, and more. (Learn more about Light Enablement from SAP Ariba) 

Why should we buy SAP Ariba instead of a competitor’s product? Here are a few highlights:

  • Fast time to value (<12 weeks)
  • Best practices built in
  • Access to Spot Buy marketplace (content engine) that you control by commodity
  • UPGRADE Path without having to “upgrade”!!!
  • Local Resources – local language support and real-delivery expertise
  • Integration is simple and easy
  • Commercial flexibility i.e. Unlimited users and low subscription price
  • Suppliers can transact for free on the Ariba Network via Light Enablement

 


About PREMIKATI

Founded in 2009, Premikati, Inc. is a WBENC certified woman-owned Supply Chain Business Process Outsourcing (BPO) firm, providing cost savings and financial, contractual and supplier risk mitigation services to purchasing organizations for mid and large enterprises while leveraging best-in-class purchasing processes and technology. Premikati has partnered with SAP and is one of only five companies globally to have been granted the most exclusive partnership level with SAP Aribaas a BPO Partner.

Ariba Snap procurement implementation

Procurement with a Purpose – SNAP! Implementation

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Marisol Buchanan, CEO of Premikati, Inc., had the pleasure to speak in NYC at SAP Ariba’s Business with a Purpose Summit – along with Step Up for Students (SUFS) COO, Anne White.  The challenges faced by SUFS and and solutions of implementing SAP Ariba’s Guided Buying and SNAP! tools are highlighted below.

The Problem

At a high level, Premikati had been tasked with giving parents and guardians access to their children’s scholarship funds AND providing easy access to the things they are allowed to buy including tuition, provider services and school supplies.

If we asked to partner on this project a few years ago it would have been very difficult from a change management perspective and we would not have recommended Ariba due to the complexity and all of the massive capabilities of the software, which is a good thing for large corporations but rather confusing for a basic consumer who may not even know what the word “Procurement” or “advance ship notice means”.

The Solution

Now, through the innovations made by SAP Ariba to the user interface and adding Guided Buying, along with the simplicity of SAP Ariba SNAP!, the implementation end user training has been drastically simplified.

This is imperative considering the landscape of the situation:

We have:

  • 100,000 families
  • not using corporate devices with standard operating systems
  • limited access to email
  • low user experience with business support technology like WebEx for training
  • multiple languages
  • many families with multiple children
  • 2000 schools which now are “Suppliers” who have limited experience with “e-Invoicing”

With this said, Premikati, Inc. has developed a robust and creative Change Management Strategy.  In addition to standard business communication vehicles, we are leveraging social platforms such as text messaging, YouTube, Facebook and twitter to engage and interact with these families in a way that easy and common for them.

So, essentially, we are taking complex procurement technology and best in class business processes and applying them in a way to make a positive impact on families, because that is what really matters.  That is truly procurement with purpose.

NSBA partners

CEO of Premikati Named to National Small Business Association Leadership Council

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Marisol Buchanan, CEO of Premikati, located in Indianapolis, IN was recently named to the National Small Business Association (NSBA) Leadership Council. NSBA is the nation’s oldest small-business advocacy organization, and operates on a staunchly nonpartisan basis. Buchanan, a recognized leader in the small-business community, joins the NSBA Leadership Council alongside other small-business advocates from across the country as they work to promote the interests of small business to policymakers in Washington, D.C. Additionally, Buchanan is a Council Member for the NSBA Technology, Economic Development, and Health and Human Resources Committees.

“As a small-business owner, I see daily the importance of being involved and active when it comes to laws and regulation,” stated Buchanan. “Joining NSBA’s Leadership Council will enable me to take our collective small-business message to the people that need to hear it most: Congress.”

As a WBENC certified, woman-owned small business operator and owner, Buchanan has more than 18 years of leadership and governance management experience. She is an active member of the National Association of Woman Business Owners, Women and Hi Tech, and the Indiana Chamber of Commerce. Buchanan volunteers her time to multiple community organizations to maximize the voice of small business owners.

Ms. Buchanan joined her NSBA Leadership Council as part of her efforts to tackle the many critical issues facing small business, including tax reform, regulatory restraint, health care costs and how the Affordable Care Act will impact small business. The NSBA Leadership Council is focused on providing valuable networking between small-business advocates from across the country while ensuring small business a seat at the table as Congress and regulators take up key small-business proposals.

“I am proud to have Marisol as part of our Leadership Council,” stated NSBA President and CEO Todd McCracken. “She came to us highly recommended and I look forward to our coordinated efforts for years to come.”

Please click here to learn more about Marisol Buchanan.https://www.linkedin.com/in/marisolbuczuynskibuchanan/

For more on the NSBA Leadership Council, please visit www.nsba.biz/leadershipcouncil.

About Premikati: Founded in 2009, Premikati, Inc. is a Supply Chain Business Process Outsourcing (BPO) firm, providing cost savings and financial, contractual and supplier risk mitigation services to purchasing organizations for mid and large enterprises while leveraging best-in-class purchasing processes and technology. Premikati has partnered with SAP and is one of only five companies globally to have been granted the most exclusive partnership level with SAP Ariba. Additionally, Premikati is now embarking two new lines of business; a national Group Purchasing Organization (GPO) for the K-12 education space and non-profits, and orchestrating a Minority and Woman Business Enterprise (MWBE) catalog of suppliers to support the swell of demand by Fortune, government and private sectors.

SAP Ariba Buying and Invoicing Tips

SAP Ariba Buying and Invoicing Tips

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Having been an SAP Ariba customer, employee, and now SAP Ariba BPO partner, I have seen many of the pain points of the implementation of this module.

Granted, this list is only three of the major roadblocks we at Premikati have come across, and there are many more challenges that are company specific that we will address via this medium in the near future.

Alas, for now – let’s hit the top 3:

1. Have a solid change management strategy and plan.  

When initiating a top down project, without buy-in, you are at risk for people not adopting the new processes, technology, and communications.

This lack of buy-in decreases your early adoption level and end user acceptance of the new technology and processes – therefore diminishing your success and what should be – a rapid ROI.

2. Develop a strategic supplier on boarding wave plan.

Start with matched SAP Ariba Network suppliers. They are already transacting over the network making for an easy connection.

Next, remember the 80/20 rule. Let’s get the suppliers you do the highest spend with on immediately. This will allow for quick visibility and spend control for the majority of your purchase orders.

Your next target should be strategic commodities.

As far as tail spend, remember that SAP Ariba Spot Buy will revolutionize the way you have dealt with the tail spend that everyone struggles with and should have been “turned on” immediately and effortlessly.

3. Develop a strong compliance message for your suppliers.

Require all suppliers to receive PO’s and submit invoices through the Ariba Network. With Light Enablement, the historical complaints about fees are simply invalid.

Companies who follow this recommendation experience quicker supplier enablement which in turn allows for increased visibility and control of your company’s spend.

_____________________________________________________________________

Premikati is a certified Woman Owned Management Consulting and Legal Process Outsourcing firm, and an SAP Ariba Silver Partner, that is specifically tailored to Procurement and Supply Chain.

Contract management from Ariba for $30K

Contract Management from Ariba for $30K?

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When a company decides it has a need for a Contract Management software, the first step is generally to send out an RFI/RFP. A number of weeks and many pages of responses later, the field is generally narrowed to a couple of contenders. Then comes the demos… The team watches each vendor demonstrate their technology, usually with fairly little difference between them. Reporting, templates, clause libraries, redlining, and electronic signatures are usually the top things that everyone wants to see.

At the end of the day, since most of the top tools can all accomplish the same things, two factors typically make the decision. 1) The one that the team deems most “user friendly” and 2) price.

Once implementation is underway, the team starts to realize that they simply aren’t ready with templates and a clause library. Creating those from scratch takes a considerable amount of effort, particularly from an already overburdened legal team. They also realize that redlining might not work quite as easily as it was shown in the demo. These two items are then pushed off to a Phase II (which often never occurs) and the system is basically used as a repository.

The software vendors typically do not have different “levels” of their software at different price points. If you want a “repository only” solution, you would need choose a lower cost, less sophisticated software, effectively eliminating a progression path towards those features such as templates, clause libraries, and redlining that can be beneficial as your organization matures.

With Premikati recently becoming a BPO Partner of SAP Ariba, we have opened up a new set of options.

Premikati can now purchase and operate the SAP Ariba Contract Management Professional software on your behalf. We have two paths, one for Enterprise customers, and another for companies below $500MM in annual revenue.

First, for the Enterprise. Premikati can purchase an individual realm to operate on your behalf. Frankly, our status as a BPO Partner enables us to buy it at a significantly lower price point that you can. Our team will own and operate the system on your behalf, performing Contract Administration Services and, of course, all of the system administrative functions as well. This allows your team to focus its energy on more strategic opportunities, not the tactical day to day activities of keeping track of contracts. When you consider the total cost of ownership, you will be hard pressed to find a service/solution that provides more value for the price.

For companies below $500MM in revenue, we have a whole new way of thinking. 

Since we realize that initially you most likely only need a “repository” with reporting and the ability to do electronic signatures, that is all you are going to pay for.

Depending on a variety of factors, our pricing starts as low as $30K for an annual subscription that includes Contract Administration Services and all system administration.

Implementation is similarly value priced starting at $25K with a Go-Live in as little as two weeks.

This is still for the full version of the Ariba Contract Management Professional system although integration with other systems is not available in this situation. However, during your maturation as an organization, both in revenue and sophistication, we can always move you over to an Enterprise realm with ease and no downtime.

______________________________________________________________________

Premikati is a certified Woman Owned Management Consulting and Legal Process Outsourcing firm, and an SAP Ariba Silver Partner, that is specifically tailored to Procurement and Supply Chain.

SAP silver partner

Changing the Game in Education with Step Up for Students and SAP Ariba

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Non-profit to launch digital marketplace for simple, efficient administration of scholarships to low-income and special needs students

PALO ALTO, Calif.–(BUSINESS WIRE)–Back to school can be a stressful time for parents and students – particularly those with financial and special needs. Step Up For Students is out to change this. The non-profit, which is expected to provide scholarships this fall to about 110,000 qualifying students in the state of Florida, today announced plans for a digital marketplace powered by SAP Ariba through which recipients will be able to purchase education along with associated services and supplies in a simple, consumer-like way.

“Premikati has particular expertise in simplifying complex challenges like these which will be key for a successful program.”

“At Step Up For Students, we don’t believe that quality education should be determined by financial means or disability, and we have made it our mission to give children from lower income families and those with special needs a chance at a brighter future through the scholarships we help to manage,” said Doug Tuthill, President, Step Up For Students.

Fueling Equal Opportunity

To advance this mission, Step Up For Students will leverage SAP Ariba’s cloud-based applications to provide an easy and efficient way for parents and caregivers of scholarship recipients to pursue and engage in the most appropriate learning options for their children. The nonprofit will begin to introduce the platform during the 2017-2018 school year with the goal of full implementation by 2018-2019.

“Education is the great equalizer,” said Alex Atzberger, President, SAP Ariba. “Yet there remains a significant divide in the ability for everyone to capture opportunities to learn. Technology is powerful tool that can change this and we are pleased to be supporting Step Up For Students in their mission to innovate with the purpose of closing this gap.”

Using SAP Ariba® Buying and Invoicing™ and SAP Ariba Commerce Automation™, Step Up For Students will create online catalogs through which scholarship recipients can find, buy and pay for tuition at schools of their choice along with educational services and school supplies with just a few clicks.

Bridging the Digital Divide

The solutions will be accessible anywhere, anytime via any device, including mobile phones – a key factor in Step Up For Students’ selection.

“Many of those we serve lack access to technology in their homes and it was critical that we remove this as a barrier,” said Scott Massey, Chief Information Officer, Step Up For Students.

Enter SAP Ariba partner Premikati. “Step Up for Students has high user counts where the users are not actually employees but rather students and their families,” said Premikati CEO Marisol Buczynski Buchanan. “Premikati has particular expertise in simplifying complex challenges like these which will be key for a successful program.”

SAP Ariba offers a range of solutions that help organizations of all sizes digitize the source to settle process and run faster, simpler and smarter than ever before. To learn more about the them and the value they can deliver, visit www.ariba.com.

About Step Up For Students

Step Up For Students is a nonprofit organization that helps manage the income-based Florida Tax Credit Scholarship Program. Students who qualify for the national free or reduced-price lunch program, or those who are homeless or in foster or out-of-home care, may qualify. The scholarship program provides tuition assistance to the private school of their parents’ choice or financial assistance to offset the transportation cost to an out-of-district public school. Since 2001, Step Up has awarded nearly 580,000 scholarships.

Step Up also helps administer the state-funded Gardiner Scholarship Program for Florida students with certain special needs. With the Gardiner Scholarship, recipients may use the funds for a variety of approved services including private school tuition and fees, private tutoring, occupational therapy, instructional materials and other services. For more information, visit: http://www.StepUpForStudents.org.

About Premikati

Premikati is an Indianapolis-based WBENC certified WBE Management Consulting and BPO firm that utilizes SAP Ariba solutions as a key component of its service offerings. Premikati helps its clients with all facets of Procurement and Contract Management, focusing on simplifying complex processes and challenges. To learn more about the company, visit www.premikati.com.

About SAP Ariba

SAP Ariba is how companies connect to get business done. On the Ariba Network, buyers and suppliers from more than 2.8 million companies and 190 countries discover new opportunities, collaborate on transactions and grow their relationships. Buyers can manage the entire purchasing process, while controlling spending, finding new sources of savings and building a healthy supply chain. And suppliers can connect with profitable customers and efficiently scale existing relationships – simplifying sales cycles and improving cash control along the way. The result is a dynamic, digital marketplace, where nearly $1 trillion in commerce gets done every year.

To learn more about SAP Ariba, visit www.ariba.com.

About SAP

As market leader in enterprise application software, SAP (NYSE:SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable approximately 355,000 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.

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