Summary: Premikati Marketplace bolsters the efforts of CFOs by offering an easy-to-use consumer-style B2B purchasing platform with deep, enterprise-grade spend controls and analysis tools. Premikati offers trusted suppliers with steep discounts on repeat purchases, supplier importing, rebates, automatic approval workflows, pricing thresholds, and money – and time-saving process cost reductions.
If you’re a CFO, you care about your company’s bottom line. If the health, wealth, and profitability of your business is being hindered by less-than-ideal procurement practices, then a marketplace, like Premikati, that offers deep spend visibility and approval controls while also reducing hours needed to manage purchasing tasks may be right for you. Read on to find out how Premikati Marketplace can increase spend visibility and cut costs in your business.
Know Your Sources
Suppliers are the lifeblood of any business, so it’s important to know that you’re using the right ones. What that means will be different for every business. Sustainability, cost, quality, relationships, and contract terms all play a role in maintaining a healthy, visible spend and supply chain.
Because Premikati is underpinned by SAP—a leader in sustainability—CFOs can help ensure a healthy supply chain in terms of social and environmental impact as well efficiency via streamlined processes. What does this mean for your bottom line?
“…the majority of Generation Z (54 percent) state that they are willing to spend an incremental 10 percent or more on sustainable products, with 50 percent of Millennials saying the same.” –Greg Petro on Forbes
Plus, Premikati offers new sources of savings across the board through a high-quality, trusted list of suppliers. Many companies see up to 35% savings on frequently-bought products.
Do you already have a supplier your company trusts? Premikati supports custom catalogs with suppliers you already know with very little overhead to get started.
With Premikati, you not only gain access to a list of reliable suppliers, but also an interface that allows your procurement team to quickly compare prices and aggregate suppliers in one simple, easy-to-use platform.
Reduce Time And Costs
Clunky, outdated buying processes can become time-consuming and burdensome. Every hour wasted on reinventing the proverbial procurement wheel is a billable hour from an employee or contractor, hours that can quickly cut into profitability. Premikati helps you streamline the entire buying process and simplify vendor management, saving you time and money.
Gone are the days of needing a password for every single supplier. Premikati lets users access the entire marketplace from a single user account. That and process automations such as automatic spend approvals can reduce the ad-hoc buying process down to hours instead of days or weeks. Controlled spending also limits costs in predetermined ways that keep spending from spiraling out of control.
Plus, Premikati lets your team quickly and easily see which suppliers they are utilizing for which products and at what price point—this helps reduce buying things you don’t need because procurement wasn’t able to locate a pre-existing contract with a supplier. Easily search product categories and types to see where your money is going or view an automated report at a schedule set by you.
Beyond the 35% savings seen by most companies on products they use often, most also receive a typical rebate of 1% on all Premikati purchases made with your P-card—a system which, itself, reduces unexpected costs.
Control Your Spend
Spend controls with Premikati are as simple as ever. The P-Card lets you set exactly how much can be spent ahead of time. Automated approval workflows and reporting, user access controls, the ability to control specific commodities as well as create price thresholds make spend control and analysis easier than ever before.
Premikati balances the ease of a consumer-grade platform such as Amazon with deep, enterprise-grade control, analysis, and automation tools. This makes for a fast, reliable, and truly visible purchasing experience that increases profitability by cutting costs and heavily reducing time expenditures over analog processes and disparate toolsets.
About Premikati
Get what you really want from your purchasing software. The Premikati Marketplace offers procurement that is as intuitive as online shopping with the robust data of Fortune 100 companies and extensive customization options, all with no IT required and no commitment.
You can order what you want—where, when, and how you want it. Diversity filtering? Sure thing. Support local? Absolutely. We even support custom catalogs and customer-specific vendors.
Merge that with full spend control and visibility, real-time reporting and analytics, custom approval flows and automation, and you’ll find a best-in-class software that’s tailor-made for small- and medium-sized enterprise businesses.
Premikati scales seamlessly with your business with no impact to end-users and no additional training required. We have prices to fit every budget, and we can have you up and running in hours.
All of this with white-glove customer service included at no charge, so you can always trust you can talk to a real person when you need them.
Don’t settle for anything less. Contact us today!