The spend management solution for digital transformation of purchasing and finance processes
What are the benefits of Onventis Buyer?
Cost Reduction & Avoidance
Process Cost Optimization & Automation
Compliance & Avoidance of Maverick Buying
Risk Mitigation & Security of Supply
Transparency & Analytics
Onventis Buyer helps purchasing and finance departments to automate costly and repetitive processes and to add substantial value to overall business success. Manage your business spend from supplier management and sourcing to contract, purchase, invoice and expense management. Our cloud-based applications automate strategic, tactical and operational procurement tasks including subsequent finance processes like invoice processing based on robotic accounting.
Intuitive user interfaces guarantee quick acceptance with your users. All transactional and master data involved in the procurement process are seamlessly integrated into your ERP-system. Your purchasing workflows are consistently optimized, and your suppliers are integrated into your processes. Digitalized and automated processes guarantee more time for strategic tasks, increase the quality in procurement, and reduce your process costs.
Procure to Pay
The Onventis procure-to-pay (P2P) applications streamline all processes of requesting (requisitioning), purchasing, receiving, paying and accounting for goods and services. The system automates the full purchase-to-payment process, connecting procurement and invoicing operations for purchase order (PO) and non-PO spending. Key benefits are increased financial and procurement visibility, efficiency, cost savings and control.
Source to Contract
The Onventis source-to-contract (S2C) applications provide efficient solutions for supplier selection, requests for information/quotation/proposal (RFI, RFQ, RFP), tenders, auctions, and contract management. Your organization achieves lower overall costs, higher operating profits, better contractual terms and conditions, real-time insight into contracts and financial liabilities and, last but not least, value contribution to innovation through strategic sourcing.
The Onventis supplier management applications digitalize the entire process of finding, qualifying, classifying, evaluating, and developing suppliers. Supplier master data, which can optionally be linked and synchronized with the Onventis network, include detailed company information as well as classification data of products and services. The key benefits are risk mitigation, security of supply, and compliance with regulations, laws and sustainability goals.
The Onventis Core applications offer holistic solutions across the entire procurement cycle. In addition to mobile procurement, workflow automation and document management, purchasing organisations can also access comprehensive analytics functionalities and ERP integration options in the Core area. This results in a wide range of benefits for companies for the individual optimisation of procurement processes.
What Customers and Analysts say about Onventis
While we have covered over a dozen providers with source-to-pay capabilities, and a dozen more with either S2C or P2P that can be combined with their brethren to provide full S2P capability to a client, we find Onventis to be one of the few breaths of fresh air we have covered in recent years. First, it is one of the few providers in the space that is fully focused on the mid-market. Second, Onventis can support an organization’s indirect, services and direct sourcing needs, which not all platforms can.
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