The Gainfront Procurement Solution
Gainfront—Smart Procurement
Gainfront’s end-to-end Procurement solution provides organizations with an innovative way to achieve compliance to preferred buying. Through its artificial intelligence and machine learning-driven technology, the Gainfront solution helps businesses by offering exceptional visibility and transparency with accurate and real-time data across all transactions.
The Gainfront platform effortlessly integrates Purchase Order Management, Approval Workflow, and Catalog Management with your enterprise’s other procurement functions, delivering distinguished performance across the entire source-to-settle expanse. Our integrated diversity spend and substantiality reporting enables procurement teams to meet their government and regulatory goals.
Gainfront Procurement Solutions
Supplier Profile AI
Enriched Supplier profile is the secret and most effective weapon for savvy strategic sourcing teams when selecting suppliers for new opportunities. Gainfront’s AI-enabled platform helps suppliers build a better profile. Gainfront’s enrichment and normalization process brings full visibility on supplier profile. It provides historic performance and compliance scores for active suppliers. This allows sourcing teams and buyers to make smart decisions when selecting suppliers for a new RFP or Bid opportunity, thereby minimizing risk.
RFx Integration
RFx describes multiple types of requests. Now, choosing the right requests for your enterprise depends on what your end goal is. Regardless of what your end goal is, Gainfront will help you with seamless Buyer-to-Supplier communication. Gainfront RFx (RFP, RFI, RFQ), a cloud-based solution, transforms communication and negotiation between buyers and suppliers. Now, easily invite vetted suppliers to award bids, start chats, and communicate with your procurement team. All in one place.
Contracts Integration
Select the best bid from your RFx process and send contracts to selected suppliers through Gainfront’s Contracts—from initiation through contract renewal. Powered by AI/ML and OCR technology, Gainfront’s CLM helps customers identify high-risk contracts.
By storing bids, vetted supplier data, negotiated prices, and contracts terms in a central repository, enterprises can sign contracts much quicker, gain suppliers’ trust, and maintain 100% visibility into how contracts affect the bottom line.
Corporate Diversity Spend Goals
Identify diverse suppliers and achieve Tier 1 and Tier 2 diversity goals to increase savings and achieve compliance. Get integrated economic impact reports to measure trends. Use the Gainfront Diversity spend reporting feature to track and analyze your spend with small and diverse suppliers. You will be able to instantly see reports breaking down your spend with businesses that are small, minority-owned, women-owned, veteran-owned, LGBT-owned, Hubzone, and more.
Performance and Sustainability Management
Manage sustainability and other compliance requirements with a robust and comprehensive management solution to manage suppliers’ sustainability and other compliance needs. Gainfront’s integration with the Carbon Data Project (CDP) improves compliance factor and brings visibility on suppliers over compliance management.
Approved Supplier Order Management
Gainfront’s Order-Management with integrated PO and Invoicing eliminates every chance of manual inefficiency in order processing. It is PuchOut2Go enabled and allows buyers to access suppliers from a centralized database. It brings full visibility to buyers on negotiated rates and performance scores on approved suppliers to help make SMART buying decisions . This further helps control indirect and maverick spends across all divisions.
Spendpower To Gain Full Visibility And Control On All Spend
Normalize, categorize, and consolidate your spend data in one single place. Gainfront’s custom Leadership Dashboard for full visibility into spend types—Direct, Indirect, Maverick, & MRO. Also, set limits on indirect and Maverick spend for better control. Get integrated GAP analysis and forecasting to achieve the desired level of performance.
Managing procurement efficiently makes sure that your enterprise runs smoothly. Proper and effective procurement strategies can make sure that all goods and services are acquired with the best business interests in mind. It can also help to save time, money, and resources. And, at Gainfront, we believe we have created one of the best and most effective and intelligent end-to-end Procurement solutions. Get in touch with our team to check out our Procurement solution in action.
The Gainfront Difference
Gainfront offers enterprise agencies an integrated Procurement solution that digitally transforms procurement and supplier relationships, from the RFx process supplier engagement and performance management, diversity reporting, and payment. Gainfront Procurement solution includes Q Spend Management, Gainfront Supplier Relationship (SRM), Gainfront Contracts, and Gainfront Diversity. You can choose to implement one or more of these solutions, which can easily integrate with your existing procurement applications, or one integrated solution that streamlines your procurement process, reduces costs, improves supplier relations, and helps your organization realize additional savings.
- Drive collaboration with your suppliers to improve the supplier experience and reap improved value
- Achieve continuous improvement across the entire Procurement cycle
- Reduce your organization’s procurement cost and optimize procurement savings
- Streamline procurement workflows to improve productivity
- Eliminate discontinuity between contract agreements and performance tracking from various procurement sourcing
- Improve your negotiating stance with suppliers
- Improve your suppliers experience
- Easily execute your corporate minority supplier development plan
- Identify new opportunities by introducing new products and services
- Open multiple channels for goods and services
- Drive more competition in regards to pricing, sourcing, and services
- Improve your organization’s margins and profitability