Buy-Side Marketplace Solution: Case StudyThis solution is currently widely adopted. It is offered as SaaS based, so there is no need for software installations, servers, or IT support. We punch out to supplier hosted b2b sites so there is no costly catalog maintenance. It is matched with top customer service. It is intuitive and built to please your community.
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System Overview
The solution focuses on strategic suppliers with whom you have established relationships with and do the most volume. This would include office supplies, lab supplies, PC’s and electronics, MRO, and travel. We create connections for electronic orders and invoices, creating zero error rates. Maverick buying is reduced without mandates. Fewer p-cards need to be issued. Reporting is increased. There is no need to manage catalogs.
End to End Process
The system is the Sollod Technologies Marketplace (Marketplace) and is operated by Sollod Technologies (ST). End users are set up by the buying organization in the admin console, which can be accessed by anyone setup with an admin account. The first admin account is set up by ST and provided to the buying organization.
Variations of this solution are currently in use at dozens of schools. We've also implemented it at F500 corporations and government organizations.
End users login to the solution, either via username/password or single login. They come to a page where they see the logos of all the suppliers they can to buy from. They click on a logo, say for office supplies, and they go to their site. There they see a catalog with your prices and products. They fill up their cart as with any e-commerce site. The user skips the supplier’s checkout process. The cart comes back into the marketplace.
There the user adds accounting and shipping information. Then it goes through the approval process you defined. This allows for a consistent checkout procedure across all suppliers, and eliminates errors. The purchase order is electronically submitted to the supplier. Electronic invoices come back and the system matches against the PO’s.
There is an administrative console. It allows you to manage users, accounting and shipping information. You can change the settings, and create reports for spend management and visibility.
The system checks eInvoices for accuracy. The system notifies suppliers of errors for resolution. The system sends correct e-invoices securely to you for upload into your ERP system.
Variations of this solution are currently in use at dozens of schools. We've also implemented it at F500 corporations and government organizations.
End users login to the solution, either via username/password or single login. They come to a page where they see the logos of all the suppliers they can to buy from. They click on a logo, say for office supplies, and they go to their site. There they see a catalog with your prices and products. They fill up their cart as with any e-commerce site. The user skips the supplier’s checkout process. The cart comes back into the marketplace.
There the user adds accounting and shipping information. Then it goes through the approval process you defined. This allows for a consistent checkout procedure across all suppliers, and eliminates errors. The purchase order is electronically submitted to the supplier. Electronic invoices come back and the system matches against the PO’s.
There is an administrative console. It allows you to manage users, accounting and shipping information. You can change the settings, and create reports for spend management and visibility.
The system checks eInvoices for accuracy. The system notifies suppliers of errors for resolution. The system sends correct e-invoices securely to you for upload into your ERP system.
