CHAMPS Group Purchasing is partnering with Procurement Partners, which works in procure-to-pay (P2P) solutions, to provide a new service for suppliers, a press release says.
The service will “drive the efficiency of purchasing, invoicing and auditing for both members and suppliers of CHAMPS GPO,” the release says.
Procurement Partners’ services work to implement flexible proprietary software to help manage every kind of software development, integration, implementation and support all on one location, “providing service on every level,” the release says.
CHAMPS members will be able to access benefits like ordering controls via increased compliance with contracts, electronic order approval workflows and more transparency for any purchase, with the adoption of a P2P system enabling more automation and cost containment benefits. The result, the release says, is average savings of 10 percent or more.
In addition, CHAMPS’ vendor community will be offered faster invoicing processes to make sure they’re streamlined and consistent month to month. The release says the improved invoicing will help with improving payment timelines, reducing risk and cutting administrative costs.
Tracy Wise, CHAMPS vice president, said the company knew its GPO members were looking for top-quality services.
“Our GPO members are looking for savings that go beyond commodities to operational savings which impact their bottom line,” Wise said, according to the release. “We are serving member needs and helping connect suppliers of all sizes to our membership for the health of the entire supply chain.”
Rusty Zosel, Procurement Partners chief executive, said the company looked forward “to bringing significant cost savings, compliance, and efficiencies through automation to them for years to come.”
According to GEP’s Director of AP Automation Dmitriy Lerman and Director of Product Marketing Paul Blake in a conversation with PYMNTS, quality procurement digitization will come through companies adopting services in more piecemeal manner, supporting integration capabilities but not just adopting one new platform in bulk. That, according to them, makes it so departments with conflicting needs can have those needs serviced.
