In April 2022, Procurement Magazine, Supply Chain Digital and Bizclik Media Group returned to London’s Tobacco Dock to host our second Procurement & Supply Chain LIVE.
Dubbed ‘The Risk & Resilience Conference’ the two-day hybrid event featured keynotes, roundtables, Q&As, and networking opportunities with inspirational and knowledgeable leaders in the procurement and supply chain space.
JP Moulin is COO of Prenax, the only global corporate specialist for centralising and managing information resources. He delivered a keynote entitled Centralising Subscriptions & Memberships for SAP Globally, in which he discussed how the company is working with SAP to provide consolidated global reporting around subscriptions and memberships for its customers.
Prenax offers unique procurement service around memberships
Speaking generally around Prenax’s offerings, Moulin said: “Prenax is involved in subscription and management for group and professional memberships, books and ebooks and group licences. Our customers include nine of the world’s top ten investment banks, all of the top ten pharmaceuticals, and most of the law firms. We are the world’s only global corporate specialists in terms of managing this area of spend.
“Subs and membership management is a space nobody else really wants to be in. This is because most of the companies involved in procurement and supply chain are software firms or tech startups, whereas we provide a service. Although there is a tech element to what we do, the backbone of Prenax is in providing a hands-on approach.
“We provide a single point of contact. We integrate with e-procurement and manage the suppliers. And this is why first and foremost we’re an old fashioned service. It’s a lot of work and is very difficult to master. You have to capture the data and consolidate resources, identifying where any wastage might be.”
£The toughest part of the job is having to educate businesses about why they need us. As I say, many businesses have no idea what they spend on professional memberships and subscriptions, it’s just a big unknown, which means often there’s no urgency to address it.”
