Optimised order process

Introducing Mercateo as an e-procurement solution significantly reduces the time consumed per process step or even makes steps obsolete:

• An automatic approval flow based on individualised budgets eliminates manual approvals, if desired.
• Mercateo functionality and large product range facilitate demand formulation and assessment.
• About 20% of purchase orders cannot be fulfilled with existing suppliers. Mercateo's large product range reduces/eliminates the need to find new suppliers.
• Converting purchase requisitions into purchase orders is automated.
• Electronic invoices with PO-references make accounting processes significantly more efficient.

Reduced administration

• Creating new vendors, particularly for indirect materials, often costs more that the actual price of the goods. Master-data maintenance across different departments, internal communication and approvals approximately cost half a working day worth €250,- per supplier.
• Managing suppliers includes one appointment per supplier every two years, on average. Registering a new creditor, including preparation, creation and maintenance, costs one working day worth €500,- or €250,- per supplier per year.
• At least 20% of all indirect items are subject to frequent price changes. Consequently, required master-data maintenance involves the procurement and accounting department creating costs of €20,- for 20% of all orders.
• Mercateo makes savings of up to 60% possible. The total savings potential is determined by subtracting the costs of the Mercateo process from the costs of the current process, multiplied by the amount of orders per year.