| | August 201619With the integrated payment gateway system this ecosystem can also close the loop on procurement-to-pay cycle efficientlyand mechanism to manage the flow of physical goods from a seller to a buyer. This solution ecosystem needs to be little customized and tailor-made for the business procurement function focusing on bulk order pricing or price contracting, delivery of goods within the specified lead time. With the integrated payment gateway system this ecosystem can also close the loop on procurement-to-pay cycle efficiently.CPOs and purchase officers should try out the latest B2B E-commerce platform and infrastructure providers to plug this loophole. With a wide network of qualified suppliers and state-of-the-art logistical capabilities, a leading E-commerce organization can source any business need at the best cost and deliver to the "store" at any corner of the country. The in-house team of category experts can provide solutions to any purchase manager's sourcing needs and work as a single-window supply team to consolidate multiple vendors and eliminate the complex and cumbersome workflow of dealing with hundreds of suppliers to manage their indirect or non-strategic spend. The CPOs and the purchase managers can enjoy the best pricing and reduced need of information and communication flow to manage their day-to-day transactions.SaaS ­ The Paradigm Shift from the Traditional Tech-based ApplicationsSoftware-as-a-Service, commonly known as "SaaS" has gained significant momentum thanks to the growing adoption of technology in improving business processes. Fast fading are those days, when large business software and applications were required to be installed in individual computing hardware and operating systems. Now a SaaS, managed through a web-based platform, built on cloud technology and accessed via internet only using a web browser (MS internet Explorer, Google Chrome, MozilaFirefox etc.) eliminates all the cumbersome process of installing software on your local system and running it through a locally set up servers which also entails a lot of time and cost for the businesses. B2B E- Commerce Applying SaaS - The Best Way in Procurement FunctionLegacy Enterprise Software suite like ERPs have so far been the best tools available to streamline the business processes but they are also proving inefficient and limited in utility for many business process areas mainly due to the fact that ERPs have been traditionally managed with the limitation of local installations. The high cost of installations, multiple license requirements for local access ­ all are the problems and inefficiencies arising out of this "Infrastructural gap". It also slows down the technology adoption in procurement function because of its prohibitively high cost and time to install and configure. Though the ERP and procurement platform vendors are making a gear shift towards this direction, the complete benefits of SaaS are far from getting fully realized. Usually all the E-commerce platforms and their business solution suite is completely built on SaaS infrastructure breaking away the traditional ERP and Procurement Software limitations. Any member of the procurement organization can perform all the procurement activities simply from a web browser only. A typical E-Commerce platform integrated with the features of an E-procurement business software suite will be the most powerful business procurement solution ever! Back-end commerce infrastructure offered on a SaaS platform to the purchase managers and officers is the only holistic approach to solve the complexities of a typical procurement function.
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