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5 Steps for Procurement Service Providers (PSPs) to Increase Revenues $ £ $ £

5 Steps for Procurement Service Providers (PSPs) to Increase Revenues

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Page 1: 5 Steps for Procurement Service Providers (PSPs) to Increase Revenues

5 Steps for Procurement Service Providers (PSPs)

to Increase Revenues

$ €£€

$ £

Page 2: 5 Steps for Procurement Service Providers (PSPs) to Increase Revenues

Customers are demanding!

Fast✔✔✔

PreciseTransparent

To address their needs, you’regoing to need to be…

Page 3: 5 Steps for Procurement Service Providers (PSPs) to Increase Revenues

But I’m quick too

And I’m very good

And my prices are great!

✔✔✔

Competition is fierce

Page 4: 5 Steps for Procurement Service Providers (PSPs) to Increase Revenues

Don’t find yourself left behind

Time to UPGRADE

your business!

Our process isfine as it is…

Page 5: 5 Steps for Procurement Service Providers (PSPs) to Increase Revenues

But there’s so much to consider

How do we protect our margins?

There's never time to

differentiate?

How canI retain existing

clients?

How do we add value?

We need toscale tocompete

We needthe tools to make better decisions!

Page 6: 5 Steps for Procurement Service Providers (PSPs) to Increase Revenues

1 2 3 4 5

For companies that buy and sell products and services, growth can be a challenge

Here are 5 steps to increase Revenues withoutinvesting additional time and resources…

Page 7: 5 Steps for Procurement Service Providers (PSPs) to Increase Revenues

Automate your Spend Management

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Cloud spend management platforms are quick to deploy,easy to use and streamline buy-sell processes.

Capture orders & aggregate demand throughprofessional, branded customer catalogs.

Increase user adoption across your business &suppliers - improving customer retention.

Page 8: 5 Steps for Procurement Service Providers (PSPs) to Increase Revenues

Empower your staff

Arm your clients with success metrics proving savings, efficiencies & service improvements to their line managers.

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Time is better spent focusing on client needs, notmanual processes or paperwork.

Give your team the tools to transform transactionlevel data into quantifiable value.

Page 9: 5 Steps for Procurement Service Providers (PSPs) to Increase Revenues

Manage more spend

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Drive transaction volumes & supply chain efficienciesbringing more spend under control.

Extend offering into more complex categories.Standardize more services for custom requirements.Adding more categories of expenditure.

Integrate upstream (buy side) & down stream (supplier side)to automate commodity buying & lock in clients.

Page 10: 5 Steps for Procurement Service Providers (PSPs) to Increase Revenues

Focus on New Business

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Dedicate resources to lead generation & closing deals.Building your reputation through thought leadership.

Discover the competitive advantage of using transactionlevel data from your spend management platform.

Give clients the flexibility to choose from self-serve,assisted buying or a fully managed service.

Page 11: 5 Steps for Procurement Service Providers (PSPs) to Increase Revenues

Share the Love

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Demonstrate to current or prospective clients thevisibility & control available with every transaction.

By enabling your clients to make more informed decisions, you will align with their success.

As a PSP, your spend management platform willbe the the catalyst for increasing revenues.

Page 12: 5 Steps for Procurement Service Providers (PSPs) to Increase Revenues

Case study: Cubiquity Media

55% pa Revenue Growth

Year 1 - Automate

Deploy cloud spend management platform

Free up your team = deliver more

Commoditize & compete for custom spend

Year 2 - Love your Clients

Use data to prove value

Bring more spend under management

Automate supply chain to lock in clients

Year 3 - Share the Love

Use spend management platform & data as your competitive advantage

Provide flexibility & service options

Share data across supply chain = collaborate for success

Page 13: 5 Steps for Procurement Service Providers (PSPs) to Increase Revenues

About ClaritumA class leading Cloud spend management platform provider.

Specializing in frequently ordered, low cost products & services.

150,000 users in 35 countries rely on Claritum to manage US$200m expenditure per year.

Page 14: 5 Steps for Procurement Service Providers (PSPs) to Increase Revenues

See for yourself, what Claritum can do for you…

Don’t take our word for it – Cubiquity are streamlining their procurement through Claritum…

Request: Demonstration

Download: Cubiquity Media Case Study

Page 15: 5 Steps for Procurement Service Providers (PSPs) to Increase Revenues

Come and speak to us: +44 (0)1225 851666claritum.com