Combuyit, which was founded in 2016, is intelligent, cloud-based, algorithmic tech-procure management system helping procurement groups globally increase profits, get rid of operation setbacks, reduce turnaround times and secure additional savings. Furthermore, procurement experts developed Combuyit platform for procurement experts and it aims at computerizing the entire procurement process. Our goal is to reduce and end the skill gaps in the world. It is the best solution to help you throughout the procurement process. It’s intended to speed up and assist procurement professionals, helping them to switch smoothly between similar tasks. It improves cost savings, productivity, time management and visibility.
It accelerates purchasing activities by automating them, which reduces the workload of your procurement department. We expand on this inbuilt adaptability with insightful, instinctive system. So, our instruments inspire clients quickly, with no load of comprehensive re-preparing. Innovative, automatic interfaces increase the speed of learning and adapting, as well as improve client efficiency and fulfillment from the first day.
The platform is an answer to your every query, helping you to make the best decisions. It does all the work for you throughout the business decision process. This improves the business for the buyers as well as the sellers.
PROCUREMENT IS NOW SIMPLE AND COST EFFECTIVE.
|Combuyit platform||Other buying corporations||Retailer Management Software||In-house buying organization|
|Best prices net prices|
|Aggregated Buying Power|
|Retailer Pricing Controls|
|Buying and Selling Transparency|
|Consolidated Shopping Cart|
|Set Employee Budgets|
|Security - Blockchain|
HOW CAN COMBUYIT PLATFORM HELP ME?
The accomplishment of any product relies on the fact that it is so simple to be used and integrated. A product that is great, extensive and useful, yet perplexing and hard to use can almost never drive the anticipated proficiency and business outcomes. Yet, it’s not simply the usability that matters. In the present world of consumerism based on applications, venture clients are expecting similar characteristics from the applications they use. They should have practical, simple user interfaces and navigation easily understood by the users.
BOOST EFFICIENCY AND DRIVE HIGHER ADOPTION
Combuyit client driven plan and wise, self-explanatory interface helps users adopt it and be compliant when dealing with all procurements processes.
DESIGNED FOR PERFORMANCE. DESIGNED FOR SUCCESS
Combuyit Platform depends on innovative design and usability norms with a client-driven base. Easily used, but far-reaching in ability, Combuyit allows you to save substantially and work without any knowledge about the platform. The selection of colors and text styles for enhanced accuracy simplify navigation based on regular procurement processes. Combuyit is as ground-breaking and effective as it is anything but difficult to use. Great, complex, completely operative procurement platform that is as any purchaser item, with an inbuilt appealing interface and a positive client experience. Consider it a procurement program that is simple, serves its purpose and enjoyable to use. That is Combuyit.
A catalogue displays information about services or a product that is presented by suppliers. A Combuyit developed AI provides product name along with the descriptions, costs, and grading. With it, you can remain up to date about the value of your product along with alternating prices and new products. You can also make certain that the same product has the same price. Our e-catalogue easily links you to the suppliers around Europe. It works by drawing data from online networks and into the request you have sent. In this way, you can buy a product while also assessing its value by examining different suppliers providing the same product.:
Sending out RFPs and RFQs has never been easier. This feature allows you to view the needed items and then make a request for suppliers who then answer to it on the portal. And accordingly, you can analyze the information related to the supplier and the prices on the same dashboard. A purchase request contains details of what the users need, its quantity and how frequently they need it. It also allows employees to track the progress of their request.
HOW RPA IS HELPING OUR CLIENTS?
AI AND MACHINE LEARNING
Combuyit platform is created for the digital age. The basis of Combuyit is the artificial intelligence and machine learning that do all the work. It efficiently and effectively improves the results, helping you make better decisions. AI has impacted all business domains immensely. Combuyit has an inbuilt AI system at its core which allows it to execute functions across a wide spectrum which covers business processes like invoice organization, purchase order, and spend analysis.
AI: NEW TECH CREATES NEW CAPABILITIES.
In today’s time, procurement teams are expected to produce more cost savings, new strategies, more information and new sources of profit. This put them under a lot of pressure. And to add to this pressure, usually there’s no increase in the number of team members and the deadline. There is a huge volume of workload and its time that artificial intelligence is introduced to share the workload.
Combuyit helps these teams to take advantage of powerful artificial intelligence technologies and focus their attention and hard work on the company’s strategic value. While leaving purchasing activities to artificial intelligence systems.
REAL GAINS WITH ARTIFICIAL INTELLIGENCE.
Combuyit aims to be at the forefront in the revolution of AI. Combuyit has intuitive AI capabilities that help carry out functions across a wide range of source to pay processes which include spend examination, sourcing, invoices and purchase orders .
BIG DATA ANALYTICS
BENEFIT IMMENSELY WITH BIG DATA
With Combuyit’s big data analytics for procurement, acquire actual, important information to make decisions based on facts.
Big data? Big deal. In procurement companies, large volumes of data are produced, and they are stored among a variety of systems, applications and locations. However, how does a company manage and operate this much data? And how is a company able to use all this data effectively to plan and make decisions? In the past gathering data was based on operations, transactions and associates, using difficult and lengthy procedures that were obviously too time consuming. But today with big data, external as well as internal, and systemized as well as unstructured data is collected through automatic processes that are both efficient and effective.
HAVING DATA IS A GOOD THING…
Possessing data is a useful detail; however, Analytic potential will revolutionize the competition. It will allow procurement companies to understand the importance of volumes of data that is systemized and unstructured and take the business to a whole new level.
DRIVING DECISIVE INSIGHTS
Analytics help integrate inward information sources; for example, spend information, contact information and supplier relationship management information; with outer information sources, for example, provider databases, it gives a supplier market data whenever and wherever.
Combuyit gives companies advantage in market by enabling them to use innovative tools for analysis of information that is structured and unstructured. Our employees work with you to construct the required framework, i.e. individuals, technology and procedures to help you with your plans about big data.
APPLYING ANALYTICS TO PROCUREMENT.
Using our platform procurement businesses can easily do both current and specific analytics in the following fields:
Self-Service Analytics and Reporting – Enables procurement to create reports and perform an examination of spend, supplier base, compliance, and other spend-related details.
Predictive Analytics – Assists planning, arranges or gives the most probable built on real conditions. Procurement can predict spend using expected changes in the business and pricing nased on external variables.
Scorecards – Easy-to-understand, immediate graphical depiction of performance outcomes of procurement dependent on an group of efficiency and effectiveness metrics. This allows you to make decisions based on information.
Risk Analysis – Finds business dangers for the supplier base, including compliance risk, pricing risk, risk related to locations, catastrophy risk etc. Furthermore, it describes preventive measures and identifies countermeasures to manage these situations effectively.
Data Mining – Examines a lot of data to find patterns that offer important knowledge. Procurement can even more comprehend external pricing patterns, supplier performance and spending.
Slice-and-Dice Analysis – Analytical instrument that shows information depending on the chosen criteria. Procurement can analyze spend data by supplier, category and location.
WHERE IT MATTERS.
Big data and analytics can go one step further with the guarantee of transformative changes in procurement. Companies can use Combuyit’s expertise to get a significant information to reach desired business results. Our one of a kind mix of predictive examination, big data and report structures provide more reliable information, minimizing costs because of better control and higher perceptibility.
BIG DATA ANALYTICS.
With the help of Combuyit, you can analyze data to reap its benefits and gain knowledge that encourages you to plan more effectively in the future.
ROBOTIC PROCESS AUTOMATION.
FASTER. FLEXIBLE. FUTURISTIC.
Combuyit uses the benefits artificial intelligence as well as machine learning to execute and complete repetitive and laborious tasks in a couple of seconds.
ROBOTIC PROCESS AUTOMATION
A new software that is able to immitate what humans do and carry out easy to difficult duties was created by the recent progress in the computerization of processes. In the lead of this advancement is Robotic Process Automation. RPA is a type of process automation technology that can be used to manage labor-intensive and monotonous tasks. RPA also involves the role of artificial intelligence and machine learning potential in the software in order to complete those tasks that involved people intevening.
WHAT IS ROBOTIC PROCESS AUTOMATION (RPA)?
- RPA involves the application of technology that facilitates the design of a software structure, program, application, or bot to execute certain monotonous actions like handling transactions, data modification and starting a response, in an automized way.
- As indicated by the Institute of Robotic Process Automation (IPRA), RPA is the use of technology that enables people in an organization to design PC software or a “robot” or ‘bot’ to attain and decipher existing applications for preparing transactions, starting a response, managing data, and interaction and connecting with other advanced frameworks.
- Designed for procurement, RPA performs a key job in automating value-based procure-to-pay procedures and carrying out straightforward bidding transactions by influencing controls and precise business rules, in order to offer important benefits related to expense and efficiency. Everest study it was shown that RPA can minimize the cost by 35-65 percent for onshore delivery activities and 10-30 percent for offshore distribution activities.
- RPA learning innovations incorporated in Combuyit allow companies to enhance the process effectiveness and discover extensive savings funds by increasing precision, reducing the required time for transactions, getting rid of errors caused by people and thus greatly decreasing the number of team members.
RPA CAN PROVIDE SIGNIFICANT BENEFITS IF THE PROCESS IS:
- Substantially monotonous and labor intensive.
- Instruction built.
- Traditional involving the input of data.
- Susceptible to error.
- Periodical or changable amount of workload.
- In need of assistance outside office environment.
- In need of broader ERP system modifications.
- In need of improved compliance and boosted rate of accuracy
RPA WITH COMBUYIT PLATFORM – A GREAT RETURN ON INVESTMENT.
Combuyit with Robotic Process Automation assists the business in increasing the efficiency of front office assets while reducing the remaining duties of back office assets. The substantial productivity gains of these assets can be evaluated over as less as a one-year venture period. Truth be told, increased effectiveness by means of bots can explain the surplus of 200 percent onshore savings when contrasted with a insignificant 10 percent for offshore teams. The bots can be programmed to work 24 hours a day, with more success and not even requiring a need to rest or stop, thus guaranteeing steady and predictable operations year after year. Combuyit’s robotic systems can report, self-assess and automaticall create exception reports and audit records. It has the ability to connect with numerous programs and frameworks to gather information for handling, reporting and examining. Due to the cloud, Combuyit is a unified software, allowing automated work anywhere at any time. Additionally, proper procedures guarantee that your information will consistently follow regulatory compliance and less human involvement will lower the possibility of a mistake.
ROBOTIC PROCESS AUTOMATION (RPA)
The creation of AI has somewhat made life easier for a man. Because now you can add AI to save your employees and team members timer considerably. And free them of repetitive tasks.
AUTOMATE YOUR PROCUREMENT CYCLE
WE RECOGNIZE THAT COMPANIES, AND THEIR EMPLOYEES ARE THE MOST VALUABLE RESOURCE ON OUR PLANET.
In this world of advancing technologies, all the dealings are done online, and so the old methods cannot be used. And also Buying and selling is not just done without any planning. Combuyit is a procurement platform that helps both the buyers and the sellers.
The blockchain is an excelling technology that will be a significant addition to global B2B exchanges. The influence of blockchain on supplier management, procurement and supply chain could be extremely important.
TRANSFORMATIVE. TRANSPARENT. TRACEABLE
Secure your purchasing process using blockchain technology. Always be ready for the future with the help of Combuyit procurement software.
WHAT IS BLOCKCHAIN?
Blockchain technology enables you to make a decentralized register of all records of all purchasing and selling activities. This enables participants to approve transactions without the intervention of a third party.
Using best coding method in order to keep all purchases safe and secure, blockchain provides a virtual register of purchasing and selling activities without the help of a third party. A database of digital items that is both safe and secure could transform the worldwide economy.
Blockchain has the capability of revolutionizing all digital transaction related activities including those related to procurement and supply chain. A distrbuted database that contains a complete history of transactions, blockchain and its related usages could completely change how supply chains work.
Including transactions, following products and resources, the blockchain should introduce another level of trust and straightforwardness in supply chains at the same time allowing the procure-to-pay procedure to discover large operational boons. Analyst firm Gartner stated that blockchain is at the beginning of its “hype cycle.” They also said that this technology will be efficient and useful in the following 5 to 10 years.
POTENTIAL IMPACTS AND BENEFITS.
Blockchain-based technology has high potential, a wide spectrum of applications for supply chain and procurement.
Smart Contracts – Blockchain allows construction of secure and intelligent contracts that apply the terms and conditions of multi-party contracts. Smart contracts have the capability of self-approving their own conditions and also execute them by sending payments to the other party. Contracts could be made to contain different parties from a whole supply chain with the terms and value completely included from end to end, and the application of all conditions written in the contract and completely visible to the chain.
Enhanced Purchase Order Management – Order validation and approval, invoice processing, multi-way matching and the entire request-to-receipt process could be radically enhanced through the application of blockchain. Any change at any part of the process will automatically create an exception reducing the total time to completion and permitting much greater automation of transactions.
Upgraded Purchase Order Management – Order approval and endorsement, receipt preparing, multi-way coordinating and the whole demand to-receipt process may well be profoundly improved through the utilization of blockchain. If there is any alteration at any portion of the procedure, then that will naturally make an exemption, decreasing the aggregate time to finishing it and allowing significantly more prominent mechanization of exchanges.
Supply Chain Visibility and Traceability – Blockchain will allow the user to guarantee traceability and originality of all merchandise in purchasing operations. Verifiable audit trails of suppliers’ items will be set up. Private supplier data like cerificates and accreditations will be protected from any type of illegal actions.
Real-Time Settlement – Blockchain-based contracts and requests might naturally lead to pre-agreed payments after the end of a transaction.
INNOVATION THAT MAKES SENSE.
The Combuyit platform is exactly what you need. It is comprehensive, all its functions are at one place and its interface is simple to use and well-designed.
With Combuyit’s adjustable purchasing options you can efficiently enhance the purchasing process.
Combuyit has a feature which enables you to view immediate cost savings of your company and their consequences. This eliminates any sign of errors in collecting and calculating data.