TALLINN, Estonia--(EON: Enhanced Online News)--While modern ERP and CRM tools have helped the sales function in companies to gain better oversight and work more efficiently to bring in money, the procurement process has fallen behind.
“The procurement process is outdated and falls behind the e-world we live in, with many companies still laden with paperwork, bureaucracy, corruption and bribery”
DeltaBid, an e-procurement solution standardizes the tender process, cuts out paperwork and helps companies save thousands of euros/dollars. While e-procurement is used in only five to 10 percent of procurement procedures carried out across the EU, the game’s changing. By mid-2014, electronic communication will be required for certain phases of the procurement process (electronic notification of tender opportunities and electronic availability of tender documents).
“The procurement process is outdated and falls behind the e-world we live in, with many companies still laden with paperwork, bureaucracy, corruption and bribery,” said Erkki Brakmann CEO, DeltaBid. “Procurement directly affects a company’s bottom line (profit), while sales affects it indirectly. If a company saves $1m in procurement, the profit increases the same amount. In sales, with a profit margin of 10%, the company has to increase revenue by $10m to achieve that same profit.”
With DeltaBid a company can quickly set up a modern and efficient procurement process based on:
- Ease of use
“DeltaBid has considerably enhanced the efficiency of our procurement processes on gas line construction and renovation works by making it more transparent and creating bigger competition between suppliers,” said Roman Bogdanovits, CEO, Gaasivõrgud, Estonian Gas distribution network operator. “We saved 300,000 euros last year, which represents five percent of our total investment. We now use DeltaBid to conduct competitive tenders on all work and with the same rules, giving suppliers more trust and transparency.”
DeltaBid, formerly Liitu, is an e-procurement solution that’s as easy to use as email. DeltaBid replaces the inefficient “email and Excel” procurement methods with a standardized, transparent tender process that gives easy oversight of all tenders. DeltaBid’s e-procurement solution helps companies manage tenders in real time and provides instant oversight, control and transparency for both buyers and suppliers. Founded in 2012 and based in Estonia, DeltaBid’s clients include Gaasivõrgud, Vox Supply Chain, ABB, Eltel Networks, Tele2, T-Tammer and Danpower. For more information, visit www.deltabid.com, follow DeltaBid on Twitter @DeltaBid.