LAKE Procurement solutions cover all aspects of the source to pay cycle, including Sourcing, On-boarding and Supplier Management, Contract Management, Content Management, and of course Purchase to Pay.
Solutions can be implemented in a standalone capacity or they can form part of a broader, integrated solution.
Replace manual systems for purchasing and supplier management with a more efficient web and app-based solution.
Ensure that all purchases are properly authorised and sourced from approved suppliers.
Template the creation of sourcing projects to ensure accuracy and compliance.
Improve visibility and transparency of process for all suppliers and colleagues.
Streamline supplier qualification with questionnaires, response formats, and pre-defined scoring.
Automate supplier evaluation, allowing for override where appropriate.
Monitor on-going performance via KPIs and internal scoring.
Ensure suppliers keep critical information up-to-date with the help of automated notifications when key documents such as audited accounts or insurance certificates are expiring.
Connect colleagues and suppliers to a single source of accurate information on suppliers and their contracts.
Centralise supplier communication and maintain a full audit trail of all communications.
Share the workload and improve the accuracy of information by inviting suppliers into a comprehensive supplier portal where they will maintain key pages of information, upload and renew important documents, and respond to questionnaires and sourcing opportunities.
You've heard that SunSystems Cloud is a market leading financial management solution for the Education sector. But is it suitable for your organisation? Download this guide to find out.
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