Consus Global, Inc.: Transforming Procurement through Source-to-Pay Solutions and Services
Shantanu Bhowmick, Chairman & CEOConsus demonstrates its ample experience record through its flexible services that range from aiding companies with implementing an S2P solution to helping them in individual procurement steps like sourcing strategies, enabling supplier collaborations, spend analysis, and legacy contracts management. Driven by a vision that extends beyond value delivery to its clients, the company believes in rapid innovations and solutions delivery along with bringing greater business alignment of its clients. The company helps its clients realize their source-to-pay vision by implementing, supporting, and enabling cloud-based S2P technologies or custom solutions. Clients have reported a reduction in cost by 5-25 percent and have also stated a reduction in procure-to-pay (P2P) cycle times.
The solutions and services availed have also reported to increase transparency and promote collaborations, while allowing companies to maintain higher compliance and strengthen supplier collaborations.
For the implementation of an S2P solution, the process of adopting the solution plays a crucial role. Clients’ ability to integrate complex systems, the maturity of their existing systems, and the flexibility of these systems along with a deep understanding of the system are vital for effective adoption. Clients across industries favor Consus’ no-frills governance approach to helping clients with the implementation. With an implementation team that packs over 15 years of experience cloud-based solutions, the company provides a smooth implementation process through its expertise-driven services. Consus has modularized the offerings of its technology partners and the reason behind this design is to ensure that clients gain their exact requirements. With modules ranging from spend analytics, invoicing, planning and budgeting, travel and expenses, and sourcing, to supplier management, payment, and reporting, Consus provides services throughout the spectrum of functions in procurement.
Consus adopts a client-centric approach to ensure that their demands are satisfied. It begins by providing client access to an out-of-the-box system. Through multiple sprints, the system is configured and newly arising requirements are resolved. Consus’ team will then integrate the configured system with the client’s existing systems while providing one-off migration of all the data from the client’s existing systems. Consus then subjects the solution through various stages of testing to ensure the robustness. In the final step, the company allows the client’s users to attune with the newly integrated S2P solution through change management in the form of training to boost organization learning.
A case in point, a leading hotel chain identified that conventional sourcing methods had limited impact on cost reductions due to massive fluctuations in the market. With an objective to streamline its sourcing processes and lower overall costs, the company adopted an e-Sourcing solution with Consus’ help. Within a span of months, the company extended its strategic sourcing to multiple categories and realized savings that exceeded the projected numbers. Consus continues to engage with more clients globally and its implementation strategies, broad experience, and expertise will continue to drive revenues through procurement for modern businesses.
For the implementation of an S2P solution, the process of adopting the solution plays a crucial role. Clients’ ability to integrate complex systems, the maturity of their existing systems, and the flexibility of these systems along with a deep understanding of the system are vital for effective adoption. Clients across industries favor Consus’ no-frills governance approach to helping clients with the implementation. With an implementation team that packs over 15 years of experience cloud-based solutions, the company provides a smooth implementation process through its expertise-driven services. Consus has modularized the offerings of its technology partners and the reason behind this design is to ensure that clients gain their exact requirements. With modules ranging from spend analytics, invoicing, planning and budgeting, travel and expenses, and sourcing, to supplier management, payment, and reporting, Consus provides services throughout the spectrum of functions in procurement.
Consus adopts a client-centric approach to ensure that their demands are satisfied. It begins by providing client access to an out-of-the-box system. Through multiple sprints, the system is configured and newly arising requirements are resolved. Consus’ team will then integrate the configured system with the client’s existing systems while providing one-off migration of all the data from the client’s existing systems. Consus then subjects the solution through various stages of testing to ensure the robustness. In the final step, the company allows the client’s users to attune with the newly integrated S2P solution through change management in the form of training to boost organization learning.
A case in point, a leading hotel chain identified that conventional sourcing methods had limited impact on cost reductions due to massive fluctuations in the market. With an objective to streamline its sourcing processes and lower overall costs, the company adopted an e-Sourcing solution with Consus’ help. Within a span of months, the company extended its strategic sourcing to multiple categories and realized savings that exceeded the projected numbers. Consus continues to engage with more clients globally and its implementation strategies, broad experience, and expertise will continue to drive revenues through procurement for modern businesses.
