Advanced Business Solutions (ABS) has signed a strategic partnership with leading e-procurement solutions provider, Science Warehouse, focusing initially on the Higher Education (HE) sector. The agreement allows ABS to provide its customers with Science Warehouse's e-Marketplace suite of catalogue-based purchasing and transaction management solutions for enhanced visibility of spend and greater financial control. Science Warehouse's e-Marketplace solutions, which will be seamlessly integrated into ABS' financial management system, create a complete on-demand procurement portal between organisations and their suppliers for rapid electronic ordering and invoicing through a fully managed catalogue.
This partnership will enable ABS' customers to benefit from maintaining tighter financial control over their supplier contracts to drive compliance and obtain best-value purchasing. Science Warehouse's e-Marketplace also generates comprehensive business intelligence information which provides accurate and in-depth spend analysis to help organisations identify and monitor financial hotspots to achieve year-on-year cost savings. These reported benefits include an average 11% cost reduction on annual purchasing spend in addition to an 85% reduction in order processing costs.
Steve Kerridge, Managing Director of Science Warehouse, says, 'This partnership will combine the strengths of our market-leading solutions with ABS' excellent reputation to create a compelling proposition. ABS' strong customer base will offer us a complementary route to market so that a growing number of institutions can benefit from our solutions to streamline their procurement processes and achieve greater purchasing power.'
Dean Dickinson, Managing Director of Advanced Business Solutions, comments, 'The integration of Science Warehouse's e-Marketplace solutions into our financial management system provides users with an easy-to-use yet powerful spend analytics tool so they can better understand their purchasing patterns. This 'best of breed' partnership will deliver our customers with significant cost savings to allow them to maintain stricter financial and quality control over their expenditure.'
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