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Finance
The finance industry is diverse, from banks to financial
services and insurance companies. Common to all of these enterprises
is a reliance on the Internet for procurement of indirect
materials. Being a service industry, the finance sector does
not indulge in hard-core procurement activities. The procurement
practice followed in most financial institutions are for procuring
smaller value items. This results in huge and repetitive losses
in terms of time, money and effort.
We provide eProcurement services with integrated solutions
specific to the finance and banking industry. We help bring
down the procurement costs and upgrade the existing system
by making it robust. Our consulting wing also provides solutions
to inherent problems within the existing system after a thorough
round of analysis.
India stands out as favorite when the work needs to be done
in a cost-effective and efficient manner. With an aim to reduce
costs, financial firms are moving towards outsourcing of operational
and management functions. Financial institutions are now prioritizing
core activities they want to keep in-house versus the non-core
activities that will be outsourced offshore. Outsourcing to
India includes gains like low cost labor and high quality
staff accompanied by state-of-the-art processes to handle
outsourcing efficiently. To cater to these needs we offer
services such as India Sourcing and Procurement BPO.
Why 01markets…
We set the strategies to provide better service to customers
by optimizing and standardizing the existing procurement processes.
Through our Sourcing Events, the users find a one-stop
solution to all procurement problems. Our process is transparent
and promotes better involvement of the users. Powered by the
EasySource Dynamic Pricing Engine, we provide an active
participation of buyers and suppliers in the process and allow
dynamic negotiations.
With our EasySource Electronic Tendering Service,
the entire tendering process can be conducted electronically.
This technology increases security and decreases paper work.
As a part of the process, we advertise tenders on our website
and suppliers are then able to register their interest in
tendering electronically. Tender documentation is sent to
potential suppliers in electronic form, who can subsequently
send completed tenders via secure electronic means.
Financial institutions need to capitalize on the Internet
to acquire new customers and cross-sell additional products
to the existing customer base. Our EasySource Procurement
Intranet solution helps achieve this. This eCatalogue solution
provides access to a broad-based catalogue, with a huge listing
of range of indirect supplies.
This solution also integrates reporting, auctioning and payment
acceleration. We have designed the solution to process and
manage transactions across the Internet using secure protocols.
Constant innovation is needed to provide customers with best-practice
financial services. Our consulting services provide customers
with integrated and compelling propositions. The consulting
services include, strategic sourcing that helps streamline
the procurement process, reduce the process cycle time and
cost and also decrease maverick buying.
We also optimize the existing process and integrate it with
the existing system. Bestowed with market expertise and a
vast experience, our consultants help you redefine your business
philosophy and visualize market realities.
Supplier relationship management forms the backbone
of financial institutions. We help build strategic alliances
and help you develop the potential to thrive.
Case Studies
The
finance sector - cashing in on eProcurement
The future definitely seems upbeat - with financial institutions,
small and medium, public or private alike, giving greater
attention to the internet as an efficient means to procure
goods and services, and at the same time, conserve their valuable
time and resources.
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