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Average Ratings 0 Ratings

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features
design
support

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Write a Review

Description

Revolutionize your approach to planning, managing, and reporting on procurement performance with our innovative Savings Manager, ensuring that your benefits accumulate effectively. Efficiently overseeing cost reduction initiatives and documenting their advantages can often be challenging, which is precisely why we created the Savings Manager. Currently, over 6,000 procurement experts globally rely on this tool to streamline their cost-cutting efforts, leading to enhanced procurement outcomes. Managing your procurement savings has never been simpler. Begin by utilizing the user-friendly interface to input your cost reduction strategies and develop a comprehensive savings pipeline. Transform those strategies into actionable projects complete with timelines while regularly updating your forecasts and budgets. Stay organized by tracking your projects through Gantt charts, setting milestones, and assigning tasks. Secure necessary approvals from stakeholders at critical junctures within the system to maintain a transparent audit trail. Finally, leverage our fully customizable reporting features to present detailed savings information across your organization, ensuring everyone is informed about the financial impact. This holistic approach empowers procurement professionals to drive significant value through effective management and reporting.

Description

The procurement of contracts based on milestones, deliverables, and hourly rates presents distinct requirements. These may arise from varying geographical locations, operational sectors, business divisions, or legal and regulatory obligations, making supplier engagement and management a complex task. To address these challenges, Covendis has created a Vendor Management Solution (VMS), which is a user-friendly and adaptable web-based platform designed to facilitate the easy engagement and management of Statement of Work (SOW) suppliers for companies and organizations. By enhancing, standardizing, and automating the complete source-to-pay process, businesses can significantly improve their visibility, control, and achieve tangible savings. The Covendis system empowers organizations to easily upload milestones and deliverables from conventional project management software, like Microsoft Project, or utilize our predefined templates. After the upload process is complete, the system effectively manages the entire requisition through to payment in a closed-loop framework. Moreover, if adjustments are necessary, clients can conveniently update their project plans by re-uploading them into the system. This efficiency not only simplifies the management process but also fosters better collaboration among stakeholders.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) Yes 
In Person Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

Provalido

Founded

2013

Country

United Kingdom

Website

www.provalido.com

Vendor Details

Company Name

Covendis Technologies

Website

www.covendis.com

Product Features

Procurement

Asset Management No 
Auction Management No 
Bid Management No 
Budget Management No 
Catalog Management No 
Contract Management No 
Inventory Management No 
Invoice Processing No 
PunchOut No 
Purchase Order Management No 
Receiving No 
Requisitions & Approvals No 
Sourcing Management Yes 
Spend Management No 
Supplier Management No 

Project Management

Agile Methodologies No 
Budget Management No 
Client Portal No 
Collaboration Tools Yes 
Cost-to-Completion Tracking No 
Customizable Templates Yes 
Gantt Charts Yes 
Idea Management Yes 
Kanban Board No 
Milestone Tracking Yes 
Portfolio Management No 
Resource Management No 
Time & Expense Tracking No 
Traditional Methodologies Yes 

Product Features

Procurement

Asset Management No 
Auction Management No 
Bid Management No 
Budget Management No 
Catalog Management No 
Contract Management No 
Inventory Management No 
Invoice Processing No 
PunchOut No 
Purchase Order Management No 
Receiving No 
Requisitions & Approvals No 
Sourcing Management No 
Spend Management Yes 
Supplier Management No 

Alternatives

Alternatives

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