VENDX USP
Inside Vendx
Powering the procurement process, VENDX comprises of various engines. These components come together to seamlessly integrate with your current sourcing environment.
Purchase Requisition Engine
Transaction Engine
- Huge savings of time in transactional &administrative tasks and follow ups
- Superior Negotiation strategies leading to better price discovery
- No possibility of human errors in complex landed cost calculations and assured computation of correct total cost of ownership
- Instant visibility on entire transaction (Ongoing & Historical)
- Reduction in lead time to optimize buying process
Auction Engine
- Simplifies for the buyer Pre & Post Auction activities thru automation of the entire process
- Extremely easy interface leads to frequent usage of auctions & Active vendor participation leading to superior price discovery
- Superior design of auctioning strategies due to flexible and comprehensive rule engine
- Reduced misunderstanding with vendors due to track of all actions of vendors
- Brings strategic approach thru various analytics and reports
- Reduces administrative cost significantly
Procurement Spend Engine
- Superior negotiation strategies with suppliers due to instant insight on volume of business offered to suppliers
- Real time availability of spend report as decisions are taken for any spend
- Better accountability of buyers due to instant visibility of their spend v/s budget
- Superior compliance
Procurement Intelligence Engine
- Instant insight on key cost variables of products bought
- Superior design of hedging strategies due to instant availability of information on relevant commodity prices and exchange rates
- Better Audit compliance due to one click availability of historical decisions on prices in relevance to key relevant input costs of the material
Decision Authorization Engine
- Timely approval of decisions
- Superior decisions due to instant availability for all relevant parameters & analytics relevant to the decision
- Superior compliance to SOPs
- Huge savings of time due to paperless decision approval process without involving manual follow ups & restrictions of geography centric presence of approvers
- Superior control on budgets due to alerts to approvers/ authorizers for compromised budgets
- More decentralization of decisions due to high level of system driven accountability
Audit Engine
- Best possible internal control on every decision
- Simplified Audit
- Reduced chances of Fraud
- Huge savings of time of resources due to painless and effortless access to all documents and justifications for audit
- Higher comfort for honest & sincere buyers
Inside VENDX
The Future of Procurement
Customers
Clients Testimonials
Based on our experience we will recommend your Auctio n services to organizations willing to go thru transparent price discovery process as it is expected to generate reasonable savings & establishes fairness in the process of awarding a contract. Besides it is a painless process as your team is able to well understand client requirements and carry out the auctions efficiently. More...
VENDX is integrated with our SAP system to address the transaction process.. More...
Conducted more than 500 Auction events by using VENDX Reverse and Forward Auction More...
Reduces process time by more than 60%... More...
We are pleased to mention that we have successfully completed Integration of following points as per mutually agreed scope between MavenVista and GHCL More...
Complete Visibility of our Sourcing Process... More...
We have found our dealings with MavenVista Satisfactory and We appreciate their technical competence and thorough professionalism... More...
This has resulted us to have superior price discovery leading to cost reduction. More...
VENDX Transaction and Auction tool has bought tremendous convenience in terms of simplifying our entire bids evaluation process and bought complete transparency in our decision making process for ensuring best compliance standards. More...
I wish also mention here about the exceptional support we have received for faster adoption of VENDX RFQ & Auction engine among the users. We have found the UI highly user freindly and intuitive. In all we would only reflect that Maven Vista offers one of the best experience of a SW vendor with comprehensive functionalities of the VENDX SW and excellent service standards of their support & implementation team. More...
We wish to also reflect that we & our suppliers have found the system very user friendly. With exceptionally high quality of customer support, we were able to ensure deployment of platform in no time to quickly reap its benifits. More...
We are happy to mention that MavenVista has successfully integrated its comprehensive e-sourcing solution, VENDX with SAP version ECC 6.0 @Intas Pharmaceuticals Ltd More...
This is to certify that M/s. Mavenvista Technologies Pvt. Ltd. has successfully installed, implemented their product VEND-X More...
We are happy to mention that leveraging these services we have been able to generate significant savings through superior price discovery in various category of spend. More...