Case Study: Fortune 100 Technology Company

Case Study: Fortune 100 Technology Company

Case Study: A Fortune 100 Technology Company.

The Challenge

Unmanagable Overhead Due to PO Volume

  • High labor/cost due to PO volume​
  • Length of time to process a PO​
  • Too many suppliers to onboard and manage​
The Solution

Reduced Time and Cost, Added Visibility 

    • Now with Eved, have the digital buying channel with great transparency and control over the purchasing process before spend is committed
    • Supplier onboarding managed by Eved, with a reduced costs
    • Eliminated need to write POs
    • Visibility into budget spend throughout the planning process
    • Eliminate need to manage payment and reconciliation

Results with Eved

Double-digit % payment cost savings​
Reduced payment cycle by 77%​
100% customer satisfaction survey from users​

Solutions For Any Problem

Combine our solutions for the best Meeting & Event payment system

Pay

Pay your suppliers with ease, process your invoices, and manage all payments for a hassle free experience.

Data Insights

With all your spend in one place, all your data is too. Get the information you need to make strategic decision easily.

Request & Order

Save time and money on manual data entry by requesting and managing all invoices in one place.

Small Meetings

Get visibility into even you ‘smallest’ umanaged event spend with our core software.

Receive Payments

We offer supplier the best way to get paid by processing fast, accuratlely and with less fees than a card.

Creating the perfect event is hard. Your payments shouldn’t be.

Get the easier, more efficient way to pay.

Case Study: Global Top 10 Healthcare Company.

Case Study: Global Top 10 Healthcare Company.

Case Study: A Global Top 10 Healthcare Company.

The Challenge

Unanswered Questions & Disperesed Data

  • Unable to answer questions around Meeting & Event spend in a timely manner to management
  • The granular data was spread out and trapped in POs, card statements, and invoices
  • All of this data became too expensive to provide manual reports on
The Solution

Streamlined Processes & Captured Data with Eved

  • Eved’s digital payment solution purpose-built for event spend streamlined their payment process, and automatically captured the granular data they needed

Results with Eved

Unclassified spend reduced by 30%
Enabling of headcount eliminations
New procurement opportunities discovered

Solutions For Any Problem

Combine our solutions for the best Meeting & Event payment system

Pay

Pay your suppliers with ease, process your invoices, and manage all payments for a hassle free experience.

Data Insights

With all your spend in one place, all your data is too. Get the information you need to make strategic decision easily.

Request & Order

Save time and money on manual data entry by requesting and managing all invoices in one place.

Small Meetings

Get visibility into even you ‘smallest’ umanaged event spend with our core software.

Receive Payments

We offer supplier the best way to get paid by processing fast, accuratlely and with less fees than a card.

Creating the perfect event is hard. Your payments shouldn’t be.

Get the easier, more efficient way to pay.

Tuesdays with Talia: a procurement solution that’s flexible and promotes visibility

Talia discusses how, when in search for a procurement solution, companies often give up either flexibility or visibility.

“During the last six or twelve months has had a lot of talk about payments. We are hearing about payment in the world overall and even more in the consumer market. Examples like Bit coin, Apple Pay, E-payments and all types of others. People are starting to look at it that it does not have to be done in the traditional way that it was done before.

Also, there is a huge move for companies to move away from paper check and away from processing. So when it comes to the meetings an events category this issue has been raised in conversation. The challenge with business is that there has been the traditional pay process and the payment has been the final and controlling peace. If you could ensure that the boxes have been checked with data and proper approval, then that is easy to control. If you do it the other way around and initially give the credit card followed by checking the boxes, you start looking for where everything is and it gets mixed up which creates challenges.

 

Tuesdays with Talia: Innovators vs Status Quo

Tuesdays with Talia: Innovators vs Status Quo

In our industry, there’s a battleground that some people don’t even notice: Innovators vs. the status quo. Attend a conference and ask the simple question, “are you willing to invest and partner to solve your problems or is what you do and how you do it okay for now?”

What are the different answers you’ll get?

Innovators are looking every day to get better and find better solutions for their current processes. They’re willing to take the risk and put a solution forward, even if it may fail. Being a trailblazer means you’re constantly trying and innovating.

The status quo is typically happy with the way things are and don’t want to ruffle current practices. They wait for others in the industry to do the heavy lifting and then adopt new practices once it’s mainstream. I don’t think the status quo even realizes or admit they’re in the status quo.

Great companies are innovators, not status quo. And they’re employees are innovators. I’m starting to see that companies who stand out as innovators cultivate innovative employees and management who are going to continue to look and bring new solutions to improve their company.”

Are you in the status quo or an innovator?

Tuesdays with Talia: preferred supplier programs from the supplier perspective

Tuesdays with Talia: preferred supplier programs from the supplier perspective

“Talia discusses preferred supplier programs from the supplier perspective.

A supplier program will create efficiencies, improve qualities, and create cost savings. Some of the ways that this would happen is based on how the supplier engages with others.

When I had my event company, I sought out companies that had preferred supplier programs for one main reason. Rather than having to hit every single stakeholder within the organization and reselling them repeatedly we would sell ourselves as a company that wanted to be a preferred supplier.

The efficiencies for a supplier to know that they are on a limited supplier program will in turn offer discounts and comfort knowing where they stand. A preferred supplier is only as good as their last event. Therefore, by giving feed back and allowing them to understand what they did wrong immediately, suppliers will benefit significantly for the future. Suppliers who receive immediate feed back after an event will improve their performance by over 30%. This improvement is due to two underlying reasons: One is that they need to know what they do and they need to know that you are measuring their performance. This allows them to continue their business while allowing you to continue building a strong relationship with these suppliers.

Overall, a preferred supplier program is beneficial to a company for these three main reasons: Efficiency, quality, and cost savings. 

Most importantly, true strong relationships are formed with customers through preferred supplier programs.”

 

Why use archaic systems when you could have the latest innovation?

Find out why your current payment systems are failing you and how we can help.

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