What’s the Versatex secret sauce?
If you asked our clients, you would get several different answers because our solution is tailor-fit to their needs. We know there is no one-size-fits-all approach to spend management, and that’s what sets us apart.
Solution
+ Tailspend Savings
By revealing strategic savings opportunities, Versatex allows your procurement professionals to re-focus time and resources on your top ROI opportunities.
+ Risk Management
Having trouble with compliance? Not anymore! We will make sure that your regulatory requirements are met while keeping your vendors paid on time.
+ Spend Visibility
Buy the products you need in real time and avoid managing hundreds or even thousands of vendors. You will be able to clearly see each step of the procurement-to-pay process by standardizing your spend analytics, inventory control and documentation.
+ Process Efficiency
Our system talks to your system. Our team works with your team. This seamless integration allows the management of required approvals to be less manual and more automatic, improving efficiency and accuracy. By eliminating human error and rework, we ensure that payments are accurate and verified.
+ Vendor Management
You don’t have to wonder if your vendors are meeting your performance expectations. We’ll ensure that vendors get the job done quickly and are paid on time, saving you time, money and headaches.
“Staff are overwhelmed… The average procurement full-time equivalent manages more than $50 million in indirect spend, 300 suppliers…and more than 2,500 purchase orders per year. It’s hard to be strategic if procurement has to touch the majority of these transactions.”
– Spend Matters, Fix the Tail to Propel Procurement