Procurement opportunities in the South African short term insurance industry need to be democratized.
For too long now small independent suppliers have been excluded from participating in procurement opportunities within the short term insurance industry. Far from being a deliberate strategy, the exclusion of small independent suppliers has been a consequence of a major friction point within the procurement process.
Insurers need structured data in order to control their procurement spend. Dealing with multiple independent suppliers, each using their own system, makes it virtually impossible for insurers to gather structured data and, by extension, to control their procurement spend with independent suppliers. As a result of this friction point small independent suppliers become marginalised.
The ProcureMint Network has taken a fresh approach to eliminating friction points in the procurement process by designing software solutions which small independent suppliers can use free of charge to transact with insurers.
Our software solutions enable independent suppliers to transact directly with insurers via a common platform. Insurers benefit by being able to manage all interactions with multiple independent suppliers via a single system. Independent suppliers benefit by gaining access to procurement opportunities which they were previously excluded from. Thus, our software solutions provide a win-win situation.
Our first software solution is GlassTrader, a system designed to eliminate the friction points within the glass procurement space. To find out more about GlassTrader follow the link or email us for a demonstration. Other friction points have been identified and software solutions to them are in the offing, so watch this space.
Besides designing our own free-to-use software solutions, for the benefit of small independent suppliers, we also specialise in designing bespoke procurement software solutions for the insurance industry.
Contact us if you need a fresh approach to eliminating the friction points in your procurement processes.