Although procuring items for new store construction, remodeling and running the day-to-day operations of retail and grocery stores is critical to retailers’ growth and success, many retailers find their indirect purchasing cumbersome, time-consuming and inefficient. Retailers are improving their efficiency and profitability of their indirect spending processes through Verian’s intelligent solutions. We offer solutions for the four most common indirect purchasing needs and issues of retailers today:

Faster Way to Purchase Goods & Services
Realizing the limitations and frustrations caused by paper-based processes, many retail and grocery chains have embraced Verian’s automation software applications as a way to streamline their entire purchasing processes – from purchase to pay. Much like the way businesses transitioned from mailed correspondence to email, our intelligent purchase-to-pay solutions apply Internet-based technology to automate the requisition, approval, receipt and payment of goods and services. Automated purchase-to-pay allows retailers to automatically track, control and analyze every purchase from beginning to end. Learn More.

Better Visibility into Construction Spend
Much like a warehouse for store merchandise, our intelligent purchase-to-pay solutions create a central repository for all NFR purchasing, including construction spend data. Residing on a central server accessible though a Web browser, all spend data is now accurate, consistent, up-to-date and accessible by the entire enterprise. Because it ties into the retailer’s ERP or financial system, the spend is updated in real time automatically, not manually updated by disparate entities. Project managers, purchasing, accounts payables and other departments are now connected to the same information. Threshholds can be set so managers get notifications before budgets are exceeded. Learn More.

More Compliance of Negotiated Contracts
Although contract compliance is one of the most common and painful elements of chain stores’ NFR spend processes, it is also one of the easiest to automate. In the realm of automated purchasing, all requisitioners procure NFR items from a Web-based interface, much like online shopping sites. Within automated purchase-to-pay, requisitioners search supplier catalogs that are loaded with negotiated pricing built-in, virtually eliminating off-contract spend. Because purchasing is now captured in one place, retailers gain confidence knowing the right vendors are being used and the negotiated price is being honored. Some retailers have taken the automation a step further by sending vendors an RFQ to competitively drive down costs even more. Learn More.

Easier capital budget creation & enforcement
Many chain stores create and manage capital budgets using a spreadsheet program like Microsoft Excel. In addition to the countless hours of manual work it takes to load items into these spreadsheets, sharing, reviewing and updating these clunky files becomes a part time job. Verian’s automation software can flow the AutoCAD files directly into your purchasing system – eliminating the need for manual data entry.  Once in the system, the items are automatically segmented by category for easy search and selection by requisitioners.