Australian Best-of-Breed Source-to-Contract Software Platform, Portt, was recently acquired by UK software innovators Advanced. This acquisition enables Portt to add exciting spend management products to its already industry-leading procurement software suite.
“We’re absolutely thrilled to have joined Advanced. Our shared values of innovation, simplicity and intelligent, real-world SaaS solutions made Advanced a great fit for us. We’re excited to be scaling our software capability internationally and offering our Australian and New Zealand customers a full spend management suite of products. Delivering comprehensive spend management is much more than just sourcing, and we’re excited to be able to provide our customers with a view on ALL spend data within their organisation.”
– Chris Holmes, Vice-President, Spend Management
The new partnership with Advanced allows the ANZ thought leader to expand its offerings and deliver more game-changing business solutions to the public and private sectors, backed by Advanced’s global support, expertise and capabilities.
Portt was founded in 2010 to help government and private enterprises make better, smarter, and easier business decisions through innovative procurement software. Advanced shares Portt’s mission for innovation and ease, focusing on delivering real-world value through smart technology.
The new spend management technology will include:
Advanced Marketplace. A centralised portal for goods and services purchasing, Marketplace enables greater spend control by allowing users to choose from a list of pre-approved suppliers. With a simple user interface and intuitive search engine, Marketplace provides efficiency and visibility, allowing like-for-like product comparisons. This means no costly manual spend analysis, no rogue spending and massively reduced approval times for purchasing and requisition – from days to just hours.
Case study: QUT. Queensland University of Technology (QUT) saved approximately $800,000 in its first year of using Marketplace. The time needed for their requisition and purchase approval process was reduced from 7 days to just a couple of hours.
Advanced Data Automation. This feature gives organisations the power to extract, validate and transform data from invoices into their FMS or ERP with 100% accuracy, reducing invoice processing times from days to minutes. It also minimises document processing errors and creates a more efficient invoice cross-checking method, directly reducing operating costs, ensuring payment and shipping deadlines are met and freeing up a significant amount of time for value-adding tasks.
Case study: NHS. The UK’s National Health Service (NHS), a public sector health care trust and one of the world’s largest employers, has saved 70 hours per week since adopting Advanced’s Data Automation tool. After just three months, 65% of their invoices are now successfully processed and sent electronically.
These incredible capabilities and others will now be included as standard in Portt’s service offerings.
“Advanced Marketplace and Data Automation perfectly complement Portt’s current sourcing, contract, and supplier management capabilities. This combined strength will truly allow organisations to improve business outcomes and reduce risks while gaining unprecedented visibility over their spend.”
– Chris Holmes, Vice-President, Spend Management
Along with Marketplace and Data Automation, the Advanced offering in Australia includes a suite of People Management software solutions: HR Manager, Clear Review, Time & Attendance, and Access Control.
About Portt
Portt, an Advanced company, is a procurement and supplier management platform designed for the modern enterprise that empowers enterprises to make smarter business decisions. It delivers superior visibility, data and automation throughout all stages of the procurement process, including sourcing, contract management, and supplier relationship management. Now, through Advanced, Portt also offers organisations Advanced Marketplace and Data Automation products to match their spend management needs and capabilities.
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Contact
Portt, an Advanced company
Elysha Stephens - ANZ Head of Marketing
Address: New South Wales, Australia
Email: [email protected]
Website: https://www.portt.com/
newsroom: news.38digitalmarket.com
