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Claritum: Driving A New Wave of Easy-to-use Procurement Products

Procurement of relatively low cost, unpredictable products and services is still highly manual, inefficient, and error-prone. Typical procurement solutions focus on strategic procurement within large enterprises, whereas there is a significant demand for easy-to-use tools for mid-market companies to manage this type of expenditure.
Recognizing these inefficiencies of purchasing marketing services across multiple countries, James Samuels and Paul Barker founded Claritum in 2002 to help companies streamline the purchasing of print and marketing services. Today, Claritum’s cloud-based spend management platform streamlines the buying and selling of products and services. It helps many of the world’s largest enterprises, leading businesses and fastest-growing service providers to control their complex, frequently ordered expenditure such as marketing & operational print, promotional products, uniforms & apparel, packaging, IT & consumables and related services.
Optimizing Spend Visibility, Control, Cost Savings and Process Efficiencies
Claritum automates sourcing, procurement and invoicing in one, easy-to-use, cloud-based platform while enabling business users, customers, procurement experts, buyers and suppliers to collaborate globally and in real time. By streamlining sourcing, supplier management, catalog, procurement and invoicing, it enables small and medium businesses and fast growth procurement services to optimize spend visibility, control, cost savings, and process efficiencies. Over 150,000 users in 35 countries rely on Claritum to deliver significant, measurable and sustainable savings.
A Varied Range of Unparalleled Solutions
Amongst its varied range of unparalleled solutions, below are some of the ground-breaking ones:
Sourcing: Its cloud-based sourcing capabilities are proven to deliver a transparent and consistent best practice, transactional sourcing process to users; whether it be a novice employee, an experienced buyer or third party agency or outsourced service provider.
Supplier Management: Its platform helps supplier managers create and manage Private Supplier Networks from a combination of its current supplier base and by inviting suppliers from the Claritum Network of thousands of pre-approved suppliers.
Catalog Management: Customers can capture orders, aggregate demand and centrally control local buying from multiple approved suppliers with easy-to-use, highly configurable storefronts.
Procurement: It automates your sales order and purchase order procurement processes while enabling faster and more compliant requisitions, orders, approvals, and goods receipting.
Invoicing: With Claritum Invoicing, you will always know where you are and what’s pending and what’s outstanding, hence keeping you in complete control of your cash-flow.
Reporting and Analysis: It enables you to get granular line item visibility of every transaction globally and real time. You can also get share management reports, performance dashboards and analytics with customers, suppliers, and co-workers.
User Access and Admin: With its powerful user access and administration tools, you can centrally control local transactions. Its intuitive and easy-to-use application ensures compliance of best practice while maximizing efficiencies and quality of management information.
Web Services API: Claritum’s Web Services API enables you to streamline your entire source-to-settle workflow and integrate with buy-side and supply-side software platforms.
A Leading Marketing Expert with Vast Experience
Serving as the Chief Executive Officer of Claritum, James has 20 years EMEA marketing experience in the automotive and technology sectors for enterprises such as VAG, Peugeot, Intel, and HP. His experience in managing major international spends highlighted the need for marketing procurement tools to address the needs of both procurement and marketing functions. This was the catalyst for starting Claritum.
Whilst Paul focused on product and data, James led the strategy, sales, marketing and services teams. By working closely with large businesses, service providers and suppliers, both he and Paul established Claritum as one of the most capable cloud-based procurement platforms on the market. The company grew by proactively servicing and retaining high-quality clients and partners, and now has clients in Europe, US, and AsiaPac.
Enabling Users to Access a Fully Managed Purchasing Service
James believes that automation, globalization, ease of use, integration, and data are key drivers of procurement technology. As such, Claritum is part of the new wave of easy to use, cloud-based procurement products and reflects the demand for business users to be able to self-serve, or get assistance from expert buyers or access a fully-managed purchasing service. Claritum is optimized for cross-border trading, therefore enabling centralized visibility and control of every transaction locally, nationally and globally.
Future of Endless Solutions
Considering the ever-growing procurement industry and its future, Claritum is automating the entire source to settle process including demand side integration and supply side fulfillment. It is investing in highly configurable workflows that eliminate the need for manual intervention, deliver the data required for experts to deliver significant and measurable value across the supply chain.
Claritum is also working to automate IoT devices to auto-replenish parts and components, improve service delivery through intelligent service bots (agents), intelligently route transactions directly into fulfillment or manufacturing including 3D printing on demand.

Source :- The 10 Most Innovative Procurement Solution Providers 2017