Wax Digital web3

eWorld, March 2nd 2016

A 2 bedroom duplex apartment set

in the heart of Covent Garden

This contemporary apartment features a

fully fitted kitchen, modern bathroom

with bath and shower, hard wood floors,

it also retains original sliding sash

windows, high ceilings and fireplace

Located on Greet Queen Street

only moments from Holborn,

Covent Garden tube station and

the Piazza. Ideal for access to the

City and West London

A rare opportunity to buy a small

country estate as a whole

11 bedrooms complete with main house,

annex, grooms lodge, an attractive

range of barns and buildings which have

previously benefitted from planning

permission and approximately 18 acres

of gardens and grounds

Including a bronze age Motte and

Bailey. In Powys

“I’m as proud of the factory

as I am of the computer”Steve Jobs, 1990

In 2007 Apple execs estimated they would need 8,700

industrial engineers to oversee the 200,000 assembly line

workers involved in manufacturing iPhones

They forecast it would take 9 months in USA

In China it took 15 days

Foxconn City has nearly 500,000 employees

Over 25% live on-site

600 employees direct foot traffic

The canteens cook 26 tons of rice per day

Over 700 million iPhones

Need a thousand rubber gaskets?

Need a million screws?

Need that screw made different?

Corning makes the glass

Founded in USA in 1851

But it makes it in Taiwan

Because Asia is where its customers are

Integrated Source to Pay

Integrated Software

What’s the best approach to

integrated e-procurement

software deployment?

Integrated Systems

Bringing systems and data

together seamlessly to create

an accelerant for procurement

results

Integrated Business

Creating a collaborative

enterprise that isn’t just

accepting, but actively seeks

out procurement involvement

Gartner IT Market ClockA strong trend among

leading procurement

technology providers to

build out broader suites is

driven by buyer interest in

reducing the number of

technology vendors and

integrating the source-to-

settle process

Integrated Source to Pay

Case Study: iS2P

» “To provide a cost effective, user friendly eBusiness System to 6,000 users with £220m annual spend, processing 1 Million transactions per year with 15,000 Suppliers covering 800,000 product lines”

Case Study: iS2P

Factor peppol etc

here or later in

summary

» An easy to use system delivers high on contract spending driving maximum value from contracts

» 94% PO compliance

» Over 120 tenders conducted pa

» Minimum savings achieved £1.5m pa

» No duplication of effort across the entire ordering and supply process, avoiding costly manual interventions

» >90% STP rates

» 58% reduction in time to process exceptions

» Supporting clinical objectives as well as financial goals, ensuring Trusts retain the highest levels of patient care

Case Study: iS2P

”The process is very quick, very slick and takes the minimum amount of time” Richard Rogers, Lead Biomedical Scientist

Case Study: iS2P

» A world Top 100 university

» 3,000 staff, 15,000 students, £140m spend

» Utilised eSourcing to deliver P2P business case

» £400,000 saving in two events

» 56% Facilities Management

» 28% Personal Protective Equipment

» Compliant, accurate, automated purchasing processes from tender through to invoice

» Process automation allows the procurement function to focus on strategic goals

» Ongoing savings of £2-3m per annum through its continued use of procurement best practices, supported by web3 iS2P

» Green Gown Award two years in succession

Case Study: iS2P

”We’ve got 100% system user take-up; once they use web3 there’s nobody trying to bypass the system and do things the old way” Laura Watson, Deputy Director of Procurement

Case Study: iS2P

» Shepherd donations in the most effective and efficient way

» Cost savings of more than £200,000 pa

» Build an ethical supply chain

» ‘Panda Purchasing’ controls, automates and enhances sourcing and purchasing activities

» A 150 strong user community

Case Study: iS2P

» More than £500,000 savings in the first 15 months vs business case estimate of £192,000

» Integrated S2P plays a crucial part

» Savings included:

» £60,000 on annual insurance spend

» £75,000 on MFD and print management

» £81,000 on laptops

» £57,000 on soft toys

» Improved visibility and control, process efficiencies and class-leading rates of adoption

“Close control of operational spend means we can continue to be the trusted guardians of the donations we receive.”Robert Hardy, Operations Director

Case Study: S2C

» Operates 1,700 restaurants, pubs and bars in the UK

» £800million annual spend

» 128 departments across 5 divisions operating independently

» No central procurement function

» Limited contract management, low visibility of spend and supply chain

Case Study: S2C

» Target 90% of all key suppliers onto approved contracts in web3 » Supplier self-service registration

» 5 tiered supplier SCART profiling:» Strategic – Collaborative – Approved – Review

- Transactional

» Supplier registration through web3

» Supplier Registration Forms (SRF) capture, evaluate and approve

» Apply a relevant tier rating

» Divisional targets for on-boarding» web3 leader boards incite competition

» Leverage web3 Connect to upload external spend data» Identify off-contract spend and

opportunities for sourcing

» web3 eSourcing implemented as a second phase

» Deployed to users across the entire business » eSourcing departmental champions

Case Study: S2C

Case Study: S2C

» Procurement best practice successes include:» 1,155 contracts loaded

» 830 users engaged

» Supplier on-boarding process reduced from 3-4 weeks to a few hours

» Complete supply-chain and contract visibility

» Significant increase of on-contract spend

» Reduced supply-chain risk

» Improved supplier relationships

» Process efficiency and time-savings

Case Study: S2C

Integrated Source to Pay

Integrated Software

What’s the best approach to

integrated e-procurement

software deployment?

Integrated Business

Creating a collaborative

enterprise that isn’t just

accepting, but actively seeks

out procurement involvement

Integrated Systems

Bringing systems and data

together seamlessly to create

an accelerant for procurement

results

iS2P Overview

Monitor

Mapper

Barratts Case Study

Integrated Source to Pay

Integrated Software

What’s the best approach to

integrated e-procurement

software deployment?

Integrated Systems

Bringing systems and data

together seamlessly to create

an accelerant for procurement

results

Integrated Business

Creating a collaborative

enterprise that isn’t just

accepting, but actively seeks

out procurement involvement

Foundation 1: Integrated Business

“ Procurement thinks its working relationships are closer than the functions are willing to concur”.

“...44% of procurement functions think their relationships with other functions are very close... Only 18% of functions think that”.

(Wax Digital, “CPO Viewpoint – what the business really thinks about procurement's value”)

» Purchasing merits a place of the board:

» Procurement: 78%

» IT: 52%

» Finance: 50%

» Sales & Marketing: 44%

Only 4% in sales and

marketing rated procurement

as highly effective

» Journey – summarise for people at start of/any stage along their road to is2p

3 monthly upgrades

Visit us on our Stand

Best of Breed – What are the Issues?

» Multiple versions of the truth – difficult to be sure that “master data” is really “master”!

» Integration is difficult – or even impossible

» Costs of managing multiple systems, vendors

» Easy to lose control of data and indeed spend

» Getting the clear overview of supplier performance is difficult – lack of clarity and visibility

Market Developments

» The integrated approach appears to be gaining market share

» Vendors who have positioned themselves as “best of breed”

are striving to develop wider, more integrated offerings in

response to the market

» ERP providers – watch out for the “Myth of Integrated ERP

Procurement” (Pierre Mitchell, Spend Matters US)

» Many larger organisations are moving into a replacement

phase and are looking anew at the market for source to pay

solutions

Benefits of an Integrated Approach

» Spend analysis; all the relevant data resides in one system, accessible in a timely

manner

» Create sourcing event (RfP, auction, etc.) directly from spend report

» Create (and store) a contract directly from a sourcing event with all relevant Ts and

Cs captured

» Transfer sourcing event / contract data into purchase to pay to ensure Ts and Cs

captured

» Manage compliance and protect against fraud

» Provide management dashboards and information that truly captures what is

important

» THESE AND OTHER OPPORTUNITIES DRIVE BETTER SPEND MANAGEMENT,

PROCESS EFFICIENCY AND EFFECTIVENESS, AND (ULTIMATELY) INCREASED

SHAREHOLDER VALUE!