Unlocking time and 8.8% strategic sourcing savings
"Having a central database has definitely made ordering much easier."
Tim Rossi, Financial Controller, Mediaplanet
Strategic sourcing savings
Spend compliance rate
Mediaplanet produces content marketing campaigns for thousands of clients with offices across the United States, Canada, and Europe, employing 500+ people globally. Tim Rossi is the Financial Controller for Mediaplanet in North America.
With 12 vendors, Mediaplanet struggled to streamline their purchasing. Tim recounts, "There were so many online retailers – that made budgeting and other processes difficult. We needed something more scalable."
Tim's team benefited from the convenience of ordering from one system: "Everything is on Negotiatus. Having a central database has definitely made ordering much easier." In addition, Negotiatus' sourcing engine automatically looked for vendor and product substitutions to save money on each order, saving the Mediaplanet team an average 8.8% in addition to the time they previously spent comparing prices across vendors. Tim says, "It's amazing that we save time not having to compare prices, and have still realized considerable savings on the products we buy every day."
Real-time analytics made visualizing spend much more attainable: "With Negotiatus, we’ve been able to have much higher quality conversations around spending, budgeting, and efficiency as we grow." Tim summarizes, "Negotiatus has brought efficiency to the whole process, from placing orders to controlling and analyzing them."
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