Savings Management

Collaborate with colleagues across functions and locations to identify and launch new savings projects.
Estimate project spend and expected savings, and establish timelines to achieve targets.
Customize risk levels to monitor delays and potential reductions in savings at different levels.
Automatically gather data from multiple sources in order to generate reports on negotiated cost reductions.
Configure alerts and reminders based on time or events to effectively manage projects.
Obtain approval on realized savings through a tailored, automated workflow process involving finance and stakeholders.
Collaborate in real time to build, monitor, and manage your savings pipeline with team members and stakeholders.
Create and track milestones for each initiative, capturing results and measuring savings performance.

Savings Dashboard

Savings dashboard simplifies tracking savings pipeline, managing projects across devices, collaborating in real time, and identifying new opportunities. Define project scope, set targets, establish milestones, assign resources, and track negotiations. Manage savings from procurement with visibility and filter projects by category, region, or business line. Dashboard provides real-time insights and analysis for informed decisions. Advanced reporting capabilities enhance strategic sourcing projects with customized reports for sharing. Manage multiple projects simultaneously with detailed visibility from planning to realization.

Access detailed information on all savings projects across various categories, business units, and regions through customizable and intuitive savings dashboards.
Gain a comprehensive understanding of your savings projects from start to finish with real-time, enterprise-wide visibility for making informed business decisions.
Obtain detailed visibility as you navigate each project from planning to execution.
Easily generate reports, graphs, and charts from your strategic sourcing projects and share them with your team.

Data Integration

Efficiently managing multiple data sources such as auctions, RFx, and contracts to track negotiated and actual savings in real time is essential for successful strategic sourcing. Manual data entry and dealing with multiple spreadsheets is no longer required with the Nirmalya Enterprise Platform Suite. This platform consolidates all relevant data into one accessible system, offering insights on previous expenses, supplier relationships, cost reductions, and contract compliance. By integrating sourcing events, contracts, suppliers, and purchase orders, this unified system provides actionable insights to drive savings and effectively maintain project progress.

Streamline data management by consolidating multiple sources into one central location, eliminating the need for manual data entry and cumbersome spreadsheets.
Gain valuable insights on past expenditures, supplier partnerships, and cost-saving opportunities, and adherence to contract terms.
Seamlessly integrate sourcing activities, contracts, supplier information, and purchase orders within a single, user-friendly platform.
Access actionable analytics to effectively drive cost savings and sustain project momentum.

Collaboration Management

Nirmalya Enterprise Platform Suite’s collaboration management is a cutting-edge cloud-based platform meticulously designed to streamline the identification, initiation, and execution of cost-saving initiatives through seamless collaboration among colleagues across various functions and locations. It offers a sophisticated space for teamwork, enabling effective coordination with peers, employees, internal stakeholders, and suppliers. In strategic sourcing projects, for instance, you can efficiently manage roles for each stakeholder, craft detailed RFPs, co-author contracts, and ensure legal compliance. Assigning tasks and monitoring progress becomes effortless with Nirmalya Enterprise Platform Suite’s collaboration management, allowing you to track all project details and generate insightful reports to keep stakeholders aligned and informed. This platform empowers you to control and oversee savings projects from start to finish, enhancing collaboration and achieving successful outcomes.

Foster smooth collaboration among colleagues across various functions and geographic locations
Assist in stakeholder management, drafting thorough RFPs, co-writing contracts, and ensuring compliance with legal regulations in strategic sourcing initiatives
Empower users to oversee savings projects from inception to completion, promoting collaboration and achieving positive results
Simplify task assignments, progress monitoring, project tracking, and report generation for enhanced project management.

Savings Visibility

Nirmalya Enterprise Platform Suite's dashboard and analytics provides real-time insights into cost savings, including tracking avoidance, reduction, bonuses, rebates, and gain shares. While predicting savings is encouraging, actually realizing them requires effort, collaboration, and management. The platform streamlines the process from concept to execution, offering visibility into project performance. Finance approval for savings can be difficult, but the tool helps validate and obtain approval efficiently. Setting milestones and obtaining validation at key points is crucial for monitoring progress, engaging stakeholders, and securing approvals to achieve objectives successfully. Having a comprehensive view of savings throughout the procurement process allows for effective navigation towards milestones and ensures project success from start to finish.

Gain immediate visibility into various savings categories throughout the organization in real-time.
Easily monitor savings including cost avoidance, cost reduction, signing bonus, rebate, and gain share
Simplify the process from initial idea to implementation and recognition, and oversee savings throughout the procurement process
Establish key milestones and receive confirmation at critical points, engage stakeholders, and obtain approvals at each stage.

Savings Benchmarking

Nirmalya Enterprise Platform Suite offers a comprehensive platform for evaluating and improving the performance of cost-saving projects within your enterprise. By consolidating procurement activities and associated data into one platform, it empowers you to compare and benchmark current savings against historical data. Leveraging past performance insights helps identify trends and patterns, enabling a strategic focus on maximizing savings and value. The platform allows you to uncover seasonal purchasing trends, regional disparities, and long-term category spend growth to benchmark against previous savings initiatives. Through meticulous analysis, you can validate past achievements and optimize future savings endeavours. Its functionality extends to identifying opportunities from historical data, facilitating the launch of new sourcing initiatives to capitalize on these insights.

Facilitate easy benchmarking and comparison of ongoing savings performance with historical data
Enable the analysis of historical performance data to uncover trends and patterns for making data-informed decisions.
Identify seasonal purchasing trends, regional discrepancies, and long-term growth in category spending
Introduce new sourcing initiatives to address opportunities discovered from analysing past performance data.

Savings Validation

Nirmalya Enterprise Platform Suite offers a Digital Invoice Processing platform that simplifies the automatic capture of purchase and invoice activity. Users can easily track performance against targets and translate projected numbers into actual savings. This comprehensive platform allows for the identification of potential savings, strategic planning of sourcing projects, execution of savings plans, and ongoing monitoring of compliance. By documenting results and milestones, finance stakeholders can easily validate and approve achieved savings. With complete transparency into all savings initiatives, tracking the progression from planned to execute to realize savings is straightforward, ensuring validation at each stage. Individual dashboards for procurement, finance, and enterprise stakeholders provide complete visibility into savings, allowing them to monitor actual savings performance against the initial plan.

Implement automatic capture of purchases and invoice activity to monitor performance against targets and translate projected figures into tangible savings.
Provide users with the tools to identify potential cost savings, strategize sourcing projects, implement savings plans, and ensure compliance monitoring.
Document and verify savings results in alignment with the established plan, collaborating with the finance team as needed.
Foster collaboration among stakeholders to improve transparency and visibility into all initiatives aimed at achieving savings.

Our implementation strategy is designed to ensure that your business operations undergo a swift and seamless transformation, resulting in faster time to value. Our experienced consultants utilize a structured approach that combines extensive industry knowledge with the latest implementation techniques. This enables you to expedite the deployment of our powerful solution and experience a rapid return on investment.

Through our streamlined process, you can optimize productivity and streamline business processes with minimal disruption. We have consolidated the expertise gained from global deployments into a set of leading practices, providing a clear path to success and delivering rapid business value.

With Nirmalya, you can confidently expect to go live within a predictable timeframe through smart, stepped implementations.

Nirmalya offers its services to companies of all sizes, including startups, fast-growing businesses, medium-sized enterprises, large corporations, and non-profit organizations. We assist these companies in streamlining their operational capabilities without the need for significant capital and operational expenditures. By eliminating the burden of maintaining an Enterprise Resource Planning system, which typically involves investments in manpower, hardware, and software, we help companies focus on their core activities.

Our collaboration with companies involves an initial setup fee for implementation, followed by an annual license fee based on the modules chosen by the customer for implementation. As businesses expand, customers have the flexibility to incorporate new modules as needed.