cloudBuy is an integrated solution that takes a corporate buyer through a procurement process, from sourcing, order placement, payment, through to analysing the purchase from a cost management standpoint. The solution then takes the process further with controls and audit facilities, eliminating off-contract pricing as well as ensuring compliance.
The system operates on artificial intelligence technology that analyses a buying organisations spend detail. It gives an assessment of compliance to raising purchase orders, price variances for the same product across the organisation locally and globally, lost opportunities with volume discounts and special promotions, as well as a global price benchmark for the same product.
Also, suppliers are provided with a B2B website which enables them to manage their catalogue of goods or services, time based booking, pricing and discount structures, inform buyers of delivery charges, stock levels, as well as tax and currency. If suppliers maintain their own websites, cloudBuy can work with them to make those sites interoperable with the buyers cloudBuy portal.
cloudBuy is set to be launched in Australia in late 2013. Other markets for first phase launch include New Zealand, Singapore and Hong Kong.
@UKplc provides e-commerce and cloud computing solutions for Government and corporate clients.
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