Enterprises face different challenges depending upon industry and company size. Raindrop has you covered and scales across your enterprise with seamless tools as your company grows.
Start-ups
Start-ups
Free enterprise spend-management platform
Whether you’re embarking on a digital journey or want to get a hands-on experience with the Raindrop platform, you’ve landed in the right place. It’s a quick and simple process to get a production instance and begin using Raindrop at no cost. Because life is better when you’re on top of your entire Procurement process.
With your free version, you have instant access to Raindrop’s Planning, Sourcing, Contracts, and Supplier modules. Organize and run your business your way. See for yourself how easy it is to use Raindrop and receive the benefits of Raindrop’s platform.
Get started early with Raindrop’s spend management solution
Your company has a handful of suppliers and spends less than a few million dollars. You typically manage processes on spreadsheets and face business fulfillment challenges.
Raindrop can help you address the challenges you face.
Challenge
How Raindrop Adds Value
Time to value - You’re looking for a solution which is easy to implement and costs less.
Raindrop can be set up in a matter of minutes to perform all of your strategic and tactical Procurement processes and delivers more value for your investment.
Scalability - You’re looking for a solution which works today as well as enables your company’s growth.
Raindrop enables you to scale your Procurement growth needs by addressing –
Regional and international growth
Employee growth
Security and compliance requirements
Functionality needed - You’re looking for a solution to run all of your Procurement processes and cannot afford to buy multiple point solutions.
Raindrop is a single system to perform your entire Procurement processes, including –
Intake Orchestration
Sourcing and Procurement
Contract management
Purchase Orders
Supplier onboarding
Much more
Quick to set up within minutes, get value to run your business immediately, easy to scale as you need more, and powerful functionality to run your small business. This is Raindrop.
Raindrop is the Answer to Your Spend Management Needs
Your company’s external spend is tens of millions of dollars across several hundred suppliers, covering several regions. Executive management is focusing on the Procurement organization and processes and wants more visibility and control over external supplier spend.
Turn your Procurement organization into a value generating team by addressing and eliminating the challenges you face.
Challenge
How Raindrop Adds Value
Spend Management - you haven’t yet acquired, or do not currently have the necessary tools required to manage your spend.
Raindrop provides all the functionality needed to manage your spend while fulfilling your procurement business processes.
One single system which scales as your enterprise grows
Provides all the necessary functionality as you scale up your business
Risk and Compliance - You want a solution which minimizes the change management required for your users to adhere to your procurement processes and policies.
Raindrop provides the visibility and tools required to increase adoption of your procurement processes and minimize risk by--
Providing a user experience needed for you to do your business your way, all centered on increasing user adoption
Providing the tools needed to address your compliance issues while minimizing risk.
Meeting all of your information security requirements.
Solution Fit - most existing solutions do not cater to mid-market needs. Traditional Procurement software solutions are costly, take a long time to implement and maintain, and are challenged with user adoption.
Raindrop is designed to address the usability, cost, and time to value challenges faced by mid-market companies by –
Enabling you to realize value instantly via rapid deployment
A simple and easy to use interface requiring minimal training, increasing user adoption
Freeing up time maintaining systems to focus on your core business activities
Global Enterprise Spend Management Platform to Drive Better Business Decisions
Your company’s external spend is hundreds of millions or in the billions of dollars across thousands of suppliers, covering several regions globally. Executive management is faced with the lack of a complete view of global spend, and proactively looking for opportunities to save and contain costs.
Turn your Procurement organization into a revenue enabler by addressing and eliminating the challenges you face as a global enterprise.
Challenge
How Raindrop Adds Value
Spend Visibility, Planning, and Operations - Your spend data may be fragmented across multiple systems and regions, and not providing the needed information for planning.
Raindrop enables you to plan by providing a unified view into your global enterprise spend –
Across different regions, currency types, suppliers, commodities, and more.
For planning various scenarios such as mergers & acquisitions, annual operating plan, growth, and more.
While delivering predictive capabilities through machine learning which identifies savings opportunities.
Cost of ownership - Traditional Procurement tools are complex, not easy to integrate to existing systems, and are labor intensive to implement and maintain.
With Raindrop, customers reduce their cost of ownership by –
Replacing and/or consolidating their legacy systems, resulting in lower systems spend.
Using systems capabilities to lower their Procurement services delivery costs.
Lowering the ongoing investment needed to care and feed the system.
Spend leakage - Traditional systems are transactionally focused and have potential for spend leakage between multiple systems used to fulfill business processes.
Raindrop contains spend leakage through digitization capabilities which provide enterprises –
Market intelligence on commodity acquisition cost
Notifications to avoid being surprised by automatic and unexpected contract renewals
Insights to get cost relief from under-utilized commodities and contain costs prior to over-consumption.
Raindrop enables seamless Executive, Procurement, Finance, and Stakeholder collaboration to ensure your enterprise spend management goals and processes are directly aligned with driving consistent business value and spend across your enterprise.
Executives
Executives
Is your Strategic Sourcing enabling you to drive better business decisions?
As an executive, you need instantaneous spend visibility and the consultative guidance to make fully-formed business decisions.
Raindrop can address your executive challenges by –
Challenge
How Raindrop Adds Value
Spend Visibility, Planning, and Operations - Data may be fragmented across multiple systems and regions, and not providing the needed information for planning.
Raindrop enables you to plan by providing a unified view into your global enterprise spend –
To plan various scenarios such as mergers & acquisitions, annual operating plan, growth, and more.
By providing visibility into commodity consumption, recover costs from under-utilized commodities, and contain costs prior to over-consumption.
By providing predictive capabilities via artificial intelligence (AI) and machine learning (ML) to reduce your overall spend.
Cost of ownership - Traditional Procurement tools are complex, not easy to integrate to existing systems, and are labor intensive to implement and maintain.
With Raindrop, customers can –
Replace and/or consolidate their legacy systems resulting in reduced technology cost of ownership.
Replace labor costs with technology system capabilities
Spend more time on business activities rather than dealing with system issues
Functionality, Usability, and Adoption - Traditional systems are transactionally focused, resulting in limited adoption, and potential for spend leakage between multiple systems used to fulfill business processes.
Raindrop delivers futuristic capabilities to your enterprise by –
Providing market intelligence on commodity acquisition cost
Providing templates to manage specific commodities – Contingent Workforce, SaaS, etc.
Digitizing your procurement data which enables spend leakage – e.g., surprises from automatic contract renewals.
Providing an easy-to-use and frictionless user experience which in turn results in enterprise-wide adoption.
Make the Procurement team indispensable value contributors to your enterprise.
As a Procurement executive, you want to deliver Procurement services which clearly articulates your value contribution.
Raindrop can address your Procurement challenges by –
Challenge
How Raindrop Adds Value
Procurement Services - Challenge with traditional procurement systems which are transactionally focused and minimally delivers on predictive and proactive capabilities.
Raindrop enables the ability to bring your Procurement services to the next level by –
Machine Learning algorithms to predict savings
Avoiding automatic and unknown contract renewals
Understand your Sourcing pipeline and help prioritize them.
System Challenge - Fragmented systems across the enterprise poses a challenge to gain a sourcing 360-degree view to execute on daily operations.
Raindrop enables you to have a unified “Source-to-Contract” experience in a single platform by –
Seamlessly integrating your fragmented systems
Providing a 360-degree view across your planning, spend, sourcing, and contracts
Using Raindrop’s automation toolkit, you can recover time to do more strategic activities
Adoption - Traditional Procurement tools generally are not widely adopted among internal teams due to outdated user interfaces and limited collaborative features.
Raindrop was designed to primarily address the current system adoption barriers. It provides an intuitive user interface and tools which –
Increase collaboration between internal teams and suppliers
Provide internal teams with a simplified view of their sourcing requests and who has the next action
Seamlessly integrate with your internal collaborative software
Have real-time visibility into enterprise spend and manage fiscal commitments proactively
As a Finance executive, instantly gain spend visibility and seamlessly integrate yourself with the Procurement process to help control the money leaving your company.
Raindrop can address your finance challenges by –
Challenge
How Raindrop Adds Value
Planning - Data scattered among multiple systems makes it difficult to accurately and effectively plan your organizational spend.
Raindrop enables you to have a unified spend data set for your financial planning needs by providing visibility into –
purchase commitments
commodity market trends
spend by supplier, region, function, etc.
Controlling spend - Rising commodity complexity and spend occurring across various functions all pose an inherent challenge which typically leads to increases in external spend.
Raindrop provides the necessary tools and workflows needed to control your spend by creating calls to action –
when the allocated money is nearing full consumption
when the commodity consumption is nearing the acquired amount
when accruals exceed budgeted amount
Analytics - Lack of real-time visibility and spend transparency across different suppliers, commodities, regions, and functions.
Raindrop provides a 360-degree view across different dimensions of spend, inclusive of –
commodity acquisition patterns, savings and avoidance achieved
predicting opportunities and risk involved with external supplier spend
predicting future trends using machine learning on your own spend data sets and historical market performance
