Executives

Strategic sourcing for better business decisions

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 –

ChallengeHow 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.

Procurement

Procurement services for your enterprise

Procurement

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 –

ChallengeHow 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

Finance

Real-time visibility into enterprise spend & management

Finance

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 –

ChallengeHow 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