SunGard looks to rationalise procurement with Wax Digital

July 11, 2013 - PRLog -- SunGard Availability Services, the pioneer and global provider of Information Availability services has turned to Source-to-Pay specialist Wax Digital to help source the products and services underpinning its core business more cost-effectively.

Starting with a pilot project to help reduce its IT hardware spend, one of SunGard’s biggest spend categories, Wax Digital’s eSourcing consultants helped SunGard use its on demand web3 eSourcing platform to generate savings  and optimise supplier contracts without compromising on service quality.

Following on from this successful pilot project, SunGard has successfully managed a buildings and maintenance ITT and eAuction event, resulting in savings of over 11 per cent. In a very short space of time, this single event achieved an ROI of 300 percent and SunGard now plans to run eAuction events to help minimise spend on a number of other planned projects.

Wax Digital web3 ties into SunGard’s overall procurement strategy and helps the organisation to purchase the products or services it needs cost effectively, yet still meet its defined quality system and process requirements.

Steve Lea, finance and administration director, SunGard said: “We operate in an extremely competitive marketplace and although sourcing products and services at the right price is critical to our bottom line, we cannot afford to compromise on quality.

“Having considered a number of alternative providers, we chose Wax Digital as it has a wealth experience of working with enterprise-level organisations to source the right products and services at the right price, which benefits our many customers.

Commenting on web3, Simon Dobson, procurement manager, SunGard said: “Not only is web3 extremely cost effective, it is very intuitive and we were up and running with the service quickly with minimal training.”

“The building and maintenance eAuction event has achieved 11 percent savings. We have a number of other projects lined up in the future and we expect them to yield similar cost savings.”

Paul Ellis, managing director, Wax Digital said: “We are extremely pleased to have been chosen to assist with SunGard’s tendering and auctioning requirements. SunGard’s cost savings from using our web3 eSourcing solution clearly demonstrates how eProcurement technology can support an organisation’s cost saving initiatives.

“Cutting unnecessary spend through eSourcing is a process currently being undertaken by many companies in the UK and we have a proven track record of helping enterprises achieve more effective cost control across the entire organisation.”