Gainfront SLM

A solution that empowers enterprises with the digital transformation of the end-to-end procurement process.

Technology has completely changed how enterprises collect and act on real-world information. Businesses across industries and verticals are realizing that manual processes, which once sufficed to meet an enterprise’s objectives and goals are no longer applicable in today’s modern world. And procurement is no exception.

The idea is to de-materialize all source-to-pay activities and processes, and all resulting interfaces with in-house stakeholders and suppliers. The potential gains in efficiency are massive and would liberate resources to be reallocated to higher-value tasks. The digitization of procurement processes also enables the generation of new data, which can be used in turn to perform more detailed analyses of procurement practices, consumption models, and supplier transactions.

Gainfront Procurement spend management solution automates accurate allocation of Direct and Indirect spend and simplifies processes to control and reduce indirect, maverick, tail, and MRO spend. Gainfront’s spend management and spend analytics solution is highly customizable and capable of the following.

• Normalizes, categorizes, and consolidates your spend data in one single place.
• Makes a list of approved vendors for different categories with accurate data normalization as per your business needs.
• Incorporates and tracks complete vetting and compliance processes and identifies non-vetted and/or non-approved vendors.
• Gives you complete spend reports with a breakup of direct, indirect, maverick, and tail spend by category.
• Leadership Dashboards help you easily identify the spend for the top 10 categories with identified maverick spend analysis reports. For each category, lists the total spend and % of the maverick spend on 12 months of data.
• Allows forecasting lost cost savings over the next few years for those categories with identified maverick spend. Gainfront’s forecasting feature allows to project out spend for a 2-3 year time-frame.
• Identifies vendors and stakeholders who are primary drivers of maverick spend.
• Calculates the cost savings leakage for various categories.

• Automates the purchase order approval process by ensuring that all purchase orders go through the required approvals.
• Punchout2Go ready with catalogs to give buyers more visibility in finding products and services they are looking for thereby minimizing the need for using outside vendors.
• Gainfront’s robust diversity solution allows for adding net new vetted diverse suppliers in their supply chain and increased savings. Gainfront works with customers to get their qualified small and diverse suppliers to get punch2go ready to give additional buying powers to buyers and increased cost savings
• Gainfront’s Integrated contracts module gives buyers details on negotiated rates when deciding on using a supplier.
• Gainfront’s integrated SRM solution gives complete performance and sustainability/compliance scores. This enables buyers to reduce maverick spend by choosing approved vendors for required goods and services with better performance and sustainability/compliance scores to help make better buying decisions.

Gainfront SRM drives collaboration with your suppliers to reap improved value, minimize your organization’s procurement costs, optimize procurement savings, improve the supplier experience, and achieve continuous improvement across the entire Procurement cycle. With Gainfront SRM, your business users can easily manage the procurement process and engage with and manage suppliers, from global supplier onboarding, through risk and compliance management, integrated Rfx management, and spend analysis reporting. Gainfront SRM includes Supplier Performance Management (SPM) and enables two-way digital communication between your organization and your suppliers.

• Easily engage and communicate with suppliers from the point of RFx submission through supplier onboarding, profiling, and compliance.
• Helps you build a sustainable compliance diverse workforce.
• Rate supplier performance individually and comparatively with other suppliers via scorecards and ratings that make sense for your business.
• Continuously build improved relationships and performance with suppliers by offering relevant news and training.
• Enable suppliers to easily bid on opportunities under a certain value.
• Engage with suppliers with Gainfront’s News and Events feature.
• Let suppliers access and bid on select opportunities that do not require an RFx.

Gainfront Contracts allows business users to easily manage contract requests, development, review, approval, execution, renewal, and disposition. With records management features, users have version control and redlining capabilities and can store, search, retrieve, and analyze contracts. Your suppliers can also use the solution to create profiles, submit contracts, invoices, and payments and view status, redline contracts, upload compliance documents as required, and track rebates.
Gainfront Contracts provides five key features that allow your organization to:

• Digitally manage the contract lifecycle
• Create and manage a document vault
• Track and analyze savings
• Track rebates
• Forecast future spending

Gainfront Diversity is a one-of-a-kind solution that manages and tracks Tier 1 and Tier 2 diversity spend and supplier certification management. Users can set goals at Tier 1 and Tier 2 levels and monitor the progress to the target. The Tier 1 process manages direct and indirect spending, tying supplier diversity spending to your overall procurement process. The solution also manages and reports tier 2 spend, providing automated customer reporting with accurate direct/indirect spend and allocation factor calculation.

In addition to Tier 1 and Tier 2 diversity spend management, analytics, and reporting, Gainfront Diversity also provides:

• Certification management and automatic renewal processing
• Access to Qleads, a Gainfront-developed database of suppliers
• Economic Impact Analysis report

• Drive collaboration with your suppliers to improve the supplier experience and reap improved value
• Achieve continuous improvement across the entire Procurement cycle
• Reduce your organization’s procurement cost and optimize procurement savings
• Streamline procurement workflows to improve productivity
• Eliminate discontinuity between contract agreements and performance tracking from various procurement sourcing
• Improve your negotiating stance with suppliers
• Improve your suppliers experience
• Easily execute your corporate minority supplier development plan
• Identify new opportunities by introducing new products and services
• Open multiple channels for goods and services
• Drive more competition in regards to pricing, sourcing, and services
• Improve your organization’s margins and profitability

Gainfront offers enterprise agencies an integrated Procurement solution that digitally transforms procurement and supplier relationships, from the RFx process supplier engagement and performance management, diversity reporting, and payment. Gainfront Procurement solution includes Q Spend Management, Gainfront Supplier Relationship (SRM), Gainfront Contracts, and Gainfront Diversity.

As a Gainfront customer, you can choose to implement one or more of these solutions, which can easily integrate with your existing procurement applications, or one integrated solution that streamlines your procurement process, reduces costs, improves supplier relations, and helps your organization realize additional savings. With either approach, Gainfront’s solutions are highly customizable to fit any organization’s procurement process.

Founded in 2014, Gainfront serves customers around the world from its headquarters in Palo Alto, CA.