The eLink™ Gateway system is a cloud based spend management solution for building, implementing, hosting and maintaining customized direct URL and punch out catalogs for better managing the purchase of business-to-business (B2B) products and services, particularly indirect supplies, from contract vendors.
By hosting your own shopping catalogs for your preferred suppliers, managed by the VIT team, you can harness the power of multi-vendor catalogs to direct your employees to the best priced items after you’ve negotiated contracts. This ensures that you receive ongoing, competitive supplier pricing and is how eLink™ helps you automate price stewardship.
The eLink™ Gateway system allows you to take control of the online shopping experience by implementing automatic product comparisons and substitutions across multiple contract vendors, as well as implementing sophisticated management control features such as:
Get detailed, auditable savings reporting that you can track down to the line item level. eLink gives you an audit trail to easily track actual savings generated from the product substitution decisions made by the procurement team beyond comparing budget to spend. This way, you can use the system to help you mesh theory to practice and quantify hard savings.
eLink™ will manage supplier catalog integrations for punch out catalogs or allow you to control unapproved supplier price changes in real time, and even prevent them, by utilizing the VIT team to facilitate catalog builds/updates on your behalf rather than relying on suppliers to update prices themselves in their own punchout catalogs.
You can control end user product choices and implement customized product substitutions on a recommended or required basis by hosting your own supplier catalogs, which can even be applied across multiple vendors.
Automate your demand management with automated product substitutions to manage product choices for savings so that your team can spend more time on high-value activities with eLink’s patented optimization process to manage complex business rules at point-of-purchase.
With eLink™, you will have visibility into detailed transaction data (125+ points of data per line item per order) to the line item and user level so that you can get detailed, customizable management reporting and insights for product standardization and savings opportunities.
Ensure that your supplier contract terms and pricing are adhered to in practice. eLink™ provides the ability to do 3-way PO matching so that all of your supplier transactions can comply with your financial requirements and contract terms so that you can eliminate price discrepancies.
The eLink™ Gateway system allows companies to manage the product and service choices of their associates across the entire supplier base, resulting in maximum cost savings and greater management control. The eLink™ platform does not compete with other procurement platforms or the procurement modules of ERP systems. Instead, it typically fills the gaps in functionality of those systems.
The eLink™ Gateway system has proven to be a great fit for large enterprises to save millions of dollars on your indirect material purchases. Until the development of this technology, it has been nearly impossible to generate savings this way. The eLink™ system was recently awarded a Global Technology Innovation Award from Red Hat for the uniqueness of its eCatalog technology coupled with its cost-saving data analytics and automated management controls.
In addition to cost savings, the eLink™ Gateway system can be used to promote the purchase of products from the following:
- Diverse Vendors
- Local Vendors
- Vendors with Environmentally-friendly Products
- Other Unique or Socially Conscious Initiatives
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