In an uncertain economy, procurement is critical to tightly controlling spending, invoice auditing, and other key tasks for better budget control — all the while expediting daily procurement processes and managing global vendor relationships.
Gain innovative procurement solutions with Cognizant’s “Procurement in a Box” BPS service. It’s designed for continuous process efficiency, cost effectiveness and simplicity, even in complex global operations. Our virtualized procurement team will partner with you to provide executive-level attention to ensure strong governance and performance.
We enable transparent reporting views for faster decisions, and give you the flexibility to adjust resourcing to accommodate business growth. The result: tangible financial benefits from improved operations.
Services We Offer
Our Procurement in a Box service integrates our contract repository, purchasing workflow, and finance platform modules to support your:
Spend analysis, demand and cost line management, supplier assessment and identification, sourcing RFI/RFQ & Reward E2E sourcing of low-value categories.
Data upload, review and administer contracts, catalogues and vendors, vendor relationship management, vendor performance and compliance.
PR creation, review and approval, purchase order generation and dispatch, PO expediting, and goods and invoice receipt.
Reconciliation of purchase orders, invoices and GRNs; discrepancy resolution, payments approval/rejection.