Parabilis
Our Parabilis marketplace benefits EGS's university customers.
This electronic marketplace allows buyers and suppliers to trade quickly and efficiently. Universities can improve efficiencies and drive down the costs of their procurement operations. Easy to use and implement, Parabilis brings the purchasing process under control.
Parabilis can be operated as a standalone procure-to-pay (P2P) platform or in tandem with your current finance systems. It enables access to a range of appropriate national and regional framework contracts and will provide a single interface between universities and their substantial supplier bases.
Parabilis is a hosted solution, so there are no complicated application implementation or IT support issues. Customers benefit from the following functionality:
- Web-based requisitioning and approval workflow (in P2P mode)
- Online access (direct or via your finance system) to national and consortia contracts, using online catalogues and/or links to supplier web sites
- Orders delivered to suppliers by fax, email or directly into their back office systems
- Web-based receipting
- eInvoicing & invoice matching
- Comprehensive management information at Institution and Consortium level.
Parabilis can deliver these business benefits:
- Transactional savings
- Reduced maverick spend
- Rationalised supplier adoption and management
- Increased buying leverage through collaboration
- Reduced order errors
- Much improved management information, bringing the buying process under control
- Considerable reduction in paperwork
- Reduced costs of goods and services through access to existing framework contracts
- A single, easy-to-use, ordering system for all requirements, contract items and free-text
- Improved negotiating position for future contract negotiations through detailed spend information.
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