Making all your processes electronic has tons of benefits. One can experience the reduced procurement errors, reduced costs, and more effectiveness in the business. Switching to e-procurement means switching to a less time-consuming method than the traditional one. It helps the customers in standardized buying and also increases the transaction speed.
Featuring for the Cover Story of The Business Fame’s issue of “Best of 5 Procurement Technology Solution Providers in 2021” is BOB e-Procure Solutions, a company that is redefining the e-procurement landscape with continuous innovations.
The Company-
BoB eProcure is a leading global procurement solutions provider bringing in digital transformation. The company is known for their easy-to-use, time- and cost-saving technology solutions that deliver improved efficiencies. Their products can potentially revolutionize procurement processes across a wide spectrum of industries, marketplaces and government institutions. Going beyond savings, the BoB eProcure suite of intuitive eProcurement tools facilitate 360O spend visibility, sustained supplier relationships, mitigation of supplier risks and process compliance.
Their comprehensive portfolio of solutions addresses the entire Procurement Cycle from Spends Planning/Budgeting – Requisitions Management- Sourcing (Negotiations, eRfx) – Contract management – GRN/Invoices Management to Pay-outs. This coupled with their powerful Supplier portal and intuitive dashboards enable stakeholders to have complete Control and visibility of their spends across product categories.
Based on the principles of open architecture, their solutions are agile, modular in design and offered on the Cloud. This enables their customers adopt and derive quick RoIs on the digital transformation of their procurement processes. Their products are Industry and market agnostic, while their engagement models are flexible.
E-Procurement Industry in India-
With the ambitious Indian economy targeted at 5 Trillion USD, the industry has a greater opportunity to grow in multifolds. On the other side due to the global competition, the margins are highly impacted. With the IOT and technology adoption, the production processes are optimized. The organizations are now focusing on making the procurement functions to be more effective, efficient and transparent.
With the impact of the COVID, it is inevitable for the operations to be executed remotely without impacting to the processes and stakeholder collaboration. Hence the organizations are adopting to the digital transformation in the procurement processes to bring in efficiencies along with the intelligence to predict and provide decision-making capabilities across organizations.
Their Products and Services-
BOB eProcure’s solutions/ platforms/products enable procurement organisations become the strategic constituents of their firm’s Growth journey while meeting their tactical Financial goals. Leveraging domain expertise with relevant technologies, BOB eProcure’s solutions/platforms/products delivers measureable benefits to all stakeholders in the procurement eco-system.
Understanding the customer’s vision and strategic goals for their procurement organisation is the mainstay of the company’s success. The collaborative approach taken by the team of account managers, product managers and customer’s stakeholders in defining the measurement of success, scoping out the unique needs of their customers prior to booking the order translates to a quick Return on Investment (RoI).
“We help enterprises unlock new features and functionalities and deliver differentiated value with our portfolio of procurement products, a team of experts, agile implementation methodology, and, responsive service.”
Professional Services
BoB eProcure’s procurement suite of products allows customers to scale on demand and build an agile and flexible procurement infrastructure at affordable costs.
Managed Services
BoB eProcure’s Managed Services comprise of Advisory, Consultancy, and, Project execution services.
Support Services
BoB eProcure’s Support Services have Training and Technical Support.
In a World of Competition-
“We stay above competitions who are global leaders with our user friendly and feature rich solutions. Continuous innovation in technology keeps us ahead in the market.
Quick deployments and high adoption rate are product OKR’s and we achieve this with our flexible, configurable and customizable solutions to meet to their industry needs.”
What Differentiates BoB eProcurement from Others-
Technology
BoB eProcure’s solutions are built on open source platforms which ensures their customer’s IT investments are future ready. Given that their consultants come with a wealth of experience across varied technology domains and industries, have the ability to provide seamless integration with any existing business applications – SAP, Oracle, or any other Industry standard applications.
Anticipating our customers need for mobility and big data analytics services, we are continuing our investments in this segment and will soon be ready to offer the next generation of holistic procurement solutions.
They continue to innovate to deliver customer delight by adopting technologies that help their customers to Simplify, Accelerate and Transform their procurement processes.
Industries and Markets
Centred on insights from Industry veterans and professionals, they have built a repository of global best practices based on the unique procurement compliance needs and processes of Government, Non-Government, Public and Private sector organisations. This has been further enriched by their experience gained from delivering solutions to industries ranging from
An Experience to Remember-
“We engage with the customer as a partner to create a direct and tangible value to our customer which is a core value of BOB eProcure.”
The company measures their success with the realistic savings delivered along with improvement in efficiencies. They have been consistent in delivering upto 8% average annual savings to their customers.
Their most successful and satisfactory experiences are when they have replaced the global leading procurement solutions and have solved the customer challenges which was not delivered by their competition. The company has been successful in delivering the ROI within 3 months of implementation.
Few of their success stories include :
- Automation of the entire Procure-to-source-to-pay solution for a global leader in textiles and retail industry. The automation included a single instance deployment for their 17 businesses which included strategic, tactical and tail spends in a hybrid environment of both centralized and decentralized procurement functions along with integration to their 3 SAP instances in less than 3months.
- Successful implementation of a comprehensive Budget-to-pay solution for 19 parastatals along with integrations to Oracle ERP to a developing country in Africa
- Complete automated solution to compute applicants’ responses, evaluate and pre-qualify based on the elaborate project specific requirement. This is implemented for an enterprise Bank to execute the projects funded by Government of India to developing counties.
- Implementing a first of its kind BOQ based strategic sourcing with multi round evaluation to a leading Construction and Real estate conglomerate.
The Team-
“We take pride in making BoB eProcure, an exciting and rewarding place to work.”
The team embraces new ideas, foster collaboration and strive to create an enabling work environment. Their team includes a diverse group of talent who are driven by a passion to innovate, build accessible products that help transform businesses.
They work with each other and leverage each individual’s unique expertise to solve difficult customer challenges – as a team.
“Each day our people stretch their own capabilities and focus on the right things that lead to inspirational outcomes.”
Know the Leader-
LAKSHMI GADIRAJU
Founder, CTO
Ms.Lakshmi Gadiraju spearheads the Product & Application development and is responsible for Technology Guidance & Architectural design of all products and services apart from vision, strategy, and innovation.
Ms. Lakshmi carries technology expertise in the areas of Java/ J2EE, SOA & Identity Management over a decade along with the certifications like Enterprise Architect.
Her stint as a Product specialist in SAP and Sr. Technical Consultant in Oracle Corporation working with clients across industry verticals, enriched her experience in managing client’s expectations and team management.
Ms.Lakshmi Gadiraju has been instrumental in guiding BoB eProcure’s product development and driving the technology envelope. She has received many accolades and awards for her benevolent stewardship and astute leadership. She was recently ranked amongst the 25 most Influential Women Managers – 2017, by The CEO Magazine.
When not deeply engaged in Product innovations, one would find Lakshmi spending time with her children, and indulging in her hobbies of painting and gardening. She unwinds listening to her favourite soft-rock bands.
She started her profession with a Bachelor’s degree in Mechanical Engineering from Andhra University.
K N VENKAT RAJU
Founder, CEO
Mr. Venkat Raju K N has about 18+ years of global experience spanning Asia Pacific, Europe and Middle East. He is very well respected and renowned amongst his peers for his passion for technology and his visionary entrepreneurial ventures. Mr. Raju is credited to have successfully incubated, scaled and monetized three ventures in the area of e-learning, healthcare, and technology resource services prior to establishing BoB eProcure.
His expertise spans Strategic Planning, Information Management, Product Development, and Marketing. Prior to beginning his entrepreneurial journey, Mr. Raju held various senior management positions at global firms such as Mittal group, Altacom etc.
An avid traveller and a film enthusiast, he enjoys watching movies of all genre.
Mr. Raju holds a Bachelor’s degree in Instrumentation from Bangalore University.
