REDUCE COSTS THROUGH SIMPLIFIED MANAGEMENT OF SUPPLIERS
“Clients realise cost savings within the first month of implementation.”
-Yudi Naidu
The efficient management of suppliers and procurement processes is critical for insurers looking to reduce costs, maintain compliance and create operational efficiencies.
Built on our deep understanding of both procurement teams and suppliers, Codeplex Supplier is a centralised system that goes beyond supplier onboarding. It enables procurement teams to manage their panel of approved suppliers, track performance, enforce SLAs and gain complete control and visibility of spend direction.
“Clients realise cost savings within the first month of implementation.”
-Yudi Naidu
Features and Benefits
Easily Manage Your Panel of Approved and Non-Approved Suppliers for Greater Visibility and Control
- New suppliers complete a questionnaire and submit documents online, creating a seamless onboarding and approval process.
- Existing suppliers can request and make changes to their company information directly, ensuring up-to-date data and reducing the administrative burden on procurement teams.
- The system monitors compliance documents and automatically sends renewal reminders and notifications to suppliers, preventing expired documents from impacting procurement decisions.
- An update queue allows spend direction and critical information to be vetted before being applied to the system, ensuring accuracy and compliance.
- Suppliers receive notifications for profile changes that affect the spend direction allocation algorithm, preventing fraudulent modifications.
Seamlessly Integrate with Claims for
End-to-End Efficiency
- Suppliers are allocated based on service categories, location and performance, creating transparency in decision-making.
- Suppliers submit quotes and invoices based on pre-approved pricing structures, saving costs and eliminating pricing disputes.
- Claims and non-claims suppliers are managed from a single platform, creating operational efficiencies.
Stand Alone or Fully Integrated – Adaptable Solutions for Your Unique Needs
Codeplex Supplier can be used as a standalone solution to manage your procurement process for both claims and non-claims suppliers, or integrated with Codeplex Claims to create a holistic and seamless claims supplier ecosystem.
How it Works:
End-to-End Supplier Management
The procurement process begins with supplier onboarding, where new suppliers complete a customisable electronic application form that ensures all mandatory questions are answered and required documents (such as BEE and Tax certificates, company details, directorships and location; breakdown of services and commercials) are attached.
Once the form is submitted, procurement teams vet the information before it is presented to the Commodity Manager, who decides to accept / decline the application.
Templatised approval / rejection letters facilitate the process of notifying the supplier about the application outcome.
If the supplier is approved, the system facilitates the contracting process, allowing for pre-built contract templates, electronic signatures and automated workflows using pre-built templates.
Once contracted, the supplier is enabled for allocation using the spend direction algorithm.
The seamless integration between Codeplex Claims, Codeplex Supplier and third parties comes into play as suppliers are allocated using the Codeplex Claims solution, spend direction algorithm or via the third party systems, using APIs.
Real-time supplier performance data is continuously fed back into the Codeplex Supplier solution, enabling procurement teams to monitor performance and take action where required.