The Digital Revolution is here. Scroll to find out about Doxa Connex.
Doxa Connex offers a unique procurement ecosystem where buyers and suppliers can digitally connect. With multiple verticals onboarded to Doxa Connex, more benefits and enhancements can be enjoyed by existing users.
Identifying the pain-points in business processes
Companies have value chains supported by standard business functions like Procurement, Sales, and Accounts. The synergy between these functions can directly affect the bottom line of the company. As companies expand, bottlenecks decrease productivity and efficiency. Our industry research analysis shows some key challenges affecting every procure-to-pay workflow.
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Manual Workflows
Data Entry Reconciliation: Invoice, PO, GR
Transfer and filing of physical documents
Impact
Estimated USD$11.57 cost per invoice processed
Tracking & Visibility
Outdated status of PO, DO, GR, Invoice, Payments
Physical documents & communications trail
Impact
Inability to collect data for analysis
Disparate Systems
Different internal systems do not communicate
Duplicate data entry effort between systems
Impact
Inconsistent Data
Financing Woes
40% of SME trade finance applications rejected
Lack of audit trail double/ triple financing risk
Impact
Unable to free up more cashflow
Doxa Connex as the Foundation
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Provides the foundation and security for complexity and scalability
As every industry is different, we took the time to understand our client’s industry common practices and created enhancements that cater to their workflow. Due to a lack of confidence in adopting technology, companies are still using highly manual procurement methods causing an increase in processing costs.
Our philosophy of co-creating and co-designing solutions with our clients every step of the way, having an open channel for communication and this ensured our solutions solve pain-points directly, building a relationship based on trust and confidence.
Common benefits enjoyed by our clients
Significant cost savings
Minimise document transfer in person
Minimise miscommunication
Minimise delays in payments
InvoiceNow to suppliers
Integration with internal systems
Increase financing ability
Calculate how much you could save
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Calculations are purely estimates and are based on figures taken from the “Ardent Partners Payable Metrics That Matter 2020” report. These figures are purely for informational purposes and should not be construed as an offer or commitment to actual deliverables.
