• Ordering incorrect products resulting in out of stock items, inconsistent branding and/or return expenses.
• Increased “Maverick” spending reducing ability to leverage purchasing power
• Over spending in some or all spend categories resulting in over stock
• Lack of accountability on fulfillment and invoicing

Traditionally, solutions to these issues require large upfront financial investments along with required resources that SMB companies generally do not have.Additionally, even after these types of solutions are purchased, the expected ROI is not often realized due to lengthy implementations, implementation failures and unachievable benefits. Tools are available today that address some of these issues, but there are very few e-Procurement solution that allow Buyers and Suppliers to collaborate and jointly manage the process.

Addressing the Challenges

To achieve effective corporate procurement operations, customers need:

• Collaboration: To improve accountability between Buyer and Suppliers, collaboration allows customers to monitor order tracking, order fulfillment, and invoicing, thus allowing greater visibility into the purchase order lifecycle. Customers can therefore accurately measure item substitutions and contract compliance, which enforces pricing and eliminates overcharges.
• Automated Workflow: An automated, configurable approval process to ensure that spending is approved within required limits and approved vendors, while at the same time reducing the burden on purchasing managers.
• Integration: A procurement system should have back-office integration with A/P, Inventory, and POS systems to ensure the integrity of purchasing data as reflected in purchase orders and invoices.

The ReactorNet Approach

ReactorNet takes an innovative approach to providing solutions to these customer problems:

• Collaborative: ReactorNet has designed collaborative software that integrates buyers and suppliers’ requirements and responsibilities onto one platform allowing Buyers and Suppliers to share in system management functions, making change management achievable, thus easing the burden on both parties.
• Structure: ReactorNet solutions take a task oriented approach to managing procurement by recognizing various authorization and work levels in the procurement management hierarchy thus building in native support for organizations with one corporate office and multiple field locations and users.
• Modular: ReactorNet software is modularized so that solutions can be customized to fit specific company needs and maximize ROI.
• Hosted: ReactorNet provides e-Procurement solutions via an ASP model. This makes it easy to get started with minimal upfront investment of dollars and customer resources.
• Flexible: ReactorNet integration support is built for flexibility with connectivity capabilities to major back end financial and data base solutions.

The ReactorNet Difference

ReactorNet solutions allow Buyers to:

• Eliminate the manual procurement process:
  - Save time
  - Enhance productivity
  - Increase total spend under management
• Improve work flow:
  - Automate the requisition process
  - Pre-approved spend allowances
  - New products seamlessly added to order guides
  - Global access via web; Anytime, Anywhere
• Improve Accountability with supplier
  - Consolidating volume and creating partner loyalty
  - Enhance order tracking process
  - Greater visibility on item substitutions
  - Timely order fulfillment data
• Real time knowledge of field and corporate spend:
  - Forecasting with correct and complete data
  - Reduce G & A
  - Eliminate maverick spending
  - Reduce errors/improve accuracy
  - Improve corporate financial compliance