2 min
Most enterprises do not have a transaction-level view of their supply chain activity, easily-maintained and available in real time.
That's because most companies are complicated with multiple forwarders, carriers, geographies, subsidiaries, products, suppliers, accounting systems and procurement teams.
If the enterprise was a "molecule" - building it up from all these different "atoms" is a difficult job.
There are a lot of different sources (ie: atoms) to coordinate - especially as systems and service providers are always changing.
But there is an easy solution - ignore the "atoms" and get the "molecule" directly from suppliers.
Suppliers actually have all the information that we want.
So what's needed is a simple, practical and timely way to collect supplier data.
PrimaTrade has developed exactly this platform.
The idea is so simple:
Each time goods or services are provided by a supplier, the supplier logs into the Prima platform.
The supplier uploads all the paperwork involved - transport documents, invoices, inspection reports, packing lists, ESG reports etc.
And the magic is the quick and easy way that suppliers can "self-digitise" their paperwork on the Prima platform - converting paperwork accurately into data without a lot of effort. This is all done on the suppliers' desk - so there is nothing for the buyer to do.
And there it is - the molecule arrives built up from the paperwork that the suppliers already have.
This short video (also on our home page at www.prima.trade) explains how valuable supplier data can be - and the simplicity of the concept involved.
Our implementations can deliver positive returns from day one (ie: savings exceed costs from the start).
Moreover, it is quite feasible to try out our platform without an IT project:
Select some suppliers (eg: up to 100).
We set them up on the platform.
They upload and self-digitise paperwork.
Discounts, cash flow and savings can start.
Use this link to book a time for a quick chat: click here.