Techpanion Solutions: Meeting and Exceeding Procurement Objectives with Higher ROI
Over the years, market instability continues to grow. To maintain relevance, businesses continue to evolve as they embark upon the journey of digital transformation to achieve a completely digital economy. Businesses are now incorporating various advancing technologies into achieving more responsive and agile operating models. Pivotal to this strategy is the digital transformation of the procurement function. Streamlining S2P (Source to Pay) in tandem with bolstering collaboration between procurement, finance, suppliers, and buyers is the need of the hour. S2P automation not only drives efficiencies but also ensures continuity and performance. However, e-invoicing in India is still at a nascent stage. While this segment gradually gains maturity, companies are looking for a holistic solution, right from supplier onboarding to contract management to invoicing. It is beneficial to opt for procurement automation rather than only e-invoicing. Automation solutions in the market are available as off-the-shelf products and customizable platforms. These products are quick to implement but lack flexibility. Meanwhile, platforms are designed to be implemented department/organization-wide, but are costly and difficult to implement, and maintain.
Combining the most desirable attributes from both types of solutions is Mumbai headquartered Techpanion Solutions with its novel NimbleS2P, an S2P solution with supplier portal as the central offering. The feature rich SaaS solution assists clients to eliminate manual interactions & dependencies and enables real digital transformation which gives ROI as well as longevity. “In India, there are not many players who have a comprehensive solution for Source to Pay.
Some of the international players are very difficult to implement, and the total cost of ownership makes it non-feasible. We are positioned perfectly in terms of features, service, value and support,” explains Chandresh Sharma, CEO at Techpanion Solutions.
Effortlessly Automating Critical Processes
The innovative solution has been designed and developed with platform capabilities, AI & ML, along with pre-built templates, libraries, cloudenabled and business-friendly interfaces, or in some cases no interfaces. The company’s strength lies in techno-commercial solutioning, where they have been successful in driving revenue, optimizing cost, and ease adherence to compliances for their clients. NimbleS2P is built on the same principle, keeping a diverse supplier ecosystem, features that matter, ease of use and flexibility.
While most solutions available take 10 to 18 months to implement, NimbleS2P requires just three to six months. “We work closely with CFOs, CPO and CIOs to automate critical processes in finance, procurement and operations for compliance, efficiency & excellence. Our expertise lies in designing and implementing technology solutions which create long-term business benefits and enable organizations to get into an active mode,” says Chandresh.
Having catered to a gamut of large and medium enterprises pan India, the company has secured its first client overseas in Europe and envisage establishing a full-fledged office in UAE and UK in the coming months. Chandresh concludes, “On Partnerships, we are gaining strength day by day. We have up-and-coming, large and reputed companies in financial advisory, supply chain finance and ERP implementation services joining hands and ready to market NimbleS2P.”
The innovative solution has been designed and developed with platform capabilities, AI & ML, along with pre-built templates, libraries, cloudenabled and business-friendly interfaces, or in some cases no interfaces. The company’s strength lies in techno-commercial solutioning, where they have been successful in driving revenue, optimizing cost, and ease adherence to compliances for their clients. NimbleS2P is built on the same principle, keeping a diverse supplier ecosystem, features that matter, ease of use and flexibility.
While most solutions available take 10 to 18 months to implement, NimbleS2P requires just three to six months. “We work closely with CFOs, CPO and CIOs to automate critical processes in finance, procurement and operations for compliance, efficiency & excellence. Our expertise lies in designing and implementing technology solutions which create long-term business benefits and enable organizations to get into an active mode,” says Chandresh.
Additionally, NimbleS2P is a SaaS solution integrated with Laserfiche, recognized as one of the world’s leading CSP platform with over 35,000 customers worldwide. Laserfiche, with its powerful low code automation capabilities, Azure’s cloud, ML and cognitive capabilities, and NimbleS2P with its custom libraries, customer and supplier interfaces together, is a winning combination for S2P Automation.
We work closely with CFOs, CPO and CIOs to automate critical processes in finance, procurement and operations for compliance, efficiency & excellence
Having catered to a gamut of large and medium enterprises pan India, the company has secured its first client overseas in Europe and envisage establishing a full-fledged office in UAE and UK in the coming months. Chandresh concludes, “On Partnerships, we are gaining strength day by day. We have up-and-coming, large and reputed companies in financial advisory, supply chain finance and ERP implementation services joining hands and ready to market NimbleS2P.”
