Our strategic partnership with Wax Digital, Europe’s leading provider of on-demand purchase-to-pay and sourcing solutions, allows us to deliver a full procurement software, consultancy and outsourcing portfolio to market. Together, our class-leading procurement solutions, people and processes deliver end-to-end spend management solutions covering Source to Pay, Procure to Pay, eSourcing, procurement outsourcing and consultancy.
We utilise Wax Digital’s Software as a Service (SaaS) web3 eSourcing platform to help drive additional savings for our clients. We’re also the first company to use a new web3 module called Savings Tracker, developed by Optimum in collaboration with Wax Digital, allowing us to enhance the quality and effectiveness of our procurement services.
Our expertise in over 200 spend categories adds significant value to Wax Digital’s eSourcing clients. Together, we currently serve over 80 organisations across 25 industry sectors in the UK, Europe, the Middle East and North America.
We see a clear gap in the market for independent procurement specialists to work together. As companies with highly complementary skill sets, outstanding sector credentials and a strong cultural fit, this was a natural partnership opportunity. Underpinning our processes with Wax Digital’s market-leading eSourcing and Savings Tracker software helps our clients to realise even more tangible returns and value from their procurement outsourcing.
A SaaS-based procurement outsourcing solution offers a tailored and flexible service to our clients, enabling competitive advantage through profit recovery and improved vendor management. web3 technology extends our analytical capabilities into adjacent supply chain areas including tail end sourcing, where substantial expenditure is often poorly managed and our involvement delivers significant bottom line impact
Commenting on the partnership, Wax Digital’s CEO, Paul Ellis, said: “Among the procurement sector’s development of ‘all-in-one’ service providers there are very few that can major on both technology and service excellence. We agree that there is an opportunity through partnership to differentiate and offer a service without compromise.
“Our clients will be able to benefit from Optimum’s skilled people and innovative processes, giving them greater support during Source to Pay or Procure to Pay implementations, with enhanced category expertise identifying savings through eSourcing.”
Both companies are recent recipients of global industry accolades. Wax Digital is recognised by Gartner as the UK’s No.1 Source-to-Pay software vendor and a top five vendor worldwide, with clients including Weetabix, Nissan, the NHS and Center Parcs. Optimum Procurement Group has been positioned by Everest Research Group as a top five procurement outsourcing service provider within the UK ‘Source to Contract’ sector and an Emerging Player globally.
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