Frequently Asked Questions
- What is Covendis Services Procurement Solution?
- Who should consider using Covendis Services Procurement Solutions?
- What are the benefits of using Covendis Services Procurement Solutions?
- Can we install it on our own servers or is the application hosted?
- What does it cost?
- How long does it take to implement?
- Can Covendis Services Procurement be deployed internationally? Can it handle double-byte characters?
- A staffing company has offered their procurement services at no cost. Why should we use, and pay for, Covendis instead?
- Why should we purchase a Services Procurement Solution from Covendis?
What is Covendis Services Procurement Solution?
Covendis Services Procurement Solution helps companies save time and money by simplifying services purchasing. Covendis 7, a bundle of our most popular modules, allows companies to streamline and automate their services procurement process, eliminate paperwork, and get real-time information.
Who should consider using Covendis Services Procurement Solutions?
Any company that spends a significant amount of money, $1 million or more, on services each year will benefit from Covendis' Services Procurement solutions.
What are the benefits of using Covendis Services Procurement Solutions?
You can save money, save time, and monitor and control your company's spending all on a web-based application.
Can we install it on our own servers or is the application hosted?
Covendis can install the application on a customer's servers, behind a firewall, or it can host and maintain the application for them.
What does it cost?
Covendis charges a fraction of what other companies charge for similar services. We can offer low rates because we do not spend heavily on advertising or marketing. Plus, our advanced technology costs less to operate. We take these savings and pass them on to our customers.
For example, Covendis On-Demand is generally priced as a transaction fee that usually starts under 1%. Companies can manage millions in spending for just a few thousand per month.
For enterprise, on-site installations, Covendis Enterprise Edition licenses and services start under $100,000.
How long does it take to implement?
Covendis On-Demand, our hosted option, can be deployed within a few days. Covendis Enterprise Edition, our installed option, can be implemented in 6 to 12 weeks.
Can Covendis Services Procurement be deployed internationally? Can it handle double-byte characters?
Covendis Services Procurement is the first of its kind to support both single and double byte characters, making it suitable for international deployment.
Covendis Services Procurement also has full currency conversion capabilities. Companies can establish divisions, corporate entities, and geographical affiliates with a preferred or "dominant" currency. Requisitions can be negotiated in all major currencies, and then invoiced in the company's preferred currency. Global reporting can be pooled into a single currency to give enterprise-wide visibility of services spent.
A staffing company has offered their procurement services at no cost. Why should we use, and pay for, Covendis instead?
Most supplier-based tools are focused only on service categories for that particular business. Customers that wish to add additional service categories in the future will need to implement multiple solutions, adding to overall costs. Covendis provides a solution that addresses the broadest range of service categories so that customers can start with Covendis and stay with Covendis.
Covendis and its partners also provide, and are experienced with, "Supplier-Funded" pricing models which are of no cost to buying organizations. Covendis can tailor pricing to meet your company’s needs.
Why should we purchase a Services Procurement Solution from Covendis?
In the long run, the price of a solution doesn't matter if it isn't allowing you to monitor and control your company's spending, or saving you time and money.
Covendis works. It's fast and it's priced at a fraction of the cost of our competitors. Covendis makes it easy for companies to buy, sell, and manage services.
While companies have come and gone, been acquired or merged, Covendis has focused on improving its best-in-class services procurement solutions. So companies can start with Covendis and stay with Covendis