TRANSFORM SPEND MANAGEMENT Intuitive Web Based & Mobile Solutions

TRANSFORM SPEND MANAGEMENT Intuitive Web Based & Mobile Solutions

Agenda About Paramount WorkPlace Industries Trusted By Growing Pressures and New Trends in Spend Management Demo Procure to Pay calculator

Founded 1995 HQ: Metro Detroit Offices: GA, ND, OH, VT, VA, WA, OR, ON 02 03 04 Mobile & Web Based Cloud Solutions 05 01

Worldwide Over 131,000 Users Standalone Out Of The Box Real Time Seamless Integration SaaS/Cloud Based Hosted On Premise Easy for Employees Effective for Management Powerful for Accounting Industry Strength Customers in 14 Industries 03 04 05 02 01

Industries Include

Trusted By

Overview Seamless Out of the Box Integration Multi Currency & Multi Language Annual Releases (Users Feedback & Wish Lists) 100 % Web Based Multiple Browsers & Multiple Devices Deeper Visibility Anywhere, Anytime, with Ease Multiple Authentication Modes Application Single Sign on Active Directory SQL

Company s Differentiation Longevity in the Spend Management space Subject matter expertise Ability to develop and roll out new features very quickly The way in which the team engages with each customer Deployed resources for each customer to ensure successful rollout and implementation across the entire organization Dedicated in house development, QA, customer service Keen focus on users experience and product quality

Product Differentiation Strongest out of the box integration Extensive functionality & robust workflow Agility and back end architecture to work on different platforms Flexibility & ease of use 1 st to market OCR with logo recognition features Advanced OCR online & offline capture B2B integration with industry standard Cxml PunchOut vendors Unlimited Routing Rules, Approval Rule, Approval Paths

Presenter Foy Mainor Vice President of Sales

Personal Experience Challenges for a local Sports Organization Small Not for Profit < $1m in annual revenue Review of spend over an 18 month period 17 hammers 45 pairs of work gloves 3 cordless drills Diet Coke and Snickers bar Poor vendor relationships

Simple Solution and Benefits What we did on a basic level Paper based PO Email approvals Control who can spend and what they can buy Significantly reduced spending Improved vendor relationship

Mobile Requisition App Catalog Shopping & Approvals Receiving & Check Request Punch out & Catalog Project & Job Cost Vendor Portal Vendor Contract & Approval Inventory & Materials Budget Enforcement Ad Hoc Approvals Powerful GL Distributions Powerful Tax Engine Multi Currency & Multi Language Multi Company & Inter Company Dynamic Rule Engine & Approval Workflow Robust Questionnaire Capabilities

Growing Pressures Decentralization Widespread and/or remote employees, making purchases as needed Goods obtained without POs, from unapproved suppliers AP is left doing wondering: was this purchase authorized?

Growing Pressures Where do you want to see the greatest improvement in your procurement process?

Market Analysis: Procurement Process Improvements Cost control and supplier negotiation and spend visibility are some of the biggest pain points in the procurement process In what areas would you like to see the greatest improvement to your procurement process? 2018 PayStream Advisors Travel & Expense Report Levvel, Inc.

Area of Opportunity Organizational Integration Are your purchasing policies centralized to the extent possible? Outline each step of the purchasing process from requisition to the receipt of goods. Standardize employee purchasing across departments to prevent discrepancies.

Market Analysis: Accounts Payable Pain Points Manual routing of invoices and entry of invoices are businesses number one pain points in the AP workflow process What are the top three biggest pain points you experience in your AP workflow process? 2018 PayStream Advisors Travel & Expense Report Levvel, Inc.

Growing Pressures What s the pain point that causes the most damage to your supplier relationships?

Area of Opportunity Supplier Collaboration Do you have a long term supplier collaboration strategy, or change suppliers as needed based on price? Utilize eprocurement to take advantage of preferred vendor agreements & discounts Leverage your platform to automate continuous supplier communication Make strong supplier relationships your goal, NOT short term savings

Demo

Procure to Pay Calculator http://paramountworkplace.com/procure to pay calculator/

Thank You 800 725 4408 FoyMainor@ParamountWorkPlace.com

Our Mission To help people transform spend management and enhance efficiency, collaboration, and ROI across their entire organization. Our Goal Develop intuitive and advanced web based & mobile spend management solutions. ParamountWorkPlace.com