CHAMPS GPO Collaborates with Procurement Partners to Launch SAAS Procure-To-Pay Platform
CHAMPS Group Purchasing (GPO) today announced a new partnership with Procurement Partners, a leading provider of procure-to-pay (P2P) solutions. The collaboration includes development of a new CHAMPS GPO P2P platform available for its members and suppliers. Offering comprehensive supply chain purchasing and automation from point of order to payment, the new platform will drive the efficiency of purchasing, invoicing and auditing for both members and suppliers of CHAMPS GPO.
The Procurement Partners team is comprised of P2P and technology experts with decades of experience working for healthcare, vendor, contracting and software organizations. Their proprietary software is scalable and flexible to fit in any marketplace with organizations of any size. They manage all software development, integrations, implementation and support in-house, providing service on every level.
Implementing the Procurement Partners solution creates a value-add for CHAMPS GPO’s 14,000+ members. System benefits include ordering controls through increased contract compliance, electronic order approval workflows and complete transparency of all purchases. Adoption of a P2P system has shown to offer several automation and cost containment benefits, resulting in an average savings of 10% or more.
This partnership is also advantageous to the CHAMPS GPO vendor community as the invoicing processes are streamlined and consistent from month to month — improving payment timeframes, reducing administrative cost, errors and financial risk.
“Our GPO members are looking for savings that go beyond commodities to operational savings which impact their bottom line,” said Tracy Wise, Vice President at CHAMPS GPO. “We are serving member needs and helping connect suppliers of all sizes to our membership for the health of the entire supply chain.”
“We are excited that CHAMPS GPO has selected Procurement Partners as the Procure-to-Pay solution for their members, and we look forward to bringing significant cost savings, compliance, and efficiencies through automation to them for years to come,” said Rusty Zosel, CEO at Procurement Partners. “Procurement Partners is uniquely positioned to deliver our solution to the largest members of CHAMPS GPO with dozens of managed facilities through the CHAMPS GPO P2P Portal.”