Exploring the Capabilities of Traditional Procurement Systems

In this discussion, we aim to acknowledge the functionalities of established procurement systems, highlight the gaps in these systems, and then discuss how AltiosForce addresses these specific gaps.

Strengths of Established Procurement Systems

Established Platforms: These systems are known for robust and comprehensive procurement functionalities.

Identifying Key Gaps

• Limited Access to Employee Project Assignments: Traditional procurement systems often lack visibility into employees assigned to specific projects, a crucial aspect of effective SOW management.
• Absence of Project Management Data: Most of these systems do not house project management data, creating a disconnect between workforce, project progression, and spend.
• Vendor Management Modules: Many of these systems do not have modules for vendor management.
• Fragmented Data View: This leads to a fragmented approach, where linking data across total workforce, projects, and spend becomes challenging.

AltiosForce: Filling the Crucial Gaps

• Integrated Workforce and Project Data: AltiosForce provides an integrated view, linking employee assignments, project progression, and SOW spend.
• Enhanced Visibility and Insights: We offer deep insights into the total workforce and project-specific expenses, filling a gap often found in traditional procurement systems.
• Agility and Customization: Designed for flexibility, AltiosForce caters to the unique demands of SOW spend management, which general procurement systems may not fully address.