CASE STUDY
Procurement automation takes off at Flybe Optimising spend, streamlining supplier management, reducing risk and ensuring best-value purchasing across the business; why Flybe has implemented Wax Digital web3 Source to Pay.
Integrated supplier master data All master supplier and contract data is hosted in web3, fully integrated with Flybe’s Sage X3 finance system Procurement time and cost savings An end-to-end electronic procurement process cuts manual workloads and administration costs Increased efficiency and output
Powering our source to pay processes with web3 brings around 2,000 vendors with an annual spend of several hundred million pounds under management. All our supplier and contract master data is managed in web3, fully integrated with Sage X3 and our airline-specific direct procurement systems such as Airpas and AMOS, so we’re now in total control of supplier data quality and risk management. We expect significant and ongoing cost savings for the business. Richard Young Director of Procurement and Finance Business Partnering, Flybe
Flybe is doing more with less, running sourcing events more frequently to identify cost savings for the business across a wider category set Improved compliance and risk mitigation Electronic supplier due diligence and on-boarding, with all supplier master data stored centrally, alleviates supply chain risk in a heavily regulated industry Enhanced supplier negotiations Using web3 Contract Management, automated alerts stop contracts rolling over so Flybe can renegotiate terms and prices to ensure suppliers continue to deliver great value Supporting strategic initiatives As part of a long-term aircraft fleet review, web3 drives efficiencies in purchasing process with manufacturers across the world
Hello. We are Wax Digital For the past 17 years we’ve been providing innovative procurement and spend management solutions to help organisations reduce costs, achieve greater efficiencies and improve spend compliance and control. Our web3 software is used in over 100 countries, with 260,000 users managing £23bn of spend annually.
Let’s talk about your next eProcurement project. Call us on 0333 323 1187 or visit waxdigital.com