New Ameriquest Procurement Solution Transforms Indirect Spend Processes

New AmeriQuest Procurement Solution Transforms Indirect Spend Processes

1888 PressRelease - AmeriQuest's Indirect Procurement delivers speed-to-value, consistent contract pricing, and spend visibility for operational expenditures.

AmeriQuest Business Services, a technology-enabled provider of procurement, financial process automation, and asset management services, announced today it has launched a new solution that positively impacts one of the least-managed and most fragmented aspects of a company's procurement process - the purchase of non-strategic products and services that are a necessary part of doing business, called Indirect Procurement.

According to the report, "Procurement Outsourcing - Managing Indirect Spend,"1 typical mid-sized companies apply a disproportionate amount of resources to non-strategic procurement of products and services - such as office and MRO supplies, environmental services, and technology - even though they comprise only a small percentage of an organization's procurement purchases.

Initially, AmeriQuest focused its procurement solution in the transportation industry, and since that time has grown its customer base to more than 1,500 customers throughout North America. In 2013, AmeriQuest procurement customers purchased over $[474] million in goods and services through the program. This was made possible, in part, by AmeriQuest's highly experienced supply management team which has long-standing relationships with some of North America's largest suppliers. Now there is a move to offer these same benefits to companies in other industries as well.

"This next step in AmeriQuest's evolution will bring our highly successful, leveraged procurement solutions to the realm of indirect spend," says AmeriQuest's Founder, President, and CEO, Douglas Clark. "By combining price-competitive, pre-sourced programs with our industry-leading source-to-pay automation technologies, we are bringing unparalleled process efficiencies to our...