Most companies require similar products and services for their offices. Yet, each company spends time and resources on scouting vendors, onboarding, negotiations, and compliances. For example, one might require a courier vendor or a plumber for his or her office. Now, the neighbouring office has spent time and resources in identifying suitable vendors and negotiating with them. Again scouting for a supplier in the same domain is a sheer waste of time, energy and money. Opting for a service from an expert agency that has already done the hard work of identifying competitive and quality suppliers across all areas is a smart choice. Genie Bazaar is one reliable leading procurement platform that is offering end-to-end digital solutions to address all needs of procurement managers and office administrators.
Genie Bazaar offers a standard P2P (procure-to-pay) platform. In addition, it provides an active vendor marketplace across industry segments and helps with the execution of tasks. Some of the largest companies in India and largest startups are leveraging Genie Bazaar’s technically advanced procurement platform.
In a nutshell, cost efficiency is the biggest factor for procurement industry. Companies are looking for service providers who can bring down the cost structure. Clients want a helping hand that can help them with automating processes and saving time. Genie Bazaar’s digital procurement platform (vendor marketplace) digitizes the procurement process and reduces cost by inducing competition
between 18,000 suppliers and 650 OEMs across India. Clients get near-real-time rates from suppliers, can issue purchase orders, and track deliveries on Genie Bazaar platform. A digital platform like Genie Bazaar helps businesses centralize and digitalize procurement by on-boarding their own vendors and leveraging thousands of other suppliers on platform. By raising a request on 'Request for Quote' module, all relevant suppliers are informed and quotations are submitted digitally and in a comparable format.
Logistics, property management, employee travel, and utility & rent payments are some additional areas that are being manually managed today by several companies. Genie Bazaar offers a digital courier platform that can be used for scheduling thousands of shipments and tracking them all. Through Genie Bazaar’s online utility platform, one can pay thousands of utility bills within seconds.
Genie Bazaar is an authorized agent for utility payments. All transactions are digital and customers can see consumption for each of their offices across India. Everything is backed by an ERP Approval Workflow Model which ensures only approved payments are being processed. In Property Management module, Landlords also get access to the platform to see their payment history, TDS deductions, and many more other details.
Some of the largest companies in India and largest startups are leveraging Genie Bazaar’s technically advanced procurement platform
Leaders of logistics industry have created their delivery networks. However, each courier company is limited by its capital to service all pin codes. Leveraging an aggregator who can combine benefits of all courier companies makes all the sense. Genie Bazaar’s courier platform can deliver to 13K pin codes directly and another 13K indirectly by leveraging the capabilities of each carrier in a smart manner powered by artificial intelligence. Pincode coverage is two times more than any individual carrier. Recently, for a BFSI sector customer, Genie Bazaar brought their annual billing down from Rs. 14 crore to Rs.9 crore by leveraging their technology.
"Delivering value to our customers and transparency is at the core of everything we do", says Anil Ramchandani, Founder, Genie Bazar.
"Currently, we are looking forward to continuing launching digital solutions for each area of procurement and facility administration and chasing our vision of bringing magic to workplace management", Anil concludes.
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