DOMITYS gains spend visibility to strengthen business focus

The challenge

DOMITYS offers innovative accomodation solutions for the needs of seniors who are aspiring to live an active lifestyle.

Prior to implementing the Corcentric Platform, DOMITYS was using an accounting system that did not provide the ability to monitor purchase volumes or limit budget overruns. The procurement process, though defined, was not adhered to, making it difficult to control expenses by benefitting from negotiated prices.

Because the company was achieving strong growth with purchasing volume increasing, DOMITYS wanted a solution that would enable it to control spend, optimize procurement processes, manage suppliers and budget impacts, and track financial results. These functions were all being managed manually by the procurement department.

“Due to our strong, rapid development, we had a growing need to control the volume of purchases. We were therefore looking for an operational solution that was intuitive and could be deployed quickly,” says Laetitia Morice, Purchasing Director for DOMITYS.

The solution

After assessing its needs and drafting the specifications, DOMITYS established a benchmark to consult and review the main procurement solution providers in the market.

The Corcentric Platform was chosen for its flexibility and easy-to-use interface, which enable:

• Fast implementation
• Autonomous configuration that supports DOMITYS as the company grows and its processes evolve
• Rapid and global adoption by residence-based and headquarters-based users

Throughout the process, the Corcentric team was an essential component. “The Corcentric team worked with us from the kick-off phase and workshops until deployment and training,” says Morice.

The functional scope of the Domitys implementation now includes Corcentric Supplier Information Management, Procurement, Invoice Management, Financial Management (specifically Budget Management), and Analytics.

Corentric’s easily configurable platform enabled DOMITYS to meet a range of business goals. By automating the entire procurement process, the company now has visibility and control over all expenses, budgets, suppliers, and contracts managed on the platform.

The results

• Procurement leverages the platform to manage suppliers, collaborate with operational staff, and manage spend.
• Financial controllers have real-time view of group spend, and are also more proactive in improving processes with better budget control.
• Accounting has been able to optimize the closing process and reduce processing time.
• Operational teams have access to an ergonomic solution that simplifies procurement processes. The time saved allows them to focus on their core business: providing services to seniors