COVID-19 has not only shifted Singaporean's lifestyle trends but also Business trends for companies operating locally. According to the Ministry of Trade and Industry (MTI), Singapore's economy contracted by 13.2 percent year on year in the second quarter, sharper than the 12.6 percent plunge earlier estimated and the worst on record. [1]
Given the current situation, Education Minister Lawrence Wong has also advised Employers to continue with the default arrangement of working from home unless there is a demonstrable need for employees to return to the workplace. [2]
SESAMi is doing our part to actively enable e-Sourcing and e-Procurement for companies across all industries to adopt digitalization to keep up with the new normal for both individuals and businesses. Being an e-Procurement Software-as-a-Service (SaaS) provider, we have implemented solutions for companies of all sizes to transform and digitalize their Sourcing and Procure-to-Pay process which is especially helpful during the current recommended work from home arrangement. SESAMi's solutions and services works both ways to benefit you - be it from the standpoint of selling or procuring products and services.
Procuring - Managing Costs, Driving Savings
For companies looking to manage costs and drive savings during this period, they can leverage on our e-Procurement solutions covering the Source-to-Pay procurement cycle. With SESAMi's know-how on procurement industry best practice accumulated over the past 20 years, we have helped many Buyers improve productivity and achieve ROI within a short period post-implementation.
Save on the costs for publishing Tender notices, for issuance of Purchase Orders, for sending and receiving and processing of Invoices through our suite of readily available digital solutions. Buyers can tap on our established community base of over 22,000 suppliers to get the necessary outreach you need in order to get in the quotes/proposals required. With the Government actively embracing digitalization (most recently for Peppol e-Invoicing and the Digital Resilience Bonus) during this difficult period, please feel free to reach out to us if our solutions/services can be of any aid to you.
Selling - Connecting Opportunities to You Daily
Getting more business opportunities and leads for sustainability and even growth of your business is now different with the limitations put in place to prevent further spreading of the virus and SESAMi can help in this aspect. With an estimated no. of 200 active Request for Quotations/Proposals (RFQs/RFPs) and Tender publications on SESAMi daily, all you need is 10 minutes of your time to monitor and track the open opportunities. Furthermore, with our Business@lert feature, there is automated filtering of only the relevant opportunities to your product/supply category being sent right to your email inbox daily!
SESAMi's all-in-one access pass 'EziPass' enables you to access all existing and future SESAMi Buyers RFQ/RFP & Tenders using a single login ID. Simply track open opportunities, filter the relevancy and submit your quotes/proposals to any SESAMi Buyer using EziPass.
Find out more and register today for an EziPass account here: https://www.sesami.com/ezipass
Some of our Public E-Marketplace buyers
Some of our Private (Enterprise) E-Marketplace buyers
The full list of buyers, can be found here.
New Marketplaces Onboarded
In the past few months, SESAMi has welcomed several new companies onboard on both our private and public e-Procurement platform. SESAMi constantly aims to continue the onboarding of new companies every quarter to grow the volume of active business opportunities and add value to our procurement community.
Konica Minolta awarded SESAMi the RFP for Peppol e-Invoicing Solution Implementation.
Singapore Turf Club awarded SESAMi the Tender for e-Sourcing Portal implementation.
Singapore Airlines Engineering Company awarded SESAMi for e-Sourcing Portal implementation.
Compass Group, Maxwell Chambers and NTUC Foodfare were onboarded to the Public e-Procurement Platform (in SESAMi's Public e-Marketplace) in the past quarter.
Product Road Map - What's New?
We take all our customers' feedback seriously and as part of continuous improvements, we are excited to announce the soft launch of SESAMi World Connect, our expanded lightweight eSourcing and eProcurement platform with the inclusion of e-PO and e-Invoice functionalities, thereby automating the end to end process of the Procurement cycle.
SESAMi World Connect facilitates the end-to-end e-Sourcing and e-Procurement transactions in a single portal for both Buyers and Suppliers. It is happening real soon, so stay tuned for more updates in the next newsletter (Sep '20).
[1] The Straits Times, 11 August 2020 "Singapore's recession deepens with worst ever quarterly contraction of 13.2%"