| MyProcureNet™ |
 It takes effort and resources for organizations to adopt eProcesses, but the reward is worth it because the results impact the bottom line directly : • Research has shown that e-Enabled Organizations typically see revenue increase of 5% to 10%, while reducing sales and marketing expenses 2% to 10%. • For component and commodity suppliers, Networked eProcurement systems can slash the cost to process purchase orders (PO) by 90% or more, as well as halve average order cycle times. The shortening the order-to-delivery process in and of itself can lead to reduced inventory for the buyer thus eliminating excess holding cost. • eProcurement also limits unauthorised purchasing (rogue or maverick buying) using automated approval processes - significant because this can constitute as much as 45% of indirect corporate spending - limiting such buying can increase revenues by 20% to 35% for approved suppliers strengthening the business relationship mand encouraging them to lower prices for increased volume.
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Their Words:
"MyBiz proves that Malaysian companies and technology can actually deliver."
Rafidah Aziz - former Minister of International Trade and Industry, Malaysia.
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