Company introduces Frames, Tools and Workflow functionalities to unify procurement Business Intelligence, Data Analytics and Process Automation

Focal Point, provider of a single solution for procurement decision intelligence, data analytics and process automation, today released a fully revamped and updated platform. In the three years since its launch, Focal Point has grown to be a strong market leader in the procurement software space. Focal Point updated its platform with a fully refreshed user interface and new functionalities including Frames, Tools and Workflow.

Focal Point provides the industry’s easiest solution to centralize procurement processes, automate workflows, connect people, and integrate data. The platform boosts procurement ROI and cost savings, eliminates manual processes and enables companies to embed social responsibility into every procurement activity while ensuring compliance – all with no code and low maintenance.

In addition to the new platform functionalities, Focal Point also unveiled a new corporate brand identity that builds on the company’s market position and underscores its vision to make procurement faster, easier, more accurate, and more strategic than ever before. The rebrand includes a new website, logo and messaging that positions Focal Point for the future and reflects the values and benefits that the company provides to customers, prospects and partners.

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“I’ve watched expectations for procurement evolve over 20 years from saving money, to saving the company, to saving the world,” said Anders Lillevik, CEO of Focal Point. “Cost savings will always be important, especially in tougher economic cycles, but procurement leaders today need to think about sustainability, supplier diversity and other issues that affect long-term brand equity. Our revamped platform aims to help CPOs be that strategic voice and leader in their organizations through faster and better data-driven decisions.”

The new user interface and functionalities include:

• Frames: Highly configurable, collaborative spaces to manage processes and integrate data and eliminate manual tasks across intake, projects, suppliers and categories. Frames build proactive procurement strategies by providing live context for decisions.
  
  
• Tools: Automated, customizable tools that enable procurement teams to manage data, build surveys, set goals, keep stakeholders informed, and create custom reporting. Tools build a culture of agility and visibility.
  
  
• Workflow: Easy interface for intake through co-working with clients, IT, legal, and other internal functions. Workflow fuels efficient, transparent and productive collaboration with conditional logic task triggers.

With the new platform, Focal Point remains committed to high-touch client success from implementation to custom configuration to ongoing account support. Focal Point’s platform integrates seamlessly with any ERP/S2P system, point solution and data provider, ensuring maximum ROI on existing investments.

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