Enhancing cost savings through simplified purchasing with Amazon Business using valuable tools for better procurement management and oversight
OneDigital, a notable provider of insurance, financial services, and HR consulting, stands out for its commitment to enabling businesses and individuals to realize their health, success, and financial security goals. With a foundation laid in 2000 and its headquarters based in Atlanta, OneDigital has seamlessly expanded its presence across most major U.S. markets. This expansion is fueled by its unique approach to delivering personalized, tech-enabled solutions aimed at fostering a modern work-life experience. Serving over 75,000 employers and millions of individuals, OneDigital's comprehensive suite of services has become indispensable. This broad client base relies on OneDigital for strategic advice and access to a fully integrated array of worksite products and services, alongside the retirement and wealth management counsel from OneDigital Investment Advisors.
In late 2022, Scott Weiss, the Director of Operations at OneDigital, highlighted the imperative need to enhance cost savings across the business. At that juncture, OneDigital began to take a closer look at office supply purchases to see if significant cost savings could be found. An engagement with Amazon Business led to a revealing analysis, which projected an annual savings of approximately $60,000 upon switching suppliers. By leveraging Amazon Business's Guided Buying feature, OneDigital efficiently imported the analyzed items into their account, ensuring that employee purchases align with the company's cost-saving objectives. This strategic move not only underscored OneDigital's commitment to fiscal prudence but also maximized operational efficiency. As Scott puts it, “Since adoption of Amazon Business, this move has proven to be a cost-effective change for our organization as well as notable increases in procurement efficiency by making it a one stop shop for most if not all of our office needs.”
“Since adoption of Amazon Business, this move has proven to be a cost-effective change for our organization as well as notable increases in procurement efficiency by making it a one stop shop for most if not all of our office needs.”
— Scott Weiss, Director of Operations at OneDigital
Amazon Business solutions have significantly bolstered OneDigital's procurement strategy, particularly in managing its widespread office network. The challenge of streamlining procurement and consolidating suppliers to curb tail spend across various locations has been adeptly met by Amazon Business' control and analytics features. The Guided Buying function, in particular, has been instrumental for OneDigital, enabling a meticulous control over purchasing behaviors and making cost-effective options more accessible to employees. By tapping into the analytical insights provided by Amazon Business, OneDigital has successfully managed to enhance spending control and supplier consolidation, thereby realizing substantial cost efficiencies. “Unlike other suppliers, Amazon [Business] allows us to put spending caps on individuals and teams alike. The analytics gives us a finite breakdown of the spendings both on a product level as well as a monetary level,” Scott said.
“The ease of the transition to Amazon was a seamless one,” Scott continued. “From setting up the national account to creating invoice billing, our team members found it extremely easy to utilize the checkout process and found that invoice billing allowed them to cut down on a lot of work by not having to submit expense reports and track receipts. In addition, the ability to set up approval limits for purchases allowed our managers to control spends and have visibility to what items their respective teams were purchasing.”
“Unlike other suppliers, Amazon [Business] allows us to put spending caps on individuals and teams alike. The analytics gives us a finite breakdown of the spendings both on a product level as well as a monetary level."
— Scott Weiss, Director of Operations at OneDigital
By adopting Amazon Business’s innovative procurement solutions, OneDigital has not only achieved substantial financial savings but has also supported its mission of delivering personalized, tech-enabled solutions to its extensive client base. “In the future, Scott said, the goal for OneDigital is to get all of their offices across the country and all work from home employees to utilize only Amazon [Business] for all needs from office supplies to snacks and break room items.”
In conclusion, OneDigital's buying relationship with Amazon Business has proven to be a strategic success, yielding significant cost savings and enhancing procurement efficiency. This move underscores OneDigital's commitment to leveraging innovative solutions to support its fiscal objectives and operational excellence.
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