Prenax provides a single point of contact for managing your organisation’s
subscriptions, saving you the time and hassle of working with multiple suppliers.
Getting Control
- Capture, consolidate and manage subscription spend.
- Prenax Online’s built-in approval process puts an end to maverick spending.
- Invoices are formatted to your specifications and allow you to track spending by
department, cost-centre, project, address, and more.
- Plug into your e-procurement platform.
Cutting Costs
Typically, an organisation will cut at least 10% of its spend on subscriptions
within 18 months by implementing Prenax. This ‘leaner’ expenditure will be a
permanent improvement. If some wastage has already been cut, this improvement will
be maintained. Otherwise, wastage will creep back into the system from day 2 and
return to its previous level within 3 years.
Hard cost savings include:
- Agency discounts
- Bulk discounts (after capturing and consolidating distributed spend)
- Renegotiated site licenses
- Filtering out false invoices (actually renewal requests)
- Cutting duplications
- Eliminate multiple renewals (a common mistake)
- Cutting bookstand sales
- Cutting hand-delivered journals
- Cutting non-core spend
Soft cost savings include:
- Management's time
- Administrators' time
- Subscribers' time
- Consolidating all invoices into one per month
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