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 | |  | | The COINS eCommerce platform provides all the necessary tools and advanced eTrading technology and processes to substantially improve the performance and the cost-base of an active procurement operation. Use of the COINS eCommerce platform drives both process improvement and cost-base reduction, as well as focusing on driving up transaction quality; reducing queries and transaction double-handling, which directly reduces wasted effort, wasted time and improves the operational efficiency of the back-office function. | | The COINS eCommerce platform provides solutions for the COINS-etc eTrading Community; the leading eTrading Exchange for the construction sector, and brings together buyers and sellers into an online trading community, to drive effective, efficient and fully automated Purchase-to-Pay (P2P) processes throughout the supply chain. The focus is on driving significant improvements in: |
| | - Economy - process improvement and cost reduction
- Speed - improved timeliness and transaction delivery assurance
- Accuracy - transaction quality, from ERP to ERP without re-keying
- Confidence - agreed and repeatable processes, each and every time
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| | The COINS-etc eTrading Hub seamlessly transmits business transactions (messages); e.g. purchase orders, order confirmations and invoices, between trading partners. Suppliers do not need special software products to participate in eTrading – the communication channel is designed to be ‘open’ and it is the eTrading Hub that handles and, where necessary translates, business messages from any electronic format to any other electronic format. | | The COINS eCommerce platform covers the complete Purchase-to-Pay Process enabling all companies to trade electronically and to totally eliminate paper-based processes. |
| Primary transaction (message) processes are: | | |
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