Wax Digital helps Eversheds cut costs

SOFTWARE company Wax Digital has been appointed by international law firm Eversheds to provide its online tender service.

The Hyde-based company, which counts global giants such as Corus and Xerox, retailers Thorntons and PC World and holiday company Center Parcs among its growing list of customers, will turn over £5m this year and employs 70 people.

Evershed’s investment in Wax’s ‘self-service e-sourcing platform’ will allow it to run an unlimited number of electronic tender and auction events each year.

The law firm has calculated that the investment will enable it to save 25% on the cost of its facilities management for its UK offices

Sian Williams, Evershed’s senior buyer, said: ““We’re an innovative firm and we are always keen to explore ways in which we can maximise the effectiveness and minimise the cost of doing business.

“In Wax Digital we found a partner that could help us reduce our supply-chain costs with a market-leading mix of technology and consultancy expertise.

“They worked with us to set up an initial eSourcing event focused on cleaning and security contracts, advising on suppliers, lot construction, bid decrements and all the other facets that go into making a successful event.

“The resulting auction reduced our cleaning costs across all ten of the UK offices and we also made significant savings in the six offices where we have responsibility for building security.

“Having worked with numerous platforms before, I felt that the Wax Digital platform was easy to use for both us as and the supplier. 

“The platform is intuitive to create and mange supplier negotiations from end to end with excellent reporting functions to track the benefits delivered by the e-auctions. 

“For this reason, we chose this platform to now enable us to build and run unlimited events ourselves.”

Paul Layzell, Wax Digital’s director of sourcing said: “We’re very pleased to have been able to help Eversheds to such a successful first event, with great savings even if you take the cost of the self-service platform into account.”