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Webinar Q&A
While there are some solutions in the market who charge the suppliers, Felix does not.
In terms of their commercial model, Felix uses a traditional SaaS based model and is an annual license fee.
What drives that annual license fee is 3 key factors:
- Firstly, their modules because Felix don't want customers to have to adopt and pay for a whole solution when they only need part of the solution
- Secondly, Felix's user model as they have two types a key user and a light user.
- Thirdly, Felix considers the number of suppliers in your list because if your suppliers require assistance with the platform, that support will be from Felix.
Yes, there is. This includes a 1 - 2 day ($2 - 4,000) setup fee for the API's and a $330 (Ex GST) ongoing monthly fee.
Please note all Felix fees are separate to this.
Please note all Felix fees are separate to this.
On average, depending on how many modules and the complexity of the configuration could range from 4 to 10 weeks.
It often also depends on the readiness of the organisation and their ability to verify the configuration and test the system in a timely manner.
Unfortunately, no, given the highly configured nature of the solution, we don't set up trial processes. However, Felix can structure the commercials to provide that effect.
Yes correct, it only sits in the Accounts Payable configuration section.
However, once the connection is set up and configured the synchronisation take affect and Felix becomes your source of truth. This means any updates in Felix of your suppliers will flow through to Pronto Xi. However, this only occurs if the suppliers are actually approved on the Felix side and then the recorded is reflected on the Pronto Xi side.
However, once the connection is set up and configured the synchronisation take affect and Felix becomes your source of truth. This means any updates in Felix of your suppliers will flow through to Pronto Xi. However, this only occurs if the suppliers are actually approved on the Felix side and then the recorded is reflected on the Pronto Xi side.
Yes, this is because the tags in Felix are configurable similar to a Pronto Xi attribute and you can use them as needed such as to represent a business unit or client.
You can also have multiple tags, it just becomes a way to filter and report on your list.
No, this would not as your supply chain stakeholders would typically interact with Felix and that's where they would invite new suppliers and would verify information.
Once they hit approve, it's all automated to synchronise to Pronto Xi and Finance would have the ultimate override of certain information. In this case, there would not be a need to adjust any Pronto Xi user access as this would be done in Felix.
Once they hit approve, it's all automated to synchronise to Pronto Xi and Finance would have the ultimate override of certain information. In this case, there would not be a need to adjust any Pronto Xi user access as this would be done in Felix.
Felix's procurement scheduling module is more about planning procurement sourcing activities.
However, in terms of delivery schedules, downstream processes or inventory levels, Felix does not do this.
However, in terms of delivery schedules, downstream processes or inventory levels, Felix does not do this.
Felix is designed for the entity level compliance and while they do have some capabilities where customers store and manage individual level documentation, it is not built for worker onboarding.
Although Felix is not designed to comprehensively manage individual level compliance, they have had customers attach and track basic worker level information against a vendor's profile.
If a supplier updates their details after being approved, then any updates to their profile will automatically update in Pronto Xi.
However, changes to Bank Details will trigger re-approval and hence require validation before being updated in Pronto Xi.
Felix can be configured to require re-approval for any changes the supplier makes, thus only re-syncing with Pronto Xi after they are checked.
However, changes to Bank Details will trigger re-approval and hence require validation before being updated in Pronto Xi.
Felix can be configured to require re-approval for any changes the supplier makes, thus only re-syncing with Pronto Xi after they are checked.
The approval of information in Felix can ultimately be work-flowed to mirror the required delegation of authority.
Yes, absolutely.
Felix would typically take a customer's current pre-qualification or onboarding questionnaire optimise it and ultimately mirror that in Felix. It is all templatised and will actually notify the subject matter experts on the organization side when they need to participate. There is automated assessment based on the way the questions are configured and answered.
Pronto Xi will not inhibit the entry of suppliers outside of Felix.
However, Felix also supports the concept of an “internally managed profile”, which does not require the supply business to interact with the system and are designed for vendors that won’t go through a traditional onboarding (eg: the utility or phone company). Leveraging this feature in Felix will ensure the data remains synchronised and management framework can remain intact.
An invite is sent from Felix to request the new supplier to complete onboarding steps. As a part of that process there's a form where you'll nominate things like tags so you know what part of the business they're associated with. This invitation process is configurable, flexible and can be quite controlled.
At the moment, if a supplier provides a supporting artifact it will workflow to the subject matter expert to verify the legitimacy of the information.
However, Felix also has experience in how to structure the questionnaires to ensure that they're providing true and correct information.
Felix also currently has an AI capability that will read the insurance documents and they have plans to deploy that across other areas of the tool in the future.
Finally, Felix can also be linked to third-party due diligence sources (eg: credit bureau for financial monitoring) and surface insights in the form of a tag.
Finally, Felix can also be linked to third-party due diligence sources (eg: credit bureau for financial monitoring) and surface insights in the form of a tag.
Yes, Felix can migrate your pre-existing data.
We understand the fact that there's going to be a number of your suppliers that you have recently onboarded. There will be a lot of rich information stored in various formats and Felix can certainly migrate the data that is preexisting.
Depending on the quality of the data, Felix would then encourage you to get the suppliers to then validate that the data which acts as a data cleanse as part of the rollout.
Depending on the quality of the data, Felix would then encourage you to get the suppliers to then validate that the data which acts as a data cleanse as part of the rollout.
Yes, Pronto Xi and Felix have their own security and processes including who has access to what functions in Felix vs Pronto Xi.
Yes, absolutely. Felix has a number of operational reports that are already in the system.
This includes filterable lists and saved views so that you can quickly and easily find a portion of suppliers that relates to you, your project or a particular facility based on your specific data or tags
In terms of more advanced analytical reporting, a vast majority of the data points are available in Felix's API to utlise reporting suites like PowerPoint, BI or Tableau if required.
Yes it does. Felix currently has customers based internationally. Felix has a country selector to adjust the business number, language the phone number structure, it's plugged into Google Maps and even downstream in some of the RFQ processes and also handles multi-currency.