Automating Procurement’s Value-Add: Lune meets Paid

Making carbon offsetting available for every corporate transaction — announcing a partnership between Paid and Lune

Helping procurement teams regain time for more “value-adding” activities is at the core of how Paid looks to help its customers.

The platform is set up to remove friction between buyer and supplier. For lots of organisations, the burden of admin involved means suppliers take weeks to onboard. Using Paid, suppliers have onboarded in as little as 6 minutes.

For Paid’s customers, this is not a compromise on compliance. It is just an adjustment to the way data is collected and shared.

Instead of spreadsheets and emails, self-service supplier onboarding updates all databases at one time. KYC/AML is not manual but automated. Contracts and invoices are auto-generated and the signing process is electronic.

Small changes, big time savings. For procurement teams, that time can be re-applied in other areas, including key negotiations, cultivating supplier relationships and spend analysis.

One of the biggest areas where procurement teams are driven to have an influence is sustainability.

Now Paid is looking to help procurement teams have a bigger impact in less time on that front too, in collaboration with Lune.

As the regulations mount, businesses across all industries are under pressure to work towards climate goals or meet net zero targets. For most businesses, the majority of their emissions lie in their supply chain, making procurement the function of the business that can drive the initiatives that will have the necessary impact.

Scope 3 emissions are commonly accepted as the most difficult area of a company’s carbon footprint to measure and address.

Paid’s collaboration with Lune looks to make that task a little bit easier for procurement teams.

Using Lune’s API, emissions calculations will be carried out automatically enabling both buyers and suppliers to offset the emissions of any transactions going through the Paid platform.

For procurement teams, it’s another opportunity to increase their value-add to the business. By putting emissions costs alongside price, environmental impact becomes easily visible for sustainability reporting and allows the business to evaluate the suppliers they want to work with based on climate impact.

‘The Scope 3 burden for suppliers and buyers is considerable. We’re excited to partner with Paid to remove barriers for businesses to take climate action!’ Erik Stadigh, CEO at Lune

To offset their emissions, buyers need only go one step further, opting in to offset the cost of emissions through Lune’s library of trusted, high-quality carbon projects, bringing real climate action into every single procurement transaction that takes place through Paid.

Lune carefully evaluates its offsetting projects, from protecting wildlife and nature to scaling cutting-edge technologies, to ensure they have the biggest impact.

So now, using Paid, the procurement teams of global, large enterprises like ISS and Bouygues can easily begin to make headway on the challenge of Scope 3 emissions across the breadth of their long tail spend.

Using Paid x Lune, procurement can get full visibility on emissions right across the supplier base and take action by offsetting those emissions, all through the same place they’d be buying from that supplier anyway.

Want to know more?

Want to chat about how you could work with Paid to spend less time on admin and more time on value-add? Get in touch — we’d love to chat.

Interested to hear more about how Lune’s carbon calculations and offsetting works? Get in touch here.