REDUCING COSTS & MITIGATING RISKS

So much has changed within the past few years, with inflation increasing drastically, that businesses are looking at ways to reduce costs and mitigate risks in order to safeguard their businesses through increasing fluctuations of economic turmoil.

Business Challenges
Business Challenges
  • Multiple systems & data – inefficient, fragmented, non-connected processes add risk for buyers and their suppliers.
  • Control over Spend – missing awareness of all spend sources and non-compliant spending.
  • Financial Leakage, bottom line impact and associated business risk - without visibility and control means inefficient end-to-end S2P processing and lost opportunity for cost reduction, improved profitability and risk mitigation
Value Proposition
Value Proposition
  • Unified Spend Platform – provides ability to understand and control all Procurement spend.
  • End-to-End S2P Processing for Buyers, Suppliers and Users.
  • Digitalization and simplification of Sourcing, Contracting, Buying and Supplier Management processes.
  • Improve Profitability through processing and solutions to provide savings, cost reduction & discount management.
Business Value
Business Value
  • 36-48% fewer Compliance & Risk Management FTE’s
  • $20m savings (per $1bn spend) realized through non-contract leakage
  • 40-50% operating cost reduction due to efficiency gains
  • 4-15% Average Unit Price reduction

Your personal apsolut contact

Lein Elsonbaty
Lein Elsonbaty
Consultant
+44 (0) 203 716 0155
© 2023 apsolut GmbH

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Events

Webinar in Cooperation with SAP: Digitalisation of Direct Procurement in Medium-sized Companies – The Example of Festool

Find out first-hand how Festool was able to significantly increase efficiency in procurement and digitalise the exchange of documents with their suppliers. In addition, we will show you how you can introduce the SAP solution in medium-sized businesses in a cost-efficient and plannable way.

Language: German

 2023-09-28 Online

Webinar in Cooperation with SAP: Digitalisation of Direct Procurement in Medium-sized Companies – The Example of Festool

SAP Spend Connect Live

The SAP Spend Connect Live event brings together a community of procurement and supply chain leaders from businesses and industries across the world to share ideas, learn from each other's success, and discuss best practices. Listen to various apsolut customers like Porsche, OMV, Frutura and Heidelberg Materials, sharing their procurement transformation stories and meet us on site in Vienna.

 2023-10-09 Vienna

SAP Spend Connect Live

apsolut Global Procurement eConvention 2023

Our successful event series is finally going international: Join us for exciting customer sessions and news from SAP on procurement transformation and intelligent spend. Gain invaluable knowledge directly from industry experts to elevate your procurement strategy. Experience some insightful hours with us, where you decide which topic you want to dive deeper into.

 2023-10-26 Online

apsolut Global Procurement eConvention 2023

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