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.
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
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.
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