Elevating Spend Management

our clients achieve significant improvement in spend management & bottom-line value.

In most cases, these results have been achieved as a result comprehensive procurement transformation efforts.

Some of our recent client results include:

21%

Average increase in spend under management

48%

Average reduction in maverick spending

ABOUT SPEND MANAGEMENT

Spend management is the tried and true practice of comprehensively managing all supplier relationships and company purchasing to identify every dollar spent and get the most out of it.

Spend management best practices integrate and automate all spend-related activities from source to settle so that buying happens as planned and suppliers get paid in compliance with contracts.

Greater Efficiency
from automating manual, error-prone processes

Lower supply costs and risks
by knowing exactly what is being bought, from whom, and for how much

More effective collaboration
between trading partners and cross-functional teams

Improved productivity
by freeing time and resources to focus on more strategic activities

What It Takes

A successful Spend Management plan aligns all of your business goals and helps you make the appropriate decisions and establish the right suppliers to meet your goals. Some of the leading approaches to improving spend
management include:

  • Procurement Process Automation
  • SKU/Item Rationalization
  • Supplier Consolidation
  • Volume Aggregation
  • Preferred Supplier Programs
  • Catalog Utilization
  • Contract Compliance Tools

Striving for Best in Class

92%

Spend Under Management

70%

Total Spend Sourced

Source: Ardent Partners, “CPO Rising: The Age of Intelligence” 2018

MID-MARKET

70%

Improvement Realized

midmarket
ENTERPRISE

14%

Improvement Realized

middle

COMBINED ENTERPRISE & MID-MARKET IMPROVEMENT

COMBINED

  Spend Under Management    Maverick Spend

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