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Spend Management Pick
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| Title
- Ariba Procure-to-Pay |
| Vendor
- Ariba |
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Short Description
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| The Ariba
Procure-to-Pay - Basic and Professional Packages deliver rapid
cost savings by restricting maverick buying and increasing the
efficiency of the entire procurement cycle. Each solution delivers
an intuitive, self-service purchasing process with a walk-up
user interface that drives rapid stakeholder adoption across
the organization. |
| Ariba
Procure Download |
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| - Verticalnet XE Spend Manager |
| Verticalnet XE Spend Manager
Description |
Enterprise-wide visibility and spend analysis are critical to achieving long term sourcing savings. Unfortunately, many sourcing executives are constrained by data across too many disparate systems to recognize this untapped potential. Companies must be able to effectively analyze and track spend to drive bottom line improvement. Internally, a tremendous amount of time is spent preparing the data to perform the analysis, which reduces resources dedicated to actually sourcing goods and services.
Verticalnet Solution
Verticalnet XE Spend Manager provides a fast, intelligent, and repeatable solution to identify, evaluate, and quantify sourcing opportunities and measure compliance. The solution has been refined through years of experience implementing best-practice strategic sourcing processes and technologies. As a result, Verticalnet Spend Manager provides insightful, actionable spend analysis to drive immediate and quantifiable improvements in total cost.
The biggest challenges associated with spend analysis are gathering spend data, putting it into a common format that facilitates analysis, and making the process repeatable over time.
Spend Manager provides the ability to aggregate spend data from multiple disparate systems, cleanse and classify the data to a common classification structure, and perform multi-dimensional analysis, easily enabling you to identify both saving opportunities and compliance breakdowns that keep negotiated savings from dropping to the bottom line.
Verticalnet XE Spend Manager dramatically reduces the cost, effort and time associated with traditional spend analysis methods by offering automated cleansing and classification. Once configured, the software can extract, cleanse, and classify spend data from multiple disparate systems on-demand and enable sourcing professionals to analyze the data to better manage the supply base.
With easier access to information about what and how much an organization is buying, sourcing professionals are able to spend time on more strategic activities rather than data collection and cleansing. Knowing what you buy, how much its costing you and who youre buying from provides the intelligence to optimize the supply base.
The insight provided by Verticalnet XE Spend Manager enables companies to reduce costs and increase profitability. Without the ability to analyze your spend, you are missing a tremendous opportunity to drive total cost savings and realize untapped opportunities. Verticalnet XE Spend Manager customers have realized the following benefits:
--An average of 8-12% in savings opportunities within the first twelve months.
--A 50% improvement in contract compliance for indirect materials.
--More efficient sourcing: on average companies can address 20% to 30% more spend annually. |
| - Verticalnet XE Spend Manager
Download |
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