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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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| - Emptoris Spend Analysis Module |
| Emptoris Spend Analysis Module
Description |
Identifying Savings Opportunities
In todays economy, companies are under enormous pressure to reduce costs. To meet these challenges, companies are systematically launching high impact savings initiatives to leverage purchasing volume, consolidate suppliers, and reduce off-contract spend. However, without a complete understanding of company-wide spend, it is impossible to effectively identify savings opportunities, prioritize savings initiatives, execute programs to capture the savings, and monitor compliance to ensure savings capture. The bottom line - to save the company millions of dollars, purchasing professionals need access to a consolidated, accurate, and granular view of corporate spend, which provides answers to the following questions.
How much does the company spend on this commodity? Who does the company buy from? Who does the buying? How has this changed over time?
How fragmented is the supply base? Are there opportunities for supply base rationalization?
Is there an opportunity to leverage the enter-prises buying power? What is the total lever-age the enterprise has with a given supplier?
Do buyers use approved suppliers? Do buyers buy off existing contracts?
Roadblocks to Spend Visibility
Purchasing departments face many obstacles when trying to access accurate purchasing data. Data is scattered across multiple, disparate systems, including accounts payable, ERP, sourcing, corporate purchasing card, e-procurement, electronic funds transfer, and vendor systems.
Vendor and commodity information is recorded inaccurately and inconsistently with duplicates and misspellings, or worse yet, a large percentage of spend is classified in the other category. Re-organizations, acquisitions, divestitures and new lines of business quickly make static information out-of-date. Further complicating matters, obtaining information takes weeks as requests for data extracts are processed.
Transform Raw Data Into Savings
Introducing the Emptoris Spend Analysis Module, the most accurate corporate-wide spend visibility solution available. A completely turnkey solution, the Spend Analysis Module transforms raw spend and supplier data into a comprehensive, unified spend profile. With this corporate-wide, purchasing-centric view of all spend, purchasing professionals can ensure cost savings reductions and purchasing performance improvement goals are met.
The Spend Analysis Module aggregates data from all enterprise systems to capture all transactions and provide the most comprehensive view of a corporation’s spend. Proprietary data enrichment technology accurately classifies spend data to the highest level of confidence. Advanced analytical software supports high-speed on-the-fly calculations. Automated rules and persistent data ensure fast deployment and rapid refresh of content. The Spend Analysis Module can be implemented in weeks and spend data can be updated rapidly, ensuring savings programs can deliver measurable ROI quickly. |
| - Emptoris Spend Analysis Module
Download |
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