SAP BusinessObjects Spend Performance Management
Maximize Savings, Reduce Supplier Risk
In today's challenging economic environment, your success depends in large part on your ability to reduce spend, increase cost savings, and manage supplier risk through effective spend performance management processes. To establish and execute strategic procurement initiatives, your purchasing department has a lot of factors to consider. For example, budgets, planning, import costs, trade compliance, and historical price and supplier performance data can impact how you source, where you source from, and how much you can negotiate.
Many enterprises lack access to data such as supplier payments, contract information, and unclassified invoices. Information may be siloed in various ledgers, purchasing cards, travel and expense reports, or even maintained by off-shore sub-contractors or outsourced. Key spend data or supplier linkages might be incomplete, ill-defined, or simply missing. And when the information isn't accessible or complete, there's no way to leverage it for improved decision making.
The SAP BusinessObjects Spend Performance Management application can help your business users – from analysts to category and line-of-business managers – gain insight into savings opportunities and compliance by enabling access to aggregated, enriched spend data. The application's rich spend performance management capabilities can help your end users identify fragmented contracts, distributed supply bases, and multiple contracts with single suppliers and sole-sourced suppliers on an ongoing basis. Plus, your users can easily analyze the distribution of company spend and market factors that may impact that spend. All the while spending less time relying on manual processes to access this information.
SAP BusinessObjects Spend Performance Management provides your procurement and finance business users with an intuitive user interface that empowers them to do the following:
- Gain visibility to company-wide spending patterns and supply base
- Establish key measures across critical success factors to manage spend
- Identify hidden savings opportunities and supplier risk factors
- Launch procurement initiatives that meet strategic goals
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