SAP BusinessObjects Spend Performance Management
Maximize Savings, Reduce Supplier Risk
In today's economic environment, your success depends in large part on your ability to reduce spend, increase cost savings, and identify supplier risk through effective spend performance management processes. Your purchasing department has a lot of factors to consider: budgets, planning, import costs, trade compliance, supplier soundness, and historical price and supplier performance data can impact how and from where you source – as well as how much you can negotiate.
Despite these many procurement factors, many enterprises lack access to data such as supplier payments, contract information, supplier risk profiles, and unclassified invoices. Information may be outsourced or siloed in various ledgers, purchasing cards, and travel and expense reports. 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 to improve 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. SAP BusinessObjects Spend Performance Management can help your end users continually identify fragmented contracts, distributed supply bases, and multiple contracts with single suppliers and sole-sourced suppliers. In addition, you can proactively identify supplier risks based on external information as well as prioritize these risks by spend volume and the buying centers affected. Plus, your users can easily analyze the distribution of company spend together with supplier risk and market factors that may impact that spend.
SAP BusinessObjects Spend Performance Management provides your procurement and finance business users with an intuitive user interface that can empower them to:
- Rapidly identify savings opportunities
- Gain spend visibility and solve the spend data challenge
- Reduce supplier risks
- Increase spend under management
Customers Interested In SAP BusinessObjects Spend Performance Management Are Also Interested In: