Face Rising Demand and the Complexities of Spend Management
Manage multiple sources of spend in a holistic environment and make informed decisions in an instant.
From Procurement to Spend Management Today
All aspects of business are being revolutionized for a new era: Spend Management – as it becomes Intelligent Spend Management – is no different. Stakeholders in the supply chain, procurement, finance, and accounts payable have faced intense competitive pressure to reduce costs and gain more process control.
To meet growing demand, business leaders need an end-to-end platform that helps them get a comprehensive overview on spend categories, while delivering best-in-class capabilities for those who rely on them. Numerous enterprise software providers claim to offer such a solution, but few span the entire source-to-settle process and fewer still have added intelligence – until now.
Take Back Control for Holistic Spend Management
Intelligent Spend Management is about bringing partner networks and ecosystems together to capture every source of spend, across each category, for one unified view – freeing businesses to focus on more important challenges.
Source: White Paper - SAP Intelligent Spend Management, SAP SE, 2019
Intelligent Spend Management from End to End
Spend Management at a Glance
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Employ a Nimble Data Management Approach
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Spending generates all kinds of data. To manage spend, business systems need to interact with data coming from business processes, social sources, suppliers, and more. This requires a new approach, not the 1990s-era model that moves data from one place to the next.
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Embed End-to-End Intelligence
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Disconnected, siloed solutions with embedded intelligence can learn only from the parts of the process they manage. These intelligent technologies need exposure to a holistic view of spend-related data.
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Connect Your Entire Business
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The process of managing spend touches many other parts of a business. It’s essential that the processes and systems managing everything from supply chain and manufacturing to finances and CRM are integrated.
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Capture Data from Beyond the Four Walls of Your Business
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The data needed to manage spend doesn’t come exclusively from within the business. It also comes directly from suppliers and other sources or systems. Procurement needs a way to connect with third-party sources and store and analyze collected data easily and automatically.
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Add Extensions and Enhancements Easily
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To address unique regulatory requirements and other specifics, procurement must be able to easily tailor and enhance its spend management solution with APIs and extensions. For example, they can tap into specific third-party solutions or add their own functionality.
How Do Our Spend Management Solutions Support You?
For many companies, making simple orders and tracking deliveries are still time-consuming and long-winded processes. Additionally, the IT used to make purchases is often separate from the main ERP. This only ever leads to tedious order searching and scattered, incomplete documentation.
Our Spend Management solutions help procurers and other relevant stakeholders to get a holistic overview on spending and drive organizational value. Error-prone processes related to ordering, tracking, and invoicing become a thing of the past, cross-functional teams collaborate more effectively, and control and compliance become the order of the day.
That’s what Intelligent Spend Management is all about: the development of procurement into a strategic function with proper IT support. Our solutions for Spend Management support all core processes – from the physical procurement of goods or services to contracting and invoicing.
4 Solutions for an Effective Spend Management
Why We Are Uniquely Positioned as Your Perfect Partner
As a trusted SAP partner, we have over 30 years of experience with innovative SAP solutions, such as SAP Intelligent Spend Management, SAP S/4HANA, and other sourcing technologies.
We understand your market, your industry, and your technology. Our local proximity and global capabilities, combined with our employees’ values, allow us to be always close to you. On this basis, we develop individual solutions for you and transform your requirements into long-lasting, intelligent business solutions. This is how we build trusting partnerships and create added value for you.
Awarded Excellence in Spend Management
In 2020, we have won the SAP Pinnacle Award as Intelligent Spend Management Partner of the Year for outstanding contributions as SAP Partner. SAP presents these awards annually to the top partners that have excelled in developing and growing their partnership with SAP and helping customers run better.
The 2020 SAP Pinnacle Award marks the next step in award collection for us. For the last 17 years, we have been recognized as a Partner of the Year 14 times. Pinnacle Awards acknowledge dedication to teamwork, innovative approach and capacity to challenge what is possible to help customers achieve their goals.
80%
Reduction in the costs to process an invoice
1.5
Days invoice-to-payment cycle times
75%
Reduction in time to process an invoice
NTT DATA Business Solutions AG
Whether in Europe or Asia, purchasing conditions and processes can differ significantly. That’s why we support our customers with local experts – wherever they are in the world – and consider all country-specific characteristics.
Jan Ammann, Global Head of Industry & LoB Services, Global Field Consulting, NTT DATA Business Solutions AG
Learn More about Spend Management
Solution Brief
Securely Extend the Power of SAP to Drive Your Supplier Engagement Strategy
Discover how our it.mx direct spend portal can improve your online revenues, increase loyalty, and accelerate growth, whilst reducing administrative costs.
Executive Brief
15 Effective Procurement Methods and Best Practices
Check out how other companies have managed to improve their procurement processes and why it’s worth closely cooperating with partners from the very start of product or service creation.
White Paper
How to Tackle the Complexities of Modern Spend Management
Managing and optimizing spend while staying agile is a balancing act. Learn more about how to minimize uncertainty with the right Intelligent Spend Management strategy.
Speak to Us Today
Do you have any remaining questions, or would you like to receive more information on Intelligent Spend Management solutions?
Contact us today and our Intelligent Spend Management experts will be pleased to help you.
Contact
If you have any questions, please feel free to contact us.
Call us on:
+47 2100 2160