The Value of Intelligent Spend Management
Managing spend in an enterprise is a complex task, and one that requires a lot of thought and planning. Amidst a time of dramatic change, business leaders are investing more in technology to solve problems, improve business performance, achieve operational excellence, and generate shareholder value.
Companies are increasingly investing in technology, but the ROI varies.
With Intelligent Spend Management SAP is delivering the solutions its customers use to align every spend decision to their business strategy in the networked economy. Along with delivering business outcomes, SAP also wants to help its customers take a stakeholder view into how their overall spend management function works.
With SAP Intelligent Spend Management, organizations can increase the consistency, quality, and integrity of spend management processes/transactions across functional areas and spend categories and can still control costs with minimum supply chain risk.
“27% lower Procurement Cost for organizations that use an integrated platform for direct, indirect and services procurement” – SAP Performance Benchmarks
SAP plays an important role in helping address your strategic priorities by elevating your end-to-end source-to-pay processes internally and externally and lead with industry best-practices to manage all spend. An increasingly connected world where data is plentiful, accessible, and susceptible to risk poses challenges for all organizations. SAP helps you overcome these challenges by reimagining business models and providing a digital framework to support digital transformation.
To help you make informed decision about technology to manage the spend intelligently – we are launching this blog series titled “The value of Intelligent Spend Management” – it will cover the following key aspects:
- Strategic priorities and necessities for sourcing & procurement
- SAP strategy
- SAP value proposition
- and conclude with the tools to get started and turn your vision to value
We will also offer best practices, value-based insights, and suggestions when possible.
Stay tuned for more 😊
P.S. Learn how our vision to value methodology links your vision for the future and SAP technology innovations to tangible business outcomes.