Boost Productivity
Ditch the manual spreadsheets and achieve total accuracy and visibility into software purchases, deployment, and usage.
Reduce Buying Cycles
Reduce the number of vendors supplying software solutions to gain better contract terms and discounts. Reduce unneeded or unused on-prem and SaaS subscriptions. Identify ghost and redundant applications.
Identify Better Sourcing Opportunities
Effectively manage vendor relations, prevent risk, and the associated costs or penalties because of poor vendor performance. Closely monitor regulatory compliance and avoid costly penalties and fees.
Identify Maverick Spends
Identifies outliers, departments or individuals who make unauthorized software or SaaS purchases. Effectively manage this maverick-style spending in the future.
Eliminate Duplicate Payments
Vendor spend management helps you ensure that your organization is not making duplicate or unnecessary payments. This practice keeps your budgeting and efficiency in check.
Avoid Late Payments and Fees
Vendor spend analysis strategies prevent the occurrence of late payments or fees, which may cause damage to the vendor relationship or slow down the workflow.
Better Risk Management
Spend analysis helps manage vendor performance to ensure the software application is performing up to specs. If not, plans can be in place to mitigate poor execution.
Automate and Improve Internal Systems
Educate stakeholders as to the importance of managing spend in order to plan your budgeting process properly.
