Why Spend Management?

Because it provides the single greatest opportunity for your company to control supply costs, improve performance, and manage risks.

Spend Management aligns organizations, processes, and systems to analyze, source, contract, procure, pay, manage and continuously improve global supply for best-value performance in support of the strategic objectives of the business.

Benefits:	Spend Analysis	Strategic Sourcing	Contract Management	Procurement	Invoice & Payment	Supplier Management
	Identify opportunities for 2% - 12% in total spend savings Increase contract compliance Improve diversity management Enhance regulatory reporting capabilities	Negotiate 14.3% cost savings, avg. Speed sourcing cycles 50% - 75% Standardize sourcing best practices Improve sourcing knowledge and skills	Improve compliance 55% Reduce supply costs 7% via improved contract and price compliance Increase rebate capture 25% - 30% Shorten contracting cycles > 50% Standardize contract processes and terms Reduce contract risks through standard terms and advanced analysis	Reduce off-contract (“Maverick”) spending by 74% Cut requisition-to-order cycles by 80% Increase total Spend Under Management by 30% Steamline supplier development Reduce administrative burdens	Cut invoice and payment processing costs by 60% Reduce payment processing cycles by more than 70% Reduce invoice errors by 12% - 15% Cut prices paid by 1% - 3%	Improve supplier performance 26% Detect and mitigate supply risks Speed supplier qualification and corrective actions Steamline supplier development Reduce administrative burdens

Sources: Aberdeen Group; AMR Research; CAPS; Hackett Group; Ariba customer results