Power up procurement to take on continual disruptions
and complex challenges with unmatched insights and intelligent tools.Spend Management (SAP Ariba)
Power up procurement to take on continual
disruptions and complex challenges
with unmatched insights
and intelligent tools.Spend Management
(SAP Ariba)

WHAT IS SPEND MANAGEMENT?

Spend management begins by digitally transforming sourcing, contracting, and purchasing, along with processes for managing suppliers, invoices, and payments.

 

Source-to-pay functions are then consolidated into one simple, intelligent process carried out on a single, cloud-based platform integrated with a global supplier network. This makes it possible to gather and analyse all spend data, gaining insight into how much a company is spending, how often, and with whom, across the entire organisation.

SPEND MANAGEMENT OVERVIEW

Effective spend management integrates and automates all spend-related activities from source-to-pay so that buying happens as planned and suppliers get paid in compliance with contracts. By taking a big-picture view of spending, more addressable spend can be brought under management, driving more organisational value. The value is derived from:

  • Improved process efficiency

  • Lower supply costs and risks

  • Better collaboration between trading partners and cross-functional teams

  • Greater focus on more strategic activities

Create value where it counts most with smarter spending

Inform every action with data-driven insights

Deliver top value for each purchase with AI-enhanced insights embedded throughout the source-to-pay process.

Ramp up resilience and strengthen supply chains

Fend off disruptions by embedding risk reduction, automation, and AI into source-to-pay processes.

Create tangible value beyond cost control

Expand the impact of procurement and find new sources of supply easier with powerful digital tools that drive continuous cost savings.

Improve collaboration with SAP Business Network

Connect people, processes, and data in the cloud across procurement processes. Make faster, smarter, more strategic buying decisions.

EXPLORE SAP SOLUTIONS FOR SPEND MANAGEMENT

Procurement strategy

Use insights, advanced analytics, and AI capabilities to make data-driven decisions to implement your procurement strategy.

Source-to-contract solutions

Optimise costs, manage risks, and realise negotiated savings with SAP Ariba source-to-contract solutions.

Procure-to-pay

Drive visibility and control across all types of spend-related processes and make sure your negotiated savings reach the bottom line.

Supplier management software

Boost compliance and reduce risk with solutions that help you manage the supplier lifecycle, information, and risk all in one place.

Procurement strategy Source-to-contract solutions Procure-to-pay Supplier management software

KEY BENEFITS

Sourcing is performed from a stronger position to negotiate better prices from suppliers

Contracts are written in real time then stored in a centralised repository to facilitate visibility and compliance

Purchasing is made easy by guiding employees to buy from preferred suppliers at negotiated prices

Supplier lifecycle and performance is managed with a 360-degree view of reliable, up-to-date data

Multitier supplier visibility mitigates supplier risk and potential threats to operations, image, and revenue

Invoice capture, workflow, and approval are automated to eliminate exceptions and ensure compliance with contracts and purchase orders

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