As organizations grapple with multi-pronged compliance initiatives, CFOs and COOs are striving to optimize these and squeeze as much value from them as possible. One major area of focus is around process and control compliance. Companies are negotiating billions of dollars in savings through their spend and sourcing programs but failing to realize much of that due to process disconnects, such as between what they contract to spend and what they actually do spend. Companies need seamless integration between strategic and transactional systems—from sourcing to contract to procure-to-pay processes and systems.
Emptoris Spend Analysis can help improve operational compliance by:
- Preventing Negotiated Savings From Leaking Away. Emptoris helps companies ensure transactional systems are in compliance through the tightest integration across sourcing, contract, and distributed transaction systems and processes. Emptoris empowers companies to stop the leakage with transaction analysis that compares actual spend data with negotiated contract terms.
- Gain Proper Visibility to Monitor Financial Condition, Operations Changes, And Contract Commitments. Monitoring all contractual commitments across the customer and supply base, Emptoris provides a single, comprehensive dashboard that provides proper visibility into day-to-day operations, and monitors the details of your procure-to-pay transactions regardless of the system of record for control violations, potential fraud, and opportunities for greater efficiency.
Learn More:
Emptoris invites you to learn more about the Emptoris Spend Analysis solution through the following content:
- Spend Analysis Webcasts - Learn from experts on topics ranging from building a business case for spend analysis, to learning how spend analysis builds stronger connections between Finance and Procurement.
- Spend Analysis Podcasts – Experts in the field discuss a wide variety of issues such as ERP vs. best of breed spend analysis
- Other Resources and Whitepapers
- For additional data about how companies benefit from Emptoris technology, visit our newsroom.
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