Spend Control for Procurement Managers
The primary objective of "Spend Control" is to save money and increase productivity by improving the way a business buys goods and services. The savings are substantial and the productivity improvements impact a very large number of staff.
However, most businesses completely underestimate the importance and value of the additional benefits available to Managing Directors / Shareholders, Finance Directors and those involved in the procurement process through "Spend Control" automation.
Questions for the Procurement Manager:
- How valuable would it be to be able to fully control the buying habits of all the staff involved in purchasing so that they can only use your nominated supplier, products and services?
- How much could you save the business if you had spending power equivalent to over £1b per annum?
- How useful would it be to be provided daily with fully updated and automated catalogues from market leading suppliers, reflecting the lower prices achieved through the additional spending power?
- How much would be saved if you had a fully automated contract management process that captured the renewal and termination dates for all term agreements and then provided timely, automated notifications to ensure alternative quotes were received prior to the termination date?
- How much would you welcome access to external buying expertise that would provide current and specific domain expertise AND an alternative quotation on demand?
- Would it be beneficial to achieve best value with minimal effort for the high volume, low value and non strategic purchasing activity of the business at a lower price through leveraged purchasing, so you can concentrate on the important and strategic procurement?
- What would be the value of being able to report on the savings you had achieved (potentially £100,000k per annum) together with a supplier performance analysis?
The Solution
Compleat saves our clients money and improves productivity through the unique combination of our Purchase to Pay automation software and the spending power / buying services provided by the Compleat Buyers Group.
Compleat Spend Control provides a holistic solution that addresses the practical and logistical challenges of the Managing Director, Finance Director, procurement resources and budget holders in their respective roles whilst making the business more efficient and competitive.
Purchase to Pay automation is the software tool that provides the ability to control and simplify the entire purchase process, from controlling the selection of suppliers, goods and services at requisition stage, through the purchase order approval stage, with real-time budget checking, receipting and purchase invoice capture and approvals - then updating the financial accounting system with the relevant information.
The Compleat Buyers Group provides access to pricing that is lower than a single organisation can achieve, delivering savings on over 40,000 items, plus services and term contracts. Simply put, you pay less for what you already buy.
The solution is extremely easy to use: Compleat maintains and updates the catalogues of our preferred suppliers daily and automatically updates each of our customer's Purchase to Pay software overnight. Additional catalogues can be added and maintained by the client from any supplier that can output their catalogue in a spreadsheet or XML format.
Compleat also provides a comprehensive range of procurement services and expertise that can be called on whenever required enabling organisations with limited centralised procurement resource to get best value on demand.
Compleat is competitively priced, with the goal to ensure that our clients will achieve 100% ROI on their investment in 4 - 12 months, and then continue saving year after year.
How much could you save?
Compleat would like to discover and quantify your savings potential and the probable cost of a fully deployed solution, as that will provide a quantifiable ROI. We will even provide you with warranted minimum saving.
The process takes 90 - 120 minutes at your offices. We do not charge for this service, reflecting our confidence in the outcome and provision of the guarantee.
Your initial investment is just the time it takes to undertake the review. What do you have to lose?
Related Topics
Executive Overview for Managing Directors and Shareholders
Executive Overview for Finance Directors