Every CFO wants to take a strategic approach to procurement spend analysis and cost optimisation, but far too few have access to the tools and expertise required to do so. Modern technology has enabled businesses of all sizes to leverage digital procurement, but just how much can they save using this method, specifically integrated online buying via Amazon Business?
In our spend analysis report, we summarise the details of a cost optimisation analytics exercise undertaken by Compleat and Amazon Business during July 2020. This report highlights how much money businesses can save by using Amazon Business, how it can streamline the purchase order process and how it can reduce the number of existing suppliers they currently trade with.
But most importantly, by fully automating the “end to end” buying – purchasing – AP process, finance professionals gain full visibility and control over spend before it takes place and then enjoy between 65% - 90% time savings accounting for it. Everyone wins, both inside and outside the finance department.
