Spend Management is essentially an add-on to online purchasing.
Itcomes in the form of software and services and allows
organisations to gain control of the entire purchase cycle.
There has been much confusion in the market about where
Spend Management sits and how it compares to electronic purchasing or
epurchasing, which Ariba (Ariba is the leading provider
of Enterprise Spend Management solutions for the entire
purchasing life cycle, from analysis through sourcing to
procurement) says is just one one part of the spend
If you imagine a flower with five petals, in the centre,
at its heart, is spend. The petals surrounding spend are
purchasing, supplier management,strategy, analysis and
sourcing, all of which combine to manage the central spend.
Companies deploying Spend Management across their epurchasing
operations are said to have a much better idea of how their
money is being spent, are able to instigate consistency
across the business, while process times are reduced and
costs are cut.
Ariba offers products that cover all areas associated with
the management and cost reduction of epurchasing, such as
contract and invoice management and strategy control.
One of its latest offerings is category management, which
Ariba says will allow purchasing of staff to have a clear
grip on sourcing processes and will connect external parties,
such as suppliers, to share information and better manage the
whole purchasing process.
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More info on the Spend Management are shown below:
Spend Management Software by Palmas Purchasing plus+ is an affordable spend
management software system that automates your complete procurement process and
drives significant cost savings directly to your bottom line. www.palmas.com
DataCert, Inc - Spend Management Electronic invoicing provider that supplies
legal e-billing software and services to corporations looking to implement spend
management solutions with their law firms. www.datacert.com
Spend Management Via the Web Automate and control spending incurred with
purchasing, AP workflow, and travel and expenses via strict budgets, drill-down
reporting and controls. All done in real time via the web. www.expensewatch.com
Spend Management Webinar View a recording of our free webinar. Learn from actual
users how Spend Management software enables insight and action to drive business
improvement. See a live demo of a leading solution. www.verticalnet.com
Spend Data Management Discover, enrich and manage your spend data for better
visibility and greater compliance. Increase e-procurement, strategic sourcing
and PLM effectiveness through Unspsc-based solutions. www.zycus.com