Huge savings are hiding in plain sight. You just need to know where to look.
A good place to start is with your suppliers.
Procurement has the power to drive 55% higher savings when it’s brought into the budgeting process at the outset rather than during supplier negotiations, according to the Institute for Supply Management.
The latest Spend Matters paper, What's Budget To Pay™ and Why You Need It Now, lays out GEP’s exclusive, innovative data and software approach to closing the finance and procurement divide. If you want guaranteed savings and accuracy in annual planning, it pays to capitalize on existing opportunities in your enterprise.
- How Budget to Pay™ eliminates dysfunctional use-it-or-lose-it budgeting
- Why you need to link supplier spend processes to finance-led cost planning
- How to tie procurement-driven cost savings to financial statements
The paper is a must-read for procurement and finance leaders keen to achieve more savings.