SAP Spend Management
SAP Ariba Supplier Network | SAP Concur | SAP Contract Management | SAP Procure to Pay | SAP Procurement | SAP Spend Analysis | SAP SRM
Companies need to procure products and services for various purposes. They need to spend to procure products or services, which can be both direct as well as indirect. A direct spend pertains to any products or services that has been procured to produce the product or services offered by the company. An example of this is any raw material that need to be procured to manufacture a product. The second type of spend is indirect spend, which pertains to amount spent on procuring support services, like office services, IT hardware etc. To understand where they are spending as well as to determine if there are opportunities to reduce or optimize their spend, companies need detailed visibility and insights into their spend. This is what a spend intelligence solution provides.
Companies need to procure products and services for various purposes. They need to spend to procure products or services, which can be both direct as well as indirect. A direct spend pertains to any products or services that has been procured to produce the product or services offered by the company. An example of this is any raw material that need to be procured to manufacture a product. The second type of spend is indirect spend, which pertains to amount spent on procuring support services, like office services, IT hardware etc. To understand where they are spending as well as to determine if there are opportunities to reduce or optimize their spend, companies need detailed visibility and insights into their spend. This is what a spend intelligence solution provides.
SAP offers a portfolio of spend management solutions that can allow organizations to manage every source of spend across multiple categories of spend, direct and indirect spending, external services and contingent labor, travel and expense, in a single unified view. This required visibility into their spend helps organizations make fast, intelligent decisions to help them optimize their spend. Following spend intelligence solutions are available in SAP portfolio:
- SAP Ariba: SAP Ariba integrates the entire buying process across your entire organization. SAP Ariba offers an end-to-end automated system that removes complexity and allows buyers and suppliers to manage everything from contracts to payments all in one place.
- SAP Fieldglass: SAP Fieldglass is a software company providing a cloud-based Vendor Management System (VMS) to manage services procurement and external workforce management programs
- SAP Concur: SAP Concur is an American SaaS company, providing travel and expense management services to businesses
Enhance supply chain efficiency with spend management visibility: In this article, experts from PwC discuss how procurement teams today face increasing challenges due to supply chain uncertainty and touch upon how technology innovation across spend management can enable real-time procurement visibility to navigate supply chain complexity
The future of intelligent spend management for the public sector: In this video session, leaders from Deloitte share a practical vision of the future of spend management in the public sector, focusing on leading technology accelerators and process blueprints.
An introduction to spend analysis: This article introduces readers to fundamentals of spend analysis in order to develop a better understanding of how it can be leveraged to generate valuable insights into various types of organizational spend.
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Give Your Procure-to-Pay the Next Power of Analytics with SAP Spend Performance Management Solutions
BIFinancialsGet an overview of the SAP Spend Performance Management solution and learn about the business case for implementing it. Learn the details about the features of Spend Performance Management. Using a case study example, gain an understanding of Spend Performance Management implementations and lessons learned. Key Concept SAP Spend Performance Management is an SAP BusinessObjects…...…
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The Next Evolution of Spend Management
There are many variables that can complicate how SAP customers manage their spend, such as when significant portions of the workforce are external or when consumers have certain expectations for their travel and expense experience. Having a clear picture of every category of spend — whether that is travel, indirect, direct, or contingent labor and…
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Spend Analysis and SAP MM
A wide range of business processes falls under the SAP MM (Materials Management) module, from purchasing to inventory management. Such an extensive portfolio of business processes also means much data being generated and captured. As SAPinsiders highlighted in our research reports like Process Automation and SAP S/4HANA, as well as in Process Automation in Supply…
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Reduce Your Procurement Risks with Spend Analytics
As part of its positioning for the corporate boardroom set of enterprise performance management applications, SAP BusinessObjects Spend Performance Management enables financial and procurement decision makers to have full visibility into both managed and unmanaged spend in the enterprise and throughout the supply chain. Learn how to reduce procurement risks in your supply chain and…...…
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Enhance Supply Chain Efficiency with Spend Management Visibility
The recent economic disruption has accelerated inefficiencies across the global supply chain, creating uncertainty for organizations. As a result, procurement teams face increasing challenges due to supply chain uncertainty. With globalization and the rise of new technologies, the supply chain has become more complex. To keep up with this ever-changing landscape, organizations need to be…
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Business Drivers for SAP Trade Promotion Management
Learn about SAP CRM Trade Promotion Management (TPM). Find out what the TPM solution landscape looks like, the components of TPM, how it affects order execution, and how can you tie actual shipments back to your original promotional plans. Key Concept SAP Trade Promotion Management enables a company to capture expected promotional events, their costs,…...…
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Begin Your Supply Chain Transition to SAP Fiori in SAP S/4HANA
Learn how to plan the transition of your SAP S/4HANA supply chain business function execution from your current ERP-based conventional approach to SAP Fiori. Key Concept SAP Fiori extends the core operational capabilities that SAP S/4HANA provides with apps for your key SCM business processes with a completely new user interface. SAP Fiori, SAP’s new…...…
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Leveraging Machine Learning (ML) in Spend Analysis solutions
Machine Learning (ML) based algorithms are slowly percolating into a wide variety of supply chain solutions and spend analysis solutions are no exception. In this article, I share few ways Machine Learning (ML) algorithms are already being used or can be used in spend analysis context. Note that these suggestions are focused only on spend…
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Payroll and Benefits Integration: Understanding Evaluation Dates
In benefits, cost information is presented in terms of expected or estimated amounts. A complex set of factors comes into play during payroll processing that can cause the actual deductions to be different. This article examines the integration between payroll and benefits so that you can explain to your end users why this happens. In…...…
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Maximize Supply Chain Transparency and Gain Control of Freight Spend with the Latest SAP TM Capabilities
Achieving increased transparency across today’s complex supply chains is a fundamental objective for many organizations. Gaining such visibility has proven to be a very real challenge impacting both operational efficiency and customer service levels. Equally important is the ability to effectively manage transportation costs, which is critical in achieving total efficiency across the entire supply…
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