Customer Spotlight
How Albéa Transformed Procurement to Achieve 95% Budget Accuracy with SpendHQ
Industry
Manufacturing
Website
Overview & Benefits
Stéphane Fiquet, Purchasing Director at Albéa, shares how the SpendHQ Platform empowered them to achieve 95% budget accuracy year over year. By going beyond cost control with real-time insights, it also elevated Procurement’s role to a strategic partner for Finance, with long-term impact.
Financial Accuracy
Improve budget accuracy, maintaining a consistent 5% variance in budget year over year, demonstrating reliability and credibility in procurement data.
Data Centralization
Centralize and clean spend data, enabling strategic decision-making based on accurate insights.
Cross-Functional Synergy
Enhance Collaboration with Finance: the comprehensive and clear picture of procurement activities fosters stronger internal alignment and trust.
The budget was something informal with a target for purchasing. Now we reversed totally the situation. Now Finance comes to purchasing saying 'What are you committing on the budget for this year, with which actions?'
