Showcase Procurement’s Savings and Value
Build trust with Finance and business partners, by centrally tracking and confirming the savings and strategic results of each procurement sourcing project.
Are Your Telling Your Best Story?
A significant challenge for CPOs and their managers is that it can be difficult to report project results to Finance and spend category stakeholders with a high degree of confidence. Outcomes that include savings, ESG progress, and other goals must be captured with trust. Obstacles to successful, timely reporting include issues with decentralized project data, incomplete and/or inaccurate data, lack of reporting standardization, and a general lack of transparency.
Trust in Procurement’s Results
Using SpendHQ’s Procurement Performance Management (PPM) solution, procurement leaders gain a standardized place to track all projects against target goals, proactively manage risks, and clearly see the final outcomes in accessible, easy-to-understand and detailed reports that can be validated by Finance. Business stakeholders also get a view, driving improved alignment.
Elevate Procurement’s Value
Unlike generic reporting and project tracking tools, you get a solution tailor-made for procurement – and the results can also feed into our Spend Intelligence solution.
Give Procurement, Finance, and other business stakeholders a “single source of truth” view.
Never Lose Your Data
Access, centrally store, and share detailed savings reports for each completed project.
Track each project’s forecast and actual outcomes against goals and compared to historical data.
Quickly filter reports along strategic objectives, such as supplier diversity, risk, and sustainability
Key Features of Savings & Value Reporting
Allow for modification of the target savings or other goals (i.e. ESG) for each project, based on new information.
Validate with Finance
Give Finance the workflow to audit and confirm the savings and value reports against KPIs.
Deliver the Details
Allow for drill-downs into each project’s history and results, with multiple exportable report formats.
Hugues de Planta, Group Procurement DirectorKingfisher
Finally, in one single tool, we are able to follow all Procurement projects and have all evidence that the savings have been achieved. They are communicated with full transparency and can be audited by investors and management control.