The ability to track spending accurately and efficiently is critical to the success of a procurement organization. Throughout different phases of strategic sourcing, a company must be able to identify sourcing opportunities, provide negotiating leverage for sourcing teams, and monitor and report compliance, including spend with diversity suppliers, across the enterprise. However, the average enterprise has multiple transaction systems and lacks the tools to track and monitor spend with suppliers.

Our Solution
The eBreviate eSourcing Suite's Spend Management module enables procurement professionals to understand how their company truly purchases by consolidating data from an enterprise's existing financial systems into common spend categorizations and appropriate corporate hierarchies, including diversity supplier tracking. Buyers can easily run dynamic reports and charts to drill down and review spend data at various levels, as well as track compliance with preferred suppliers. The result: improved spend tracking to increase negotiating leverage, identify sourcing opportunities, and facilitate the realization of negotiated savings.

Key Features

Benefits


Key Features

Secure, Integrated Platform
	•	Highest level of security using the latest SSL (secure socket layer encryption) and role-based user security model
	•	Integration with other modules in the eBreviate eSourcing suite
	•	Ability to integrate with existing corporate financial, time and expense, and procurement card systems
	•	Customized screens that incorporate customer branding and preference
Streamlined Data Cleansing and Classification
	•	Consolidation of spend data from any number of sources and at any detail level
	•	Multi-tier customized classification system along multiple dimensions, including organizational level, geography, and commodity
	•	Customizable business rules to support data consolidation and classification
	•	Ongoing data uploads at a predefined frequency to ensure availability of current data and historical comparisons
	•	Multi-language and multi-currency compatible, with conversion to a common currency for enterprise-level reporting
Comprehensive, Drill-Down Reporting
	•	Reporting and charting of spending across the enterprise by business unit, cost center, supplier, and category for various time periods
	•	Drilldown trails to display all transaction detail that comprises summarized spend figures
	•	Tracking of compliance of negotiated agreements through preferred suppliers
	•	Optional report filtering on non-sourceable spend items, such as taxes, contributions, or in-kind exchanges
	•	Downloadable data queries for further analysis, archiving, or dissemination
Unique Diversity Spend Tracking and Reporting (optional)
	•	Diversity spend reporting by supplier or diversity classifications, such as minority-, women-, and veteran-owned businesses
	•	Diversity classifications based on user-defined categories or automatically via digital interfaces with supply diversity categorization services
	•	Spend tracking capability with second-tier diversity suppliers

Procurement Organization Benefits

	•	Increased visibility into spend levels across the entire enterprise
	•	Faster identification of sourcing opportunities
	•	Increased negotiating leverage with suppliers
	•	Enhanced monitoring of contract “leakage” and “maverick” buying
	•	Improved realization of negotiated savings opportunities
	•	More efficient tracking of diversity spend levels
	•	Minimal software implementation required