Improve your Spend Visibility with SAP Analytics Cloud
Always be in the know when it comes to where your budget is going. If you’re leveraging SAP Procurement solutions to manage your company’s spending, you understand the importance of visibility to make better operational decisions. SAP Analytics Cloud allows you to extend the reach of your spend solutions by breaking down organizational siloes, providing greater insights, and detecting future trends— so you can see where every bit of your budget is going and ensure your spend management is aligned with your business priorities.
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Top Challenges for Spend Management Teams
Slow and Error-Prone Processes Due to Siloed Systems and Sources
Today, spend managers need access to a wide range of data from all over the organization, fast. However, many companies have their spend data spread across a variety of disconnected data sources, solutions, suppliers, and departments. Without having the ability to gain a complete picture of the company’s spend, it’s difficult for procurement managers to make truly informed decisions.
SAP Analytics Cloud allows you to gain that complete picture of your company’s spending. The enterprise analytics solution seamlessly connects to a wide range of data systems—whether SAP Procurement solutions or third-party sources. This allows you to tap into enterprise-wide insights, providing you with the unified view needed for strategic spend management.
Limited visibility into Procurement KPIs and Operations
While having visibility of your supply chain is crucial to ensure factors such as meeting regulatory requirements and risk planning, 65% of procurement leaders have reported limited or no visibility beyond their tier-one suppliers. Those who don’t have full visibility into their procurement data will ultimately pay the price in higher costs and risk.
With SAP Analytics Cloud, leverage advanced business intelligence and analysis capabilities to empower automated, self-service insights. Gain up-to-date visibility for all your KPIs—helping your spend teams get the answers they need—on the fly. Detect future trends, identify new cost savings opportunities, adapt to rapid changes, and drive organizational success with a single solution.
Trouble Optimizing Working Capital
Working capital management is the ability to make the most out of your current assets, helping your company maximize its cash flow. To effectively optimize your working capital, you need to understand when you are eligible for a supplier discount and ensure you achieve those discounts that you’ve negotiated with your suppliers. Companies that have this visibility can free up cash for other business priorities.
SAP Analytics Cloud provides key performance indicators to help your procurement organization maximize its working capital. The solution can improve invoice processing efficiency by monitoring exceptions to ensure proper compliance of supplier agreement terms, such as order quantity, quantity received, and pricing terms. You can use intelligent automation to handle simple payment transactions. When the solution detects an exception, the invoice can be routed to the appropriate procurement professional. With all this information, your business can identify significant opportunities to improve overall cash flow.