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Topic: Spend management


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  Spend Management, Spend Analysis - Austin-Tetra
Austin-Tetra’s Spend Data Management provides you with complete, granular and accurate spend visibility by using our unique ability to triangulate line item transaction detail and item master information, general ledger accounts and supplier master content.
Our easy-to-buy service delivery model enables comprehensive spend analysis by cleansing, classifying and enriching transactional spend data and supplier master data extracted from your company’s disparate data systems.
We are the leader in data management services through our extensive knowledge base, technology and domain expertise.
www.austintetra.com /solutions/sg_spend.htm   (186 words)

  
  Spend management - Wikipedia, the free encyclopedia
Spend management is the way in which companies control and optimize the money they spend.
Spend Management is meant to represent a holistic view of the activities involved in the "source-to-pay" process.
Spend Management (and in a bigger view Total Cost Management) starts to inform a company of Total Cost of Ownership, and is often used to understand the total cost of items such as assets (from their acquisition, to their use and depreciation, and finally to the assets' retirement).
en.wikipedia.org /wiki/Spend_management   (1072 words)

  
 DataCert - Products - Legal Spend Management
Spend management systems are the outgrowth of electronic invoicing and the intense focus by CEOs, CFOs and GCs on fiscal discipline and management inside of corporate legal departments.
Spend management means the systematic analysis of the detail surrounding legal spend and legal activities which then drives the modification of policies, procedures, activities and resources within corporate legal and in its relationship with outside counsel.
Spend managers are focused on managing the spend associated with outside counsel and matters.
www.datacert.com /Products/SpendManagement.asp   (182 words)

  
 Ariba: Buyer Solutions: Spend Management Overview
As competition in the procurement arena intensifies, it is critical that organizations dramatically improve their effectiveness by managing spend and accelerating process performance.
Leading companies understand that this can only be achieved through a comprehensive spend management solution-one that delivers cross-company spend visibility, promotes accurate decision making, and employs best practices on which to refine and grow an efficient procurement infrastructure.
The Ariba Spend Management Solutions comprise software, services and expertise that enable companies to rapidly master their spend and accelerate their journey toward bottom-line success-without costly customization or internal IT alignment issues.
www.ariba.com /solutions/solutions_overview.cfm   (591 words)

  
 Line56.com: Spend Management Matters   (Site not responding. Last check: 2007-10-27)
Spend management is a vexing issue and a nightmare scenario for executives who, when called on the carpet, find it near impossible to identify top suppliers, or even what is being bought across an enterprise.
Spend management requires the ability to pull spending information together, but to useful, an enterprise needs to apply intelligence that includes smart spending classification, Elliff says.
But increasing attention to spend analysis could be a boon to ERP providers and spend analysis specialists like Verticalnet, which was not alone in surviving a near-death experience at the nadir of the software meltdown.
www.line56.com /articles/default.asp?ArticleID=5341   (626 words)

  
 CGI - Spend management - Government
Spend management allows governments at all levels to rein in wasteful spending.
The key to each factor is a multi-level, internal and external communications strategy with one overarching goal: to highlight the importance and success of a spend management initiative.
CGI manages internal and external communications throughout a spend management engagement.
www.cgi.com /web/en/industries/governments/spend_management.htm   (669 words)

  
 Spend Management infrastructure that facilitates strategic sourcing & Supplier Relationship Management
Spend data is a crucial determinant of the success or failure of Enterprise Spend Management efforts.
Actionable Spend Analysis is the top-of-the-line value that Zycus today presents to its customers and prospects with the promise of translating spend data to savings- the basis of spending management.
Spend analysis is a potent weapon in the battle to squeeze new savings out of corporate procurement processes.
www.zycus.com /solution/spend-management.html   (861 words)

  
 ebs - What Is a Spend Management Blueprint?
Spend management digitization modifies existing practices and requires a methodical (slow) pace of implementation.
Usually if a company is implementing a spend management service platform, it has decided beforehand that it would like to be a low-cost producer.
(For spend management, they are sourcing, contracting, procurement, payment, and analysis.) Third, identify the processes that constitute a service and the technology applications that support them.
www.ebstrategy.com /selfservice/spend/spnd_mgmt_blueprint.htm   (525 words)

  
 Supply Excellence » Supply Management vs. Spend Management Rumble: Round One
Considering that Jason is currently attending the user conference of the vendor that created the spend management term and I am attending the leading industry event for supply management professionals, I couldn’t think of a better time to take up the challenge.
Spend management is a marketing campaign (albeit a brilliant one) focused on improving internal operations and reducing spend.
Spend Management “feels” like it is geared towards a CFO who is concerned with expense/price reduction and has no concept of how quality, on-time delivery, or collaborative supplier relationships impact operations or the bottom line.
supplyexcellence.com /blog/2006/05/09/supply-management-vs-spend-management-knock-down-round-one   (824 words)

  
 Verticalnet - XE Suite - Spend Analysis using Spend Manager
The biggest challenges associated with spend analysis are gathering spend data, putting it into a common format that facilitates analysis, and making the process repeatable over time.
Spend Manager provides the ability to aggregate spend data from multiple disparate systems, cleanse and classify the data to a common classification structure, and perform multi-dimensional analysis, easily enabling you to identify both saving opportunities and compliance breakdowns that keep negotiated savings from dropping to the bottom line.
Verticalnet XE Spend Manager dramatically reduces the cost, effort and time associated with traditional spend analysis methods by offering automated cleansing and classification.
www.verticalnet.com /software/spend_analysis.asp   (672 words)

  
 Legal Spend Management
Industry Leading Legal Spend Management Solution with More Than 60,000 Users
With Legal eXchange, our customers work collaboratively with their law firms to achieve better insight, efficiency and control of outside legal spend.
This series of free reports authored by Bottomline’s Legal Spend Management experts is designed to help Corporate Counsel and Claims Executives leverage technology for greater efficiency, insight and control of outside legal costs.
www.bottomline.com /legal_spend_management.html   (195 words)

  
 IBM, Ariba Offer 'Spend Management'   (Site not responding. Last check: 2007-10-27)
IBM and Ariba, a provider of "Enterprise Spend Management" solutions, announced yesterday the launch of Spend Management Advantage, a series of five packaged tools that addresses business, process, technology, supplier and operations issues.
According to the companies, it is designed to accelerate adoption of ESM by helping companies manage all aspects of their spending and achieve spending reductions.
Ariba and IBM will work with customers to define their spend management vision and develop a strategy using their initiatives and resources.
www.dmnews.com /cms/dm-news/e-commerce/22140.html   (133 words)

  
 Enterprise Spend Management Products - Ketera - Reduce Corporate Spending
Ketera is the first and only on demand spend management solution to give mid and large size enterprises cost effective spend management solutions that reduce and control corporate
Ketera's on demand spend management solution creates a "source to pay" loop to identify, capture and sustain bottom-line savings with spend analysis, sourcing, procurement, contract management and supplier performance.
Ketera Contract Management provides companies with a single repository of all contracts, manages the contract management lifecycle and provides authoring tools, approvals and compliance monitoring to stop revenue leakage and to implement supplier performance monitoring across your partner agreements.
www.ketera.com /products/index.html   (351 words)

  
 Spend Management Competition Rises
It was engineered to provide client companies with a view of their global spending and let them design, execute and measure the effectiveness of spend management strategies.
Spend data is often spread across multiple systems that are neither connected nor integrated, with many different users entering information in an unsystematic, non-standardized manner - hence the market for applications in this area.
Features include the ability to standardize and validate spend data regardless of the source; segment, scrub and store this data in a central location; analyze it to enhance processes, structure and execute spend management strategies; and measure their effectiveness.
www.internetnews.com /ec-news/article.php/1441681   (465 words)

  
 Verticalnet - XE Suite - Contract Management with Contract Manager
Contract tracking, management and negotiation capabilities are necessary to optimize contractual supplier relationships and overall contract performance.
Verticalnet XE Contract Manager controls the entire contract lifecycle, ensuring that contracts are visible, controlled, and renegotiated in a timely fashion extending the value of supply management.
Contract Manager XE can be deployed independently as a stand-alone contract management system or as an integrated module in the Verticalnet XE suite for a best of breed strategic sourcing solution.
www.verticalnet.com /software/contract_management.asp   (680 words)

  
 Spend Analysis - Ketera
Ketera is the only affordable on demand spend management solution that reduces and controls corporate spending for direct and indirect goods and services.
Ketera Spend Analysis™ enables companies to identify savings through gaining a complete understanding of their spending and identifying specific opportunities for reducing costs.
Ketera is responsible for all of the "heavy lifting" involved in cleaning data and preparing reports—using technology and subject matter experts to convert raw spend data into actionable reports such as spend by supplier, by time period and by organization.
www.ketera.com /land/spend_management_goo.html   (283 words)

  
 ebs - Evolution of Spend Management
The notion of spend or cost management is as ancient as business.
Before the Internet, most purchasing departments focused on direct materials, which are the largest segment of corporate spending, representing more than 50% of total costs.
The Bottom Line: The macroeconomic environment swing from revenue growth to draconian cost control has influenced organizations to broaden their focus from transactions into services (which some refer to as supplier management and others as spend management).
www.ebstrategy.com /selfservice/spend/evolution.htm   (562 words)

  
 SAQQARA > Ensuring successful Enterprise Spend Management initiatives
"As organizations consolidate ERP systems, engage in strategic sourcing, or launch enterprise spend management initiatives, they find that the efficiency and accuracy of their business processes and reporting are dependent on the item master data.
We apply a patented content management technology to make sure that our customers can achieve their business objectives through accurate and up-to-date product data in their item master and supplier catalogs.
SAQQARA CDM for e-Procurement™ is a Web-based managed service for supplier enablement, content management, and catalog hosting that accelerates the ROI of e-procurement technology.
www.saqqara.com /solutions/index.html   (555 words)

  
 Spend Management
Spend Management is the practice of continually pursuing optimal pricing, process, and governance compliance through the use of proven tools and technologies.
Leadership through Spend Management has provided many leading companies with distinctive advantages over their competitors.
SMART is a proven provider of innovative solutions that help our clients understand and achieve the benefits of Spend Management.
www.smartassociates.com /spendmanagement.asp   (129 words)

  
 Spend Management ( Enterprise Spend Management, ESM, and Spend Analysis) Definition
, spend management is managing how to spend money to best effect in order to build products and services.
Since the "spend manager" could have a significant impact on a company's results, it has been …
Since the "spend manager" could have a significant impact on a company's results, it has been advocated that this manager have a senior voice in running the company.
www.bitpipe.com /tlist/Spend-Management.html   (422 words)

  
 Ariba: Spend Management Learning Center
Indirect spend can make up a large amount of your overall spend, and should be sourced strategically.
With a background that includes managing the company's U.S. corporate travel business as well as experience working in the finance operation, Needs has helped American Express's businesses meet their goals by reducing costs by $588 million.
Diane Free, H.J. Heinz's Senior Manager of Indirect Procurement E-Sourcing, discusses the typical challenges that organizations encounter when engaging in indirect sourcing during her presentation from a recent GSM Outlook Conference.
elc.freemarkets.com /p_resource.cfm?INIT_ID=19   (2388 words)

  
 As - KnowledgeStorm Spend Management Results for As
VisualSRM SMB Edition is a policy-based Windows storage management application that presents a consolidated view of your company’s storage and enables you to create automated policies to manage it.
January 2006 - (Free Research) The purpose of this tutorial is to describe the IT challenges that have resulted from the rapid pace of change to business operations, describe the construct of transactions, and discuss the potential problems that occur and how their impact may be minimized or avoided altogether by tracking transactions.
Spend Management is a part of the KnowledgeStorm Network.
spendmanagement.knowledgestorm.com /ksspendmgmt/search/keyword/As/DirectSSkw/As   (1723 words)

  
 Spend Management
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.
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.
www.ebreviate.com /solutions/spend.html   (425 words)

  
 On Demand Spend Analysis Solutions - Procuri Inc.
The success of any supply management initiative is largely dependent upon the ability to access, organize, and analyze spend data.
Sourcing strategy, contract and compliance management, and supplier management are all critical components for supply management excellence.
Procuri’s On Demand delivery model delivers this detailed spend intelligence without the need to invest in costly software or time-consuming and labor-intensive data management resources.
www.procuri.com /solutions/spendanalysis.asp   (340 words)

  
 SpendMatters
But their stories both individually and collectively are what inspire all of us to drive the Spend Management movement forward.
Perhaps the best piece of overall advice I can give when it comes to managing third parties is how critical it is to decide which categories are worth building internal expertise for versus those which are best suited for an outside firm to actively manage in an outsourced or managed service arrangement.
In a similar vein, Spend Management executives should understand as much as they can about the specific activities of their officers and even their troops.
spendmatters.com /index.cfm?mode=entry&entry=D0D6CC13-E9FA-BAD7-34C7...   (3713 words)

  
 Software provides spend management solution., Aankhen Inc.
Deployed in global procurement environments, it promotes efficiency in manufacturing enterprises for spend management of non-value added costs, such as storage and shipping, hidden in supply chain.
The IRIS Shouldbe Cost(TM) software is a proven solution deployed in global procurement environments enabling manufacturing enterprises to become more efficient in spend management of embedded costs hidden in the supply chain.
Integrating embedded cost management in context of total negotiated cost with suppliers brings new visibility to embedded cost spend and savings opportunities in the industry.
news.thomasnet.com /fullstory/459370/2585   (790 words)

  
 SciQuest Enterprise Solutions   (Site not responding. Last check: 2007-10-27)
Spend Director is an on-demand, multi-commodity supplier enablement, supplier management and supplier integration solution designed to enhance existing procurement systems to increase on-contract spending and improve enterprise productivity and spend management.
You must enable, configure, and deliver a critical mass of supplier content in a manner that promotes contract compliance while also providing the optimal buying experience.
Spend Director delivers a compelling return on investment by enabling organizations to influence buying decisions and significantly improve spend management across the organization while offering a better purchasing experience:
www.sciquest.com /enterprisesolutions/sd.php   (276 words)

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