Advisory Services - Rapid Spend Review
PROACTIS Rapid Spend Review is an advisory service that
provides a fast, proven and cost-effective way to identify your
best opportunities to reduce cost, increase spend visibility,
improve efficiencies and mitigate risk.
The Rapid Spend Review process utilises basic spend data you
already have along with analysis of your existing Spend Control
processes to:
- Gain clear visibility of your current spend,
how it occurs within your organisation, and where you are exposed
to risk
- Realise almost immediate savings through
improved policies and procedures, supplier consolidation, and other
non-technology actions
- See how you can realise more savings through
well-focused use of eProcurement and Spend Control
technologies
- Outline a practical step-by-step plan for
incremental, often self-funding, savings and improvements
The specific scope and focus of analysis is always decided in
advance with each individual client, but normally includes:
Data analysis:
- A transaction analysis to determine the breakdown of spend
through POs, invoice-only, imprest/petty cash accounts, PCards,
employee expenses, etc.
- Analysis of top suppliers in terms of spend value and number of
invoices
- Analysis of top categories in terms of spend value, number of
suppliers and number of invoices
Process analysis:
- Current Spend Control policies (completeness, best practices,
etc.)
- Current Spend Control process flows and compliance to
policies
- Identification of issues related to financial controls and
risks
Typical recommendations include:
- Spend Control policy and procedure improvements
- Opportunities for supplier sourcing, consolidation and
rationalisation
- Supplier management improvements such as supplier qualification
and certification processes
- Opportunities for transaction processing improvements,
including purchase/PO methods, electronic invoice methods, invoice
processing
- Phased approach to deployment of eProcurement and Spend Control
technologies
PROACTIS Rapid Spend Review enables you to:
- Focus your efforts on the areas, categories,
suppliers and processes that will deliver the most significant
results
- Start acting quickly by providing the
information you need in a matter of days or weeks as opposed to the
months most consulting engagements would take
- Make wise investments by showing you exactly
what you can expect from both policy/procedure improvement efforts
and technology investments
Take advantage of the PROACTIS Rapid Spend Review service as
your first step towards cost savings; streamlined procurement,
purchasing and AP processes; and reduced supplier risk.
Contact us to learn
more.
