Spend Management

Spend Management is a comprehensive solution that automates and actively manages indirect and direct spend for better control, greater value and more savings. It helps companies get a single view of their spend, reduce costs, minimize risks, improve collaboration and align spend decisions with business strategy.

Some of the key features of Spend Management include:

• Manage All Sources of Spend: Explore SAP Ariba solutions for direct and indirect spend, SAP Fieldglass solutions for external workforce management and SAP Concur solutions for travel and expense.
• Spend Data Analysis: Capture, analyze and share spend data to deliver rapid savings and ROI.
• End-to-End Business Process Integration: Automate spend management processes for each spend category, integrated with back-end systems, pay processes and partners.
• Generative AI: Leverages AI to automate routine tasks, unlock spend potential and increase productivity.

Spend Management is designed to help companies overcome common procurement and spend-related challenges. It automates processes, provides real-time visibility into procurement operations and helps employees make smart spending decisions. The solution can be particularly helpful for companies looking to cut costs, improve collaboration and simplify procurement processes.

Pricing for Spend Management is not publicly disclosed, and it will vary depending on a company's specific needs and requirements. As with other SAP solutions, you can expect a rich set of tools and features designed to drive business outcomes, but the cost will depend on the breadth and depth of implementation.

With Spend Management, companies can expect to achieve better control, greater value and more savings through its automated and integrated approach to indirect and direct spend.

Published on June 23, 2024