Question: Is there a spend management solution that can automate and control all types of spend, including external workforce management?

If you want a more comprehensive spend management system that automates and controls all types of spend, including external workforce management, Spend Management could be a good choice. The system provides a single, unified view of spending, cuts costs, lowers risk, fosters collaboration and aligns spend decisions with business objectives. It includes tools for managing all sources of spend, analyzing spend data, integrating end-to-end business processes and using generative AI to free up employees from routine work. That could be good for companies trying to modernize procurement and make it more efficient.

Another good choice is Workday VNDLY VMS, which is integrated with Workday Human Capital Management (HCM) to help manage contingent labor. It offers visibility into the total workforce and helps manage the extended workforce more effectively. The system includes extended workforce management, statement of work management and worker profile management, with automation and machine learning to optimize operations and manage compliance and risk. That could be good for companies with global workforce challenges and who need to comply with lots of laws and regulations.

If you want a more general-purpose procurement and spend management system, Coupa Supplier Management is a cloud-based system that combines total spend management with community-generated AI and data to help you work more efficiently and productively. It includes treasury management, source-to-pay, procure-to-pay, accounts payable automation, supply chain collaboration and supply chain design & planning. The system is good for companies that want to simplify financial and procurement operations and improve business results.

Finally, Coupa is another powerful system that automates source-to-pay processes, treasury management, source-to-contract, procure-to-pay, accounts payable automation, supply chain collaboration and supply chain design and planning with AI. It helps businesses work more efficiently, collaborate better and grow faster by giving them a single, unified view of global cash positions and automating work. The system is designed to transform operations, using AI to unlock new levels of performance, profitability and growth.