Spend Management

Help Your Team Automate eProcurement and Spend Analytics!

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eProcurement

Improve and automate workflows that support accounting, sourcing and process optimization

Order-to-Cash, Procure-to-Pay, Punchout
ERP, eProcurement, Data Warehouse
EDI, cXML, REST API

Spend Analytics

Automate processes to improve data insight on Spend activities and accelerate performance.

Procurement, T&E, HR Spend
Catch Rogue, Off-contract Spend
Manage Risk and compliance

Why Spend Management? Why Accelerate and Improve eProcurement Processes?

Companies invest a lot in eProcurement systems. These systems are implemented in part to help a company to effectively source products and services needed to run the company. To be successful, companies need to align teams internally and externally around the procurement processes they establish. As a company’s people, locations, and needed products change, so can the challenges.

Challenges

– Off-contract spending
– Data in various sources
– Budget visibility
– Visibility into vendor performance
– Older technology/applications
– Limited or failed compliance

Companies are hard pressed to put data to work automating processes and driving useful reporting or insight. By not having the ability to access the data it can be difficult to adjust inventory, this can often lead to stock outs, overspending, and increased risk. We fix these types of issues.

Companies can easily connect apps like asset management, accounting, inventory or warehouse management and others to exchange information while providing integration capabilities to support incremental LoB productivity and analytics. By sourcing data required using readily available technology, and methodologies, companies can accelerate and improve their spend management practices. As a result, your company is more lean, efficient and effective in delivering value.

Automate Processes for Complete Spend Management Insight

To harmonize data across Line of Business applications (LoB), your company needs a semantic layer to bridge B2B data and the value it offers your business. There are several methods and technologies available to accomplish this, what is critical is implementing the solution so that a.) collaboration is automated, and b.) the solution’s cost doesn’t negate the value generated by the automation.

– Improve collaboration across line-of-business (LoB) for data scientists, citizen integrators, developers and IT.
– Get to Value Faster – More often than not, we only augment existing systems rather than RAR scenarios.
– Automate processes to increase availability of data for people to use and collaborate on across the enterprise.

Improve Decision-Making Speed and Accuracy Across D/W, Spend and Integration Platforms

Want to Improve Your Ability to Analyze Spend?

Contact Retail EDI to discuss what can be done to improve your visibility into Procurement, T&E, and HR related Spend Management processes.

Email Retail EDI

eProcurement Integration

Connecting to, and harmonizing data to effectively use data received from suppliers or customers is critical to your organization. We enable teams to automate processes so teams don’t have to worry about how to align ERP and eProcurement processes.

Automate processes that support your business initiatives, and enable your company to realize value.

Abstract the Complexity of Procurement Integration

Whether your perspective is from a Buyer, automate the processes your team needs to be successful.

Look at the whole ecosystem to help arrive at how your business processes can most effectively be supported.

Evaluates what your strengths are, and where you can improve a team’s integration and process efficiency. Improving automation doesn’t always mean rip-and-replace. Often your existing infrastructure and tools simply need to be used more effectively. Contact us if you need any assistance.