Control
From Damage Control to Spend Control TM
Smart executives everywhere are looking for better ways to control their corporate spending. Unlike an increase in sales of which only a small percentage is profit, 100 percent of every dollar that you don’t spend goes directly to your bottom line.
The diligent use of Purchase Orders and Requisitions is usually the first line of defense against unwanted spending but when paper-based and other rudimentary systems fall short, many Purchasing Managers and CFOs turn to Purchasing Software (e-procurement software) to gain control of their Purchasing.
SpendMap increases control by stopping unwanted purchasing before it occurs and directing any approved spending to where you want it.
Success Stories: Read about how SpendMap customers gain control of their spending.
- Make the shift from damage control to spend control.
- Enforce proper approvals for every order, every dollar, every time.
- Enforce the use of only authorized vendors, items and account codes throughout all stages of the procurement process.
- Consistently enforce desired purchasing policies and process compliance.
- Confirm available funds and update budgets weeks before the invoice hits your General Ledger.
- Detailed audit trails of historical events can be used to further enhance policies.