Spend Management Optimisation
Spend Management Optimisation
Going live with a Source to Pay solution is a major step towards better spend management – capturing savings, improving efficiency and gaining control. However, it is only the start of a journey and the most successful organisations keep project momentum going to really deliver against the e-procurement business case.
XoomTune is a spend management optimisation service from Xoomworks that provides advice and expertise to ensure benefits are identified and achieved from your Spend Management solution. It enables you to ensure your solution is continually improved and delivers on your original e-procurement business case.
The XoomTune service provides you with
Review of your Source to Pay solution data
Application of the data to Xoomworks’ XoomTune Optimisation Dashboard
Procurement data analysis in the context of customer success metrics, business case and ‘what good looks like’ statistics
Provide insight into successes and improvement areas
Creation of standard XoomTune Optimisation report
The benefits of XoomTune
Supplier Master Data
Increasing efficiency in document handling and control about how and when your suppliers are paid in line with your control processes.
Supplier Enablement
Reviewing Master Data quality, capabilities to handle electronic invoicing and supplier managed catalogues and identifying much more efficient and compliant ways of doing business.
Transaction Spend Analysis
Review on transaction document values and volumes to promote driving compliance through approval increased spend management information and efficient P2P processes.
Compliance
Identifying areas to be more in line with business processes, such as pre-approved processes.
Invoicing Channels
Identifying areas with high manual resource requirements and proposing more automated / touch-less processes to drive efficiency.
Approval Analysis
Identifying areas with high manual resource requirements and proposing more automated / touch-less processes to drive efficiency.
Contract Analysis
Review of contract behaviours and identify opportunities for associated repeatable spend from suppliers.
Sourcing Analysis
Review Sourcing activities and leverage savings through simple RFX processes.
Highlight New Features
New releases provide the opportunity to simplify or expand your solution.
Governance & Control
The Source to Pay solution environments & information are governed internally and externally, with Source to Pay solution.
Governance & Control
The Source to Pay solution environments & information are governed internally and externally, with Source to Pay solution.
Highlight New Features
New releases provide the opportunity to simplify or expand your solution.
