Expenses under management
Ideally, indirect spend remains decentralized, but in a regulated manner. Regulation begins with rationalizing the supplier base and formalizing relationships with preferred suppliers, through contracts.
This lays the foundation for more favorable terms and purchasing prices, and a cheaper and compliant ordering process.
Central purchasing platform
To take advantage of the benefits of working with preferred suppliers, a central purchasing platform offers a solution. A "corporate webshop" where employees themselves can order products from preferred suppliers.
Orders are valued based on defined budgets, submitted to budget holders through a workflow, and formalized uniformly in the form of a PO.
Integration with accounts payable
A regimented procurement process with formal POs, supplemented by order confirmations, makes invoice processing much easier. Invoice information can be automatically matched with the PO, among other things.
The straight-throughput processing of invoices, in turn, creates opportunities for procurement, as well as for early payment discount agreements.
Read more about accounts payable
Payment plan dashboards provide insight into active payment plans at different vendors, how much money is spent through payment plans, how much money is matched to payment plans and how much is left over.
Procurement dashboards provide insight into howspending is distributed within the organization by suppliers and cost centers. Spending can be valued by various KPIs such as the proportion of controlled versus uncontrolled spending.
What does ICreative do
We are purchase-to-pay partner for organizations, institutions and governments. We feel particularly at home in large and complex administrations, such as the use of multiple ERP systems.
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