Spend Management

Worried about tracking your expenditures?

Not anymore with a streamlined spend management tool!

Spend Management

The SAP Intelligent Spend Management System incorporates a portfolio of SAP products pertaining to an organization’s Spend Management into one single structure. The tool encompasses everything from direct procurement of raw materials used in manufacturing goods to indirect procurement of office supplies, bringing in contingent workers, and managing travel expenses.

sap spend management

What you gain?

Sourcing and Contracts

  • Add up and group all business purchases
  • Gain visibility to locate potential savings sources
  • Streamline the source-to-contract procedures
  • Drive cost reduction and material optimization
  • Teams may work more quickly and efficiently while reducing risk by selecting better suppliers

Procurement

  • Dealing with Services, Indirect and Direct spending
  • Improve the guided buying experience
  • Improve efficiency and Cost Management
  • Taking down obstacles between suppliers and customers
  • Data sharing, insight gathering, and workflow management
  • Automatically adjust to market conditions

Invoice and Payment Management

  • Modernize the approval and capture of invoices​
  • Enhance cash and payables control​
  • ​Gain early-payment discounts
  • Reduce supply-chain risk​
  • Improvise free financial flow​
  • Reduce working capital needs​

Supplier Management

  • Spend with your preferred vendors​
  • ​Synchronize supplier management and purchasing
  • ​Organize using a single source record
  • ​Extend Risk Management throughout your supply base

External Workforce and Services

  • Automate the end-to-end process of outsourcing contractors and providing services
  • Obtain visibility across your entire extended team and monitor the caliber of their work
  • Strengthen external talent and the workforce ecosystem
  • Using master worker records, keep tabs on all contract workers and provide reports

Travel and Expense

  • Streamline and automate spending procedures
  • View all spending in one place
  • Can submit and approve costs from anywhere
  • Make business travel easier
  • Link the processes for vendor invoices
  • Get notified on Supplier pays

What you gain

Sourcing and Contracts

  • Add up and group all business purchases
  • Gain visibility to locate potential savings sources
  • Streamline the source-to-contract procedures
  • Drive cost reduction and material optimization
  • Teams may work more quickly and efficiently while reducing risk by selecting better suppliers

Procurement

  • Dealing with Services, Indirect and Direct spending
  • Improve the guided buying experience
  • Improve efficiency and Cost Management
  • Taking down obstacles between suppliers and customers
  • Data sharing, insight gathering, and workflow management
  • Automatically adjust to market conditions

Invoice and Payment Management

  • Modernize the approval and capture of invoices​
  • Enhance cash and payables control​
  • ​Gain early-payment discounts
  • Reduce supply-chain risk​
  • Improvise free financial flow​
  • Reduce working capital needs​

Supplier Management

  • Spend with your preferred vendors​
  • ​Synchronize supplier management and purchasing
  • ​Organize using a single source record
  • ​Extend Risk Management throughout your supply base

External Workforce and Services

  • Automate the end-to-end process of outsourcing contractors and providing services
  • Obtain visibility across your entire extended team and monitor the caliber of their work
  • Strengthen external talent and the workforce ecosystem
  • Using master worker records, keep tabs on all contract workers and provide reports
  • Multiple resources can be hired, managed, and paid for numerous tasks using a single solution

Travel and Expense

  • Streamline and automate spending procedures
  • View all spending in one place
  • Can submit and approve costs from anywhere
  • Make business travel easier
  • Link the processes for vendor invoices
  • Get notified on Supplier pays

Our Partners

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KaarTech

Your Dependable & Trustworthy Partner

We show up! We make a Difference!

Utilizing the latest trends and technologies, our team of experts ensures to deliver best-in-class products and services for your business.