Save an average of 8-10% in total supply spend
Effective Spend Analysis is the bedrock of spend management solutions; it is one of the most important parts of strategic sourcing. Before your buyers can source anything strategically, they have to know how much they are spending, whom they are buying from, and how much they’re spending to acquire the products from each supplier. Theoretically, all that information should be easy to get. Realistically, it usually isn’t. The data can be spread around several departments within your company and can reside in several different databases that may not be compatible. Data is only data until it’s analyzed and acted upon – then it becomes information.
Our Spend Analysis tools give you access to hundreds of reports, many in real-time and within a few mouse clicks allowing you to perform an in-depth analysis of your company's data for better decision making. Our platform takes bulky collections of data and translates it into well organized, easy to read, at your fingertips information. We say "Why spend money to save money?"…with OMNISOLV, this is FREE!
OMNIVIEW: intuitive graphical dashboard that allows corporate executives of a retailer to see the macro or micro view with just a couple of clicks. Learn more »
LEVERAGING YOUR WORKFORCE
Automated sourcing, procurement and payment processes can greatly improve with the efficiency provided through OMNILINK. Process savings can be measured in various ways such as: how long it takes to process a purchase order, how many individuals need to touch the purchase order before it can be sent (“touch points”), how long it takes to reconcile and pay suppliers, as well as many other methods to measure these process improvements. The way you collaborate and transact with your suppliers is a critical part of spend management. OMNILINK delivers the ultimate tool for improving the processes of your indirect supply chain.