Friend of Edsen, Indirect spending accounts for a large portion of a company’s budget, and those that make a point of managing their spending in this area can see equally large savings.
According to a 2014 report from EY, optimizing indirect spending can reduce costs by as much as 25%. But it’s about more than cost reduction. Paying more attention to the quality, and value of products and services that fall under indirect spending can strengthen company operations, improve the quality and reliability of the products and services you deliver to customers, and reduce your risk exposure.
For high-growth companies, the issue can be particularly critical, because they tend to be staffed by people who wear multiple hats and seldom have the benefit of well-developed policies and procedures. As the company expands, the vendor contracts they sign grow bigger, the list of purchases grows longer, and the costs and risks can quickly spiral out of control.
Coupa is here to empower companies around the world with the visibility and control they need to shop smarter and safer.
Coupa's Business Spend Management (BSM) platform provides powerful capabilities for everyone in your company, your power users, and your suppliers to perform all of their business spending activities in one place.
ED-SEN Consulting and Coupa held a webinar with the theme "How to Maximize the Value of Your Spending?" on August 12, 2021.
For registration information, please click the following link. #EdsenWebinar